Anadarko Petroleum Corp. (APC) Releases Quarterly Earnings Results
Anadarko Petroleum Corp. (NYSE:APC) issued its quarterly earnings data on Tuesday. The company reported $0.74 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.91 by $0.17, Analyst Ratings.Net reports. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis.
A number of research firms have recently commented on APC. Analysts at Cowen and Company initiated coverage on shares of Anadarko Petroleum Corp. in a research note to investors on Monday, January 27th. They set an “outperform” rating on the stock. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Anadarko Petroleum Corp. in a research note to investors on Tuesday, January 14th. Finally, analysts at TheStreet downgraded shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $103.32.
Anadarko Petroleum Corp. (NYSE:APC) opened at 78.17 on Tuesday. Anadarko Petroleum Corp. has a 52-week low of $73.60 and a 52-week high of $98.47. The stock has a 50-day moving average of $79.87 and a 200-day moving average of $88.86. The company has a market cap of $39.340 billion and a P/E ratio of 23.02.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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