Wall Street brokerages predict that Anadarko Petroleum Co. (NYSE:APC) will announce $2.68 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Anadarko Petroleum’s earnings, with the lowest sales estimate coming in at $2.30 billion and the highest estimate coming in at $3.00 billion. Anadarko Petroleum posted sales of $2.39 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 12.1%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 6th.
On average, analysts expect that Anadarko Petroleum will report full year sales of $2.68 billion for the current fiscal year, with estimates ranging from $8.81 billion to $11.97 billion. For the next financial year, analysts forecast that the business will report sales of $11.62 billion per share, with estimates ranging from $9.85 billion to $13.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Anadarko Petroleum.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business earned ($0.89) earnings per share. The company’s revenue for the quarter was up 31.9% on a year-over-year basis.
Several equities research analysts have recently commented on APC shares. Cowen set a $70.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Thursday. Piper Jaffray Companies reissued a “buy” rating and issued a $64.00 target price on shares of Anadarko Petroleum in a research note on Tuesday, January 9th. Citigroup cut Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research note on Wednesday, January 3rd. Jefferies Group set a $61.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Royal Bank of Canada set a $63.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $65.48.
Several large investors have recently bought and sold shares of the company. Optimum Investment Advisors boosted its position in shares of Anadarko Petroleum by 0.9% in the 2nd quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock worth $523,000 after purchasing an additional 100 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its position in shares of Anadarko Petroleum by 0.8% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 24,849 shares of the oil and gas development company’s stock worth $1,127,000 after purchasing an additional 200 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Anadarko Petroleum by 12.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after purchasing an additional 402 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Anadarko Petroleum by 24.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,812 shares of the oil and gas development company’s stock worth $218,000 after purchasing an additional 932 shares during the last quarter. Finally, Frontier Wealth Management LLC boosted its position in shares of Anadarko Petroleum by 9.1% in the 2nd quarter. Frontier Wealth Management LLC now owns 12,003 shares of the oil and gas development company’s stock worth $544,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.
Shares of Anadarko Petroleum (APC) opened at $58.20 on Friday. Anadarko Petroleum has a twelve month low of $39.96 and a twelve month high of $71.97. The firm has a market capitalization of $31,840.00, a price-to-earnings ratio of -16.44 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. Anadarko Petroleum’s dividend payout ratio is currently -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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