Anadarko Petroleum Corp. Reaches New 12-Month High at $96.75 (APC)
Shares of Anadarko Petroleum Corp. (NYSE:APC) hit a new 52-week high on Friday, Analyst Ratings Network reports. The company traded as high as $96.75 and last traded at $95.00, with a volume of 2,429,821 shares trading hands. The stock had previously closed at $95.53.
A number of research firms have recently commented on APC. Analysts at Sanford C. Bernstein raised their price target on shares of Anadarko Petroleum Corp. (NYSE:APC) from $98.00 to $105.00 in a research note to investors on Friday, September 6th. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. (NYSE:APC) in a research note to investors on Tuesday, August 27th. They now have a $108.00 price target on the stock, up previously from $105.00. Finally, analysts at Guggenheim raised their price target on shares of Anadarko Petroleum Corp. (NYSE:APC) from $120.00 to $122.00 in a research note to investors on Monday, August 26th. They now have a “buy” rating on the stock.
Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $105.39.
In other Anadarko Petroleum Corp. news, Director John Gordon sold 20,000 shares of the stock on the open market in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $92.50, for a total transaction of $1,850,000.00. Following the completion of the sale, the director now directly owns 164,543 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Anadarko Petroleum Corp. has a 52-week low of $65.82 and a 52-week high of $95.73. The stock’s 50-day moving average is $90.69 and its 200-day moving average is $87.20. The company has a market cap of $47.636 billion and a price-to-earnings ratio of 28.19. Anadarko Petroleum Corp. also saw some unusual options trading activity on Thursday. Stock investors bought 24,964 call options on the stock. This represents an increase of approximately 105% compared to the typical daily volume of 12,170 call options.
Anadarko Petroleum Corp. (NYSE:APC) last announced its earnings results on Monday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that Anadarko Petroleum Corp. will post $4.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 25th. Investors of record on Wednesday, September 11th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Monday, September 9th. This is an increase from Anadarko Petroleum Corp.’s previous quarterly dividend of $0.09.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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