Anadarko Petroleum Co. (NYSE:APC) – Investment analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for shares of Anadarko Petroleum in a note issued to investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst M. Lear now expects that the oil and gas development company will post earnings of ($2.30) per share for the year, up from their previous forecast of ($2.46). Jefferies Group has a “Buy” rating and a $61.00 price target on the stock. Jefferies Group also issued estimates for Anadarko Petroleum’s Q4 2017 earnings at ($0.17) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at ($0.07) EPS, FY2018 earnings at ($0.02) EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.01 EPS and FY2019 earnings at ($0.02) EPS.
Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. Anadarko Petroleum’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.89) earnings per share.
A number of other research firms also recently weighed in on APC. Scotiabank set a $62.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Saturday, November 25th. Royal Bank of Canada reissued a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a research note on Friday, September 29th. Piper Jaffray Companies initiated coverage on shares of Anadarko Petroleum in a research note on Thursday, December 21st. They set an “overweight” rating and a $56.00 price target for the company. Barclays boosted their price target on shares of Anadarko Petroleum from $39.00 to $42.00 and gave the stock an “underweight” rating in a research note on Thursday, December 21st. Finally, BMO Capital Markets raised shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $53.00 to $57.00 in a research note on Friday, November 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company. Anadarko Petroleum presently has a consensus rating of “Buy” and an average target price of $65.00.
Anadarko Petroleum (NYSE:APC) traded up $0.48 on Friday, hitting $58.98. 4,906,095 shares of the company were exchanged, compared to its average volume of 5,470,000. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market capitalization of $32,270.00, a P/E ratio of -16.66 and a beta of 1.38. Anadarko Petroleum has a twelve month low of $39.96 and a twelve month high of $72.32.
A number of large investors have recently modified their holdings of APC. Fis Group Inc. bought a new stake in shares of Anadarko Petroleum during the third quarter worth $107,000. Stelac Advisory Services LLC bought a new stake in shares of Anadarko Petroleum during the third quarter worth $107,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Anadarko Petroleum during the third quarter worth $116,000. Sun Life Financial INC increased its position in shares of Anadarko Petroleum by 1,363.4% during the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after acquiring an additional 2,795 shares in the last quarter. Finally, FNY Partners Fund LP increased its position in shares of Anadarko Petroleum by 2,900.0% during the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after acquiring an additional 2,900 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.
Anadarko Petroleum announced that its Board of Directors has initiated a stock buyback program on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas development company to buy up to 10% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date was Tuesday, December 12th. Anadarko Petroleum’s payout ratio is presently -5.65%.
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Anadarko Petroleum Company Profile
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.
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