Anadarko Petroleum Corporation (APC) Given Consensus Recommendation of “Buy” by Brokerages

Anadarko Petroleum Corporation (NYSE:APC) has received a consensus rating of “Buy” from the thirty-one analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $66.91.

APC has been the topic of a number of research reports. BidaskClub lowered Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Citigroup Inc. initiated coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They issued a “positive” rating and a $60.00 price objective on the stock. They noted that the move was a valuation call. Susquehanna Bancshares Inc initiated coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They issued a “positive” rating and a $60.00 price objective on the stock. Scotiabank reissued a “buy” rating and issued a $66.00 price objective on shares of Anadarko Petroleum Corporation in a report on Friday, June 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Anadarko Petroleum Corporation in a report on Friday, July 7th.

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Anadarko Petroleum Corporation (NYSE APC) traded down 0.61% during midday trading on Wednesday, hitting $48.60. The company’s stock had a trading volume of 3,431,421 shares. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33. The company’s 50-day moving average is $45.53 and its 200 day moving average is $48.78. The company’s market cap is $27.23 billion.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.42). The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.60) earnings per share. On average, analysts predict that Anadarko Petroleum Corporation will post ($2.06) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were given a $0.05 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.

Anadarko Petroleum Corporation declared that its board has authorized a stock repurchase plan on Wednesday, September 20th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APC. Dai Ichi Life Insurance Company Ltd lifted its position in shares of Anadarko Petroleum Corporation by 83.3% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 94,440 shares of the oil and gas development company’s stock valued at $5,855,000 after acquiring an additional 42,912 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Anadarko Petroleum Corporation by 5.0% in the first quarter. Blair William & Co. IL now owns 16,567 shares of the oil and gas development company’s stock valued at $1,070,000 after acquiring an additional 785 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Anadarko Petroleum Corporation by 0.3% in the first quarter. Neuberger Berman Group LLC now owns 2,535,608 shares of the oil and gas development company’s stock valued at $157,208,000 after acquiring an additional 7,125 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Anadarko Petroleum Corporation by 134.9% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 277,704 shares of the oil and gas development company’s stock valued at $17,216,000 after acquiring an additional 159,461 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Anadarko Petroleum Corporation in the first quarter valued at approximately $759,000. Institutional investors and hedge funds own 85.01% of the company’s stock.

About Anadarko Petroleum Corporation

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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