Cowen reiterated their buy rating on shares of Anadarko Petroleum (NYSE:APC) in a report released on Wednesday morning, AnalystRatings.com reports. The brokerage currently has a $71.00 price objective on the oil and gas development company’s stock.
Other equities research analysts also recently issued reports about the company. Mitsubishi UFJ Financial Group decreased their price objective on Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. Citigroup began coverage on Anadarko Petroleum in a report on Monday, April 1st. They issued a buy rating and a $65.00 price objective for the company. Credit Suisse Group reaffirmed a buy rating and set a $73.00 price target on shares of Anadarko Petroleum in a report on Wednesday, December 19th. Guggenheim set a $69.00 price target on Anadarko Petroleum and gave the stock a buy rating in a report on Friday, February 22nd. Finally, Mizuho reaffirmed a buy rating and set a $55.00 price target on shares of Anadarko Petroleum in a report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company. Anadarko Petroleum presently has a consensus rating of Hold and an average target price of $72.00.
APC stock opened at $64.18 on Wednesday. The company has a market capitalization of $32.06 billion, a PE ratio of 28.40, a PEG ratio of 5.99 and a beta of 1.55. Anadarko Petroleum has a twelve month low of $40.40 and a twelve month high of $76.70. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.81 and a quick ratio of 0.81.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.19). The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. Anadarko Petroleum’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. On average, sell-side analysts predict that Anadarko Petroleum will post 1.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, March 12th. Anadarko Petroleum’s dividend payout ratio is presently 53.10%.
Institutional investors have recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. grew its holdings in Anadarko Petroleum by 1.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 147,053 shares of the oil and gas development company’s stock valued at $9,913,000 after buying an additional 1,955 shares during the period. Bank of New York Mellon Corp grew its holdings in Anadarko Petroleum by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock valued at $544,639,000 after buying an additional 138,019 shares during the period. LPL Financial LLC grew its holdings in Anadarko Petroleum by 1.3% in the 3rd quarter. LPL Financial LLC now owns 112,013 shares of the oil and gas development company’s stock valued at $7,551,000 after buying an additional 1,412 shares during the period. Vident Investment Advisory LLC grew its holdings in Anadarko Petroleum by 46.8% in the 3rd quarter. Vident Investment Advisory LLC now owns 4,442 shares of the oil and gas development company’s stock valued at $300,000 after buying an additional 1,417 shares during the period. Finally, IndexIQ Advisors LLC grew its holdings in Anadarko Petroleum by 66.8% in the 3rd quarter. IndexIQ Advisors LLC now owns 5,518 shares of the oil and gas development company’s stock valued at $372,000 after buying an additional 2,209 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.
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).
See Also: Systematic Risk
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