Anadarko Petroleum (NYSE:APC) had its price objective decreased by Morgan Stanley from $83.00 to $76.00 in a report released on Tuesday morning, MarketBeat.com reports. Morgan Stanley currently has a hold rating on the oil and gas development company’s stock.
A number of other research analysts also recently commented on the stock. Piper Jaffray Companies reaffirmed a buy rating and issued a $87.00 target price on shares of Anadarko Petroleum in a research report on Monday. Credit Suisse Group set a $89.00 target price on shares of Anadarko Petroleum and gave the company a buy rating in a research report on Friday, November 16th. Mitsubishi UFJ Financial Group dropped their target price on shares of Anadarko Petroleum to $92.00 and set an overweight rating on the stock in a research report on Friday, November 16th. Jefferies Financial Group increased their target price on shares of Anadarko Petroleum from $84.00 to $90.00 and gave the company a buy rating in a research report on Friday, November 16th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating on shares of Anadarko Petroleum in a research report on Friday, November 16th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $80.80.
Shares of APC opened at $52.75 on Tuesday. Anadarko Petroleum has a twelve month low of $46.80 and a twelve month high of $76.70. The firm has a market capitalization of $28.04 billion, a PE ratio of -26.91, a PEG ratio of 1.65 and a beta of 1.45. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business posted ($0.77) earnings per share. Anadarko Petroleum’s revenue for the quarter was up 48.1% compared to the same quarter last year. Equities analysts expect that Anadarko Petroleum will post 2.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be given a dividend of $0.30 per share. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, December 11th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -51.02%.
Institutional investors have recently modified their holdings of the business. TRUE Private Wealth Advisors purchased a new stake in shares of Anadarko Petroleum in the third quarter valued at about $163,000. Moneta Group Investment Advisors LLC purchased a new stake in shares of Anadarko Petroleum in the second quarter valued at about $170,000. Lido Advisors LLC purchased a new stake in shares of Anadarko Petroleum in the second quarter valued at about $202,000. Beaton Management Co. Inc. purchased a new stake in shares of Anadarko Petroleum in the second quarter valued at about $202,000. Finally, Quest Investment Management LLC purchased a new stake in shares of Anadarko Petroleum in the second quarter valued at about $203,000. 87.15% of the stock is currently owned by institutional investors.
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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