Anadarko Petroleum’s (APC) “Buy” Rating Reiterated at Mizuho

Mizuho reiterated their buy rating on shares of Anadarko Petroleum (NYSE:APC) in a research report sent to investors on Tuesday. Mizuho currently has a $74.00 price target on the oil and gas development company’s stock.

Several other brokerages also recently weighed in on APC. Morgan Stanley lowered their target price on shares of Anadarko Petroleum from $86.00 to $82.00 and set a hold rating for the company in a research note on Tuesday, September 4th. Mitsubishi UFJ Financial Group lowered their price objective on shares of Anadarko Petroleum to $92.00 and set an overweight rating for the company in a research note on Friday, November 16th. Piper Jaffray Companies set a $85.00 price objective on shares of Anadarko Petroleum and gave the stock a buy rating in a research note on Sunday, September 30th. Jefferies Financial Group lowered their price objective on shares of Anadarko Petroleum from $86.00 to $84.00 and set a buy rating for the company in a research note on Thursday, November 1st. Finally, Credit Suisse Group set a $89.00 price objective on shares of Anadarko Petroleum and gave the stock a buy rating in a research note on Friday, November 16th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Anadarko Petroleum currently has a consensus rating of Buy and a consensus target price of $80.35.

Shares of APC opened at $51.59 on Tuesday. The company has a market capitalization of $26.72 billion, a price-to-earnings ratio of -26.32, a PEG ratio of 1.34 and a beta of 1.49. Anadarko Petroleum has a twelve month low of $46.80 and a twelve month high of $76.70. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. Anadarko Petroleum’s revenue was up 48.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.77) earnings per share. On average, equities analysts predict that Anadarko Petroleum will post 2.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, December 11th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s dividend payout ratio (DPR) is -51.02%.

Several institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in shares of Anadarko Petroleum during the third quarter worth $11,452,000. Belpointe Asset Management LLC purchased a new position in shares of Anadarko Petroleum during the third quarter worth $135,000. Morgan Stanley raised its holdings in shares of Anadarko Petroleum by 9.4% during the third quarter. Morgan Stanley now owns 1,607,736 shares of the oil and gas development company’s stock worth $108,377,000 after purchasing an additional 138,238 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Anadarko Petroleum by 0.8% during the third quarter. Legal & General Group Plc now owns 2,258,709 shares of the oil and gas development company’s stock worth $152,245,000 after purchasing an additional 18,118 shares during the last quarter. Finally, Standard Life Aberdeen plc raised its holdings in shares of Anadarko Petroleum by 4.0% during the third quarter. Standard Life Aberdeen plc now owns 1,897,286 shares of the oil and gas development company’s stock worth $127,905,000 after purchasing an additional 72,733 shares during the last quarter. 85.01% of the stock is owned by hedge funds and other 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).

Further Reading: What is a conference call?

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply