FY2017 Earnings Forecast for Anadarko Petroleum Co. Issued By Jefferies Group (NYSE:APC)

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%.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/13/fy2017-eps-estimates-for-anadarko-petroleum-co-raised-by-analyst-apc.html.

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.

Get a free copy of the Zacks research report on Anadarko Petroleum (APC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply