Anadarko price target raised to $134 from $122 at Credit Suisse Credit Suisse raised Anadarko's price target to $134 based on underappreciated mineral assets. The firm believes Anadarko is evaluating options of its mineral assets and could announce a sale of its Rockies minerals cash flows, which could be worth $6.1B. Shares are Outperform rated.
Anadarko August calls active Anadarko August 72 and 73.5 calls are active on total call volume of 7K contracts (1K puts) on takeover speculation. August call option implied volatility is at 55, August weekly is at 44, September is at 40; compared to its 52-week range of 22 to 56. Active call volume suggests traders taking positions for large near term price movement.