Anadarko Petroleum Co. (NASDAQ:APC) Receives Consensus Recommendation of “Hold” from Analysts

Anadarko Petroleum Co. (NASDAQ:APC) has received an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $21.80.

APC has been the topic of a number of research analyst reports. Mizuho increased their price target on Anadarko Petroleum from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Zacks Research lowered shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “sell (e)” rating on shares of Anadarko Petroleum in a research report on Tuesday, August 25th. Finally, UBS Group cut their target price on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th.

Institutional Trading of Anadarko Petroleum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APC. Citadel Advisors LLC acquired a new position in Anadarko Petroleum during the 2nd quarter worth approximately $4,579,000. California State Teachers Retirement System bought a new position in Anadarko Petroleum in the second quarter worth approximately $60,000. Greenland Capital Management LP acquired a new stake in Anadarko Petroleum in the second quarter valued at approximately $264,000. Finally, Readystate Asset Management LP acquired a new stake in Anadarko Petroleum in the second quarter valued at approximately $1,696,000.

Anadarko Petroleum Stock Performance

APC stock opened at $18.99 on Friday. Anadarko Petroleum has a 1-year low of $17.00 and a 1-year high of $21.72. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $19.38 and a 200-day moving average price of $19.11. The firm has a market cap of $238.70 million and a PE ratio of 27.52.

Anadarko Petroleum (NASDAQ:APC) last released its earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $1.84 billion during the quarter. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. As a group, equities research analysts expect that Anadarko Petroleum will post 0.95 earnings per share for the current year.

Anadarko Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.50 per share. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.26. This represents a $2.00 annualized dividend and a dividend yield of 10.5%. The ex-dividend date was Tuesday, August 18th. Anadarko Petroleum’s dividend payout ratio (DPR) is currently 289.86%.

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.