Anadarko Petroleum (APC) Scheduled to Post Earnings on Tuesday
Anadarko Petroleum (NYSE:APC) is scheduled to be releasing its earnings data on Tuesday, May 6th. Persons interested in listening to the company’s earnings conference call can do so using this link.
Anadarko Petroleum (NYSE:APC) last released its earnings data on Tuesday, February 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.17. 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 previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts expect Anadarko Petroleum to post $5.10 EPS for the current fiscal year and $5.34 EPS for the next fiscal year.
Shares of Anadarko Petroleum (NYSE:APC) opened at 99.57 on Monday. Anadarko Petroleum has a 52-week low of $73.60 and a 52-week high of $103.50. The stock has a 50-day moving average of $92.4 and a 200-day moving average of $87.36. The company has a market cap of $50.160 billion and a price-to-earnings ratio of 63.01. Anadarko Petroleum also was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 12,717,649 shares, a growth of 42.8% from the March 31st total of 8,904,163 shares. Based on an average daily volume of 10,551,951 shares, the short-interest ratio is presently 1.2 days. Approximately 2.5% of the shares of the company are sold short.
A number of analysts have recently weighed in on APC shares. Analysts at Global Hunter Securities upgraded shares of Anadarko Petroleum from a “neutral” rating to an “accumulate” rating in a research note on Tuesday, April 29th. They now have a $115.00 price target on the stock, up previously from $108.00. On a related note, analysts at Guggenheim raised their price target on shares of Anadarko Petroleum from $120.00 to $127.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Finally, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Anadarko Petroleum in a research note on Tuesday, April 15th. They now have a $100.00 price target on the stock. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $111.73.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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