Anadarko Petroleum (APC) Research Coverage Started at SunTrust Banks

Research analysts at SunTrust Banks started coverage on shares of Anadarko Petroleum (NYSE:APC) in a research report issued on Friday, MarketBeat Ratings reports. The firm set a “hold” rating and a $70.00 price target on the oil and gas development company’s stock. SunTrust Banks’ price target indicates a potential downside of 0.81% from the company’s previous close. SunTrust Banks also issued estimates for Anadarko Petroleum’s FY2018 earnings at $3.50 EPS and FY2019 earnings at $4.99 EPS.

A number of other analysts have also commented on the stock. Credit Suisse Group set a $71.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and issued a $76.00 target price (up previously from $73.00) on shares of Anadarko Petroleum in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, February 14th. Cowen set a $70.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Piper Jaffray set a $72.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Sunday, February 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.60.

Shares of APC stock opened at $70.57 on Friday. The firm has a market cap of $36.64 billion, a price-to-earnings ratio of -36.01, a price-to-earnings-growth ratio of 2.90 and a beta of 1.26. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.17 and a quick ratio of 1.17. Anadarko Petroleum has a 12 month low of $39.96 and a 12 month high of $71.65.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.14 billion. Anadarko Petroleum had a negative net margin of 0.15% and a negative return on equity of 3.44%. Anadarko Petroleum’s quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.60) EPS. analysts forecast that Anadarko Petroleum will post 2.45 EPS for the current year.

Anadarko Petroleum declared that its Board of Directors has authorized a share buyback program on Wednesday, February 7th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas development company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Several large investors have recently modified their holdings of the stock. Wedbush Securities Inc. boosted its holdings in shares of Anadarko Petroleum by 15.7% in the 1st quarter. Wedbush Securities Inc. now owns 5,623 shares of the oil and gas development company’s stock worth $340,000 after buying an additional 763 shares during the last quarter. Oxbow Advisors LLC boosted its holdings in shares of Anadarko Petroleum by 1.9% in the 1st quarter. Oxbow Advisors LLC now owns 40,993 shares of the oil and gas development company’s stock worth $2,476,000 after buying an additional 764 shares during the last quarter. Investment Management of Virginia LLC boosted its holdings in shares of Anadarko Petroleum by 1.8% in the 1st quarter. Investment Management of Virginia LLC now owns 44,804 shares of the oil and gas development company’s stock worth $2,707,000 after buying an additional 774 shares during the last quarter. Seaward Management Limited Partnership boosted its holdings in shares of Anadarko Petroleum by 17.5% in the 4th quarter. Seaward Management Limited Partnership now owns 5,764 shares of the oil and gas development company’s stock worth $309,000 after buying an additional 860 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Anadarko Petroleum by 6.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,317 shares of the oil and gas development company’s stock worth $865,000 after buying an additional 863 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

About Anadarko Petroleum

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).

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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