Anadarko Petroleum Co. (NASDAQ:APC) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Anadarko Petroleum Co. (NASDAQ:APC) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.80.

A number of analysts have issued reports on the company. Zacks Research raised Anadarko Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. UBS Group dropped their price objective on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Finally, Mizuho upgraded shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, October 2nd.

Insider Buying and Selling

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Anadarko Petroleum

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

Anadarko Petroleum Price Performance

Shares of NASDAQ:APC opened at $15.87 on Monday. The company has a market cap of $199.49 million and a P/E ratio of 23.00. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. Anadarko Petroleum has a 52 week low of $14.50 and a 52 week high of $21.72. The business has a fifty day simple moving average of $17.40 and a 200-day simple moving average of $18.72.

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. Anadarko Petroleum’s revenue for the quarter was up 27.4% on a year-over-year basis. Equities research analysts forecast that Anadarko Petroleum will post 0.94 EPS for the current year.

Anadarko Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were issued a $0.50 dividend. The ex-dividend date 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 yield of 12.6%. Anadarko Petroleum’s payout ratio is presently 289.86%.

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Its operations focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with additional activities in gathering, processing and other midstream services.

The company’s principal resource areas included U.S. onshore properties, particularly in the Delaware and DJ basins, as well as assets in the Gulf of Mexico.