Shares of Anadarko Petroleum Co. (NYSE:APC) have received a consensus rating of “Buy” from the twenty-seven research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $67.74.
APC has been the topic of several analyst reports. Stifel Nicolaus reduced their price objective on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Scotiabank reissued a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum in a research note on Wednesday, November 1st. BMO Capital Markets raised shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating and upped their price target for the company from $53.00 to $57.00 in a research report on Friday, November 17th. Barclays upped their price target on shares of Anadarko Petroleum from $37.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Finally, Credit Suisse Group assumed coverage on shares of Anadarko Petroleum in a research report on Monday, December 11th. They set an “outperform” rating and a $61.00 price target on the stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fis Group Inc. acquired a new position in shares of Anadarko Petroleum during the third quarter valued at about $107,000. Stelac Advisory Services LLC acquired a new position in shares of Anadarko Petroleum during the third quarter valued at about $107,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Anadarko Petroleum during the third quarter valued at about $116,000. Avestar Capital LLC acquired a new position in shares of Anadarko Petroleum during the fourth quarter valued at about $129,000. Finally, Cerebellum GP LLC acquired a new position in shares of Anadarko Petroleum during the fourth quarter valued at about $131,000. Hedge funds and other institutional investors own 83.82% of the company’s stock.
Shares of Anadarko Petroleum (NYSE APC) opened at $59.18 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.13. Anadarko Petroleum has a one year low of $39.96 and a one year high of $68.09. The firm has a market cap of $32,380.00, a price-to-earnings ratio of -19.93, a P/E/G ratio of 4.40 and a beta of 1.42.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm posted ($0.50) earnings per share. Anadarko Petroleum’s revenue for the quarter was up 22.7% on a year-over-year basis. analysts forecast that Anadarko Petroleum will post 1.35 EPS for the current year.
Anadarko Petroleum declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 7th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio is currently -6.73%.
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About Anadarko Petroleum
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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