Anadarko Petroleum Co. (NYSE:APC) – Equities researchers at Capital One Financial issued their Q1 2019 earnings estimates for Anadarko Petroleum in a research note issued to investors on Tuesday, December 4th. Capital One Financial analyst P. Johnston anticipates that the oil and gas development company will earn $0.84 per share for the quarter. Capital One Financial also issued estimates for Anadarko Petroleum’s Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.85 EPS and Q4 2019 earnings at $0.86 EPS.
A number of other analysts have also weighed in on APC. Citigroup reduced their target price on Anadarko Petroleum from $76.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, August 13th. Johnson Rice lowered Anadarko Petroleum from a “buy” rating to an “accumulate” rating in a research note on Wednesday, August 15th. Barclays started coverage on Anadarko Petroleum in a research note on Wednesday, August 29th. They issued an “overweight” rating and a $77.00 target price on the stock. Stifel Nicolaus set a $82.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Finally, Morgan Stanley reduced their target price on Anadarko Petroleum from $86.00 to $82.00 and set a “hold” rating on the stock in a research note on Tuesday, September 4th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $79.67.
APC stock opened at $52.06 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87. Anadarko Petroleum has a twelve month low of $47.37 and a twelve month high of $76.70. The firm has a market capitalization of $26.72 billion, a price-to-earnings ratio of -26.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.49.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business earned ($0.77) EPS. The business’s revenue for the quarter was up 48.1% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in APC. Cornerstone Wealth Management LLC purchased a new position in shares of Anadarko Petroleum during the second quarter valued at $342,000. Raymond James Financial Services Advisors Inc. boosted its position in Anadarko Petroleum by 3.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,305 shares of the oil and gas development company’s stock valued at $3,099,000 after purchasing an additional 1,411 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Anadarko Petroleum by 16.0% during the second quarter. Commonwealth Equity Services LLC now owns 30,780 shares of the oil and gas development company’s stock valued at $2,255,000 after purchasing an additional 4,238 shares in the last quarter. LMR Partners LLP bought a new stake in Anadarko Petroleum during the second quarter valued at about $1,627,000. Finally, Virginia Retirement Systems ET AL boosted its position in Anadarko Petroleum by 972.3% during the second quarter. Virginia Retirement Systems ET AL now owns 89,000 shares of the oil and gas development company’s stock valued at $6,519,000 after purchasing an additional 80,700 shares in the last quarter. Hedge funds and other institutional investors own 85.01% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -51.02%.
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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