Wall Street analysts predict that Anadarko Petroleum Co. (NYSE:APC) will post $2.94 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Anadarko Petroleum’s earnings. The lowest sales estimate is $2.54 billion and the highest is $3.19 billion. Anadarko Petroleum posted sales of $3.77 billion during the same quarter last year, which suggests a negative year over year growth rate of 22%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Anadarko Petroleum will report full-year sales of $2.94 billion for the current financial year, with estimates ranging from $10.29 billion to $13.61 billion. For the next financial year, analysts forecast that the business will report sales of $13.54 billion per share, with estimates ranging from $11.52 billion to $14.63 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Anadarko Petroleum.
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 Thomson Reuters’ 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 firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business earned ($0.50) EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis.
Several equities analysts have recently weighed in on APC shares. TheStreet upgraded shares of Anadarko Petroleum from a “d+” rating to a “c” rating in a research note on Tuesday, February 6th. Scotiabank set a $62.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Saturday, November 25th. Royal Bank of Canada set a $63.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Wednesday, December 20th. BMO Capital Markets raised their target price on shares of Anadarko Petroleum from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Barclays raised their target price 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. Anadarko Petroleum has an average rating of “Buy” and a consensus target price of $67.80.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in Anadarko Petroleum by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 14,853,841 shares of the oil and gas development company’s stock valued at $796,760,000 after buying an additional 1,723,576 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Anadarko Petroleum by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,257,355 shares of the oil and gas development company’s stock valued at $501,380,000 after buying an additional 619,056 shares in the last quarter. Geode Capital Management LLC grew its holdings in Anadarko Petroleum by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 5,382,643 shares of the oil and gas development company’s stock valued at $288,074,000 after buying an additional 48,739 shares in the last quarter. Boston Partners grew its holdings in Anadarko Petroleum by 20.5% during the 4th quarter. Boston Partners now owns 4,399,407 shares of the oil and gas development company’s stock valued at $235,984,000 after buying an additional 748,309 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Anadarko Petroleum by 2.8% during the 4th quarter. Bessemer Group Inc. now owns 2,767,247 shares of the oil and gas development company’s stock valued at $148,436,000 after buying an additional 74,461 shares in the last quarter. 88.19% of the stock is owned by institutional investors and hedge funds.
Shares of Anadarko Petroleum (APC) traded up $0.62 during trading hours on Tuesday, hitting $58.53. 4,680,811 shares of the stock traded hands, compared to its average volume of 5,633,152. Anadarko Petroleum has a 52-week low of $39.96 and a 52-week high of $64.15. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.13. The company has a market cap of $31,380.00, a PE ratio of -19.71, a PEG ratio of 3.77 and a beta of 1.40.
Anadarko Petroleum announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, March 13th. Anadarko Petroleum’s dividend payout ratio (DPR) is -33.67%.
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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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