Anadarko Petroleum Co. (NYSE:APC) shares reached a new 52-week high and low during trading on Thursday . The stock traded as low as $67.24 and last traded at $66.35, with a volume of 2253097 shares traded. The stock had previously closed at $66.35.
Several research firms have commented on APC. Piper Jaffray restated a “buy” rating and issued a $77.00 target price on shares of Anadarko Petroleum in a research report on Wednesday. Royal Bank of Canada set a $79.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Friday, April 13th. Stifel Nicolaus set a $73.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, January 29th. Morgan Stanley upped their target price on shares of Anadarko Petroleum from $55.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Credit Suisse Group set a $71.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.15.
The company has a market cap of $34,111.13, a P/E ratio of -33.75, a P/E/G ratio of 3.71 and a beta of 1.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.73 and a current ratio of 1.73.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, beating 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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned ($0.50) earnings per share. The business’s quarterly revenue was up 22.7% on a year-over-year basis. research analysts anticipate that Anadarko Petroleum Co. will post 1.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 13th. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 annualized dividend and a yield of 1.51%. Anadarko Petroleum’s dividend payout ratio is currently -51.02%.
Anadarko Petroleum announced that its board has approved a stock repurchase plan on Wednesday, February 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the oil and gas development company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
Hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in Anadarko Petroleum during the third quarter valued at approximately $116,000. Avestar Capital LLC acquired a new stake in Anadarko Petroleum during the fourth quarter valued at approximately $129,000. Cerebellum GP LLC acquired a new stake in Anadarko Petroleum during the fourth quarter valued at approximately $131,000. Resources Investment Advisors Inc. acquired a new stake in Anadarko Petroleum during the fourth quarter valued at approximately $142,000. Finally, Clear Perspective Advisors LLC lifted its stake in Anadarko Petroleum by 166.7% during the fourth quarter. Clear Perspective Advisors LLC now owns 3,200 shares of the oil and gas development company’s stock valued at $172,000 after purchasing an additional 2,000 shares during the last quarter. 88.01% of the stock is owned by institutional investors and hedge funds.
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Anadarko Petroleum Company Profile
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).
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