Anadarko Petroleum Co. (NYSE:APC) had its price objective trimmed by Stifel Nicolaus from $73.00 to $72.00 in a research note issued to investors on Wednesday, November 1st, Marketbeat Ratings reports. The brokerage currently has a buy rating on the oil and gas development company’s stock.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Anadarko Petroleum from a hold rating to a sell rating in a report on Tuesday, July 11th. Citigroup Inc. decreased their target price on Anadarko Petroleum from $85.00 to $60.00 and set a buy rating for the company in a report on Friday, July 21st. Morgan Stanley set a $55.00 target price on Anadarko Petroleum and gave the company a hold rating in a report on Wednesday, October 18th. Cowen and Company set a $60.00 target price on Anadarko Petroleum and gave the company a buy rating in a report on Wednesday, July 19th. Finally, UBS AG upgraded Anadarko Petroleum from a neutral rating to an overweight rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Anadarko Petroleum has a consensus rating of Buy and a consensus target price of $67.27.
Shares of Anadarko Petroleum (APC) traded up $0.16 on Wednesday, reaching $48.31. The company’s stock had a trading volume of 3,632,411 shares, compared to its average volume of 5,021,385. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum has a 1-year low of $39.96 and a 1-year high of $73.33.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 24.56% and a negative return on equity of 25.27%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm posted ($0.89) EPS. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. sell-side analysts anticipate that Anadarko Petroleum will post -2.23 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -5.65%.
Anadarko Petroleum announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 20th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the oil and gas development company to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of APC. Artemis Investment Management LLP grew its holdings in Anadarko Petroleum by 8.0% during the 2nd quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock valued at $1,658,000 after buying an additional 2,698 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Anadarko Petroleum by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock worth $50,858,000 after purchasing an additional 17,411 shares during the period. Andra AP fonden boosted its holdings in shares of Anadarko Petroleum by 13.7% in the 2nd quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock worth $3,809,000 after purchasing an additional 10,100 shares during the period. Cipher Capital LP boosted its holdings in shares of Anadarko Petroleum by 364.8% in the 2nd quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock worth $6,367,000 after purchasing an additional 110,209 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Anadarko Petroleum by 30.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 424,746 shares of the oil and gas development company’s stock worth $19,258,000 after purchasing an additional 98,545 shares during the period. 88.68% of the stock is currently owned by institutional investors.
Anadarko Petroleum Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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