Anadarko Petroleum Co. (NYSE:APC) has received a consensus recommendation of “Buy” from the twenty-six brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $81.75.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Monday, October 22nd. Guggenheim restated a “buy” rating and set a $79.00 price target on shares of Anadarko Petroleum in a research report on Thursday. Jefferies Financial Group decreased their price target on Anadarko Petroleum from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday. Seaport Global Securities restated a “buy” rating on shares of Anadarko Petroleum in a research report on Wednesday, July 25th. Finally, Mitsubishi UFJ Financial Group increased their price target on Anadarko Petroleum to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 19th.
NYSE APC traded down $1.42 during trading hours on Friday, reaching $53.44. 132,521 shares of the company’s stock were exchanged, compared to its average volume of 4,119,765. The firm has a market cap of $28.91 billion, a PE ratio of -27.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.26. Anadarko Petroleum has a one year low of $46.80 and a one year high of $76.70. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.85 and a quick ratio of 0.85.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a return on equity of 8.70% and a net margin of 11.49%. The firm’s revenue was up 48.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.77) earnings per share. As a group, equities analysts expect that Anadarko Petroleum will post 3.06 earnings per share for the current year.
Anadarko Petroleum declared that its Board of Directors has approved a share buyback plan on Monday, July 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Suntrust Banks Inc. boosted its position in Anadarko Petroleum by 2.3% in the 1st quarter. Suntrust Banks Inc. now owns 33,039 shares of the oil and gas development company’s stock valued at $1,994,000 after buying an additional 755 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Anadarko Petroleum by 9.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,845 shares of the oil and gas development company’s stock valued at $648,000 after purchasing an additional 762 shares during the period. Sumitomo Life Insurance Co. lifted its stake in shares of Anadarko Petroleum by 5.2% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,838 shares of the oil and gas development company’s stock valued at $1,160,000 after purchasing an additional 776 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Anadarko Petroleum by 7.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 10,997 shares of the oil and gas development company’s stock valued at $806,000 after purchasing an additional 806 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Anadarko Petroleum by 11.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 7,995 shares of the oil and gas development company’s stock valued at $586,000 after purchasing an additional 807 shares during the period. Hedge funds and other institutional investors own 85.95% of the company’s stock.
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).
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