Anadarko Petroleum (NASDAQ:APC) Upgraded at Zacks Research

Zacks Research upgraded shares of Anadarko Petroleum (NASDAQ:APC) from a strong sell rating to a hold rating in a report released on Tuesday,Zacks reports.

A number of other analysts have also recently commented on APC. UBS Group cut their price target on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings raised Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Finally, Mizuho raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Anadarko Petroleum has an average rating of “Moderate Buy” and a consensus price target of $21.80.

Anadarko Petroleum Stock Up 0.2%

Anadarko Petroleum stock opened at $16.28 on Tuesday. The firm has a market cap of $204.64 million and a price-to-earnings ratio of 23.59. Anadarko Petroleum has a 52-week low of $14.50 and a 52-week high of $21.72. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.18. The firm has a 50 day moving average price of $18.17 and a two-hundred day moving average price of $18.87.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The firm had revenue of $1.84 billion for the quarter. Anadarko Petroleum’s quarterly revenue was up 27.4% compared to the same quarter last year. Equities analysts predict that Anadarko Petroleum will post 0.95 EPS for the current year.

Anadarko Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.26. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.3%. Anadarko Petroleum’s payout ratio is currently 289.86%.

Insider Transactions at Anadarko Petroleum

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Greenland Capital Management LP acquired a new position in shares of Anadarko Petroleum during the second quarter valued at about $264,000. Readystate Asset Management LP acquired a new stake in shares of Anadarko Petroleum in the 2nd quarter worth about $1,696,000. State Street Corp acquired a new stake in shares of Anadarko Petroleum in the 2nd quarter worth about $2,536,000. Finally, Citadel Advisors LLC bought a new position in Anadarko Petroleum in the 2nd quarter valued at about $4,579,000.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company explored for, developed and produced crude oil, natural gas and natural gas liquids, with operations focused primarily on onshore and offshore properties.

Anadarko’s U.S. activities included the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company held exploration and production interests in areas including Algeria, Ghana, Mozambique and South Africa.