Anadarko Petroleum Receives Average Recommendation of “Buy” from Analysts (NYSE:APC)
Shares of Anadarko Petroleum (NYSE:APC) have been given a consensus recommendation of “Buy” by the twenty-eight analysts that are currently covering the stock, American Banking News.com reports. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $119.26.
Anadarko Petroleum (NYSE:APC) opened at 109.10 on Tuesday. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $113.00. The stock has a 50-day moving average of $108.1 and a 200-day moving average of $97.57. The company’s market cap is $55.200 billion.
Anadarko Petroleum (NYSE:APC) last released its earnings data on Tuesday, July 29th. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.02. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum will post $5.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, September 8th.
A number of research firms have recently commented on APC. Analysts at Argus raised their price target on shares of Anadarko Petroleum from $120.00 to $125.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Separately, analysts at Wed reiterated a “positive” rating on shares of Anadarko Petroleum in a research note on Monday, August 4th. Finally, analysts at Barclays raised their price target on shares of Anadarko Petroleum from $121.00 to $126.00 in a research note on Friday, August 1st. They now have an “equal weight” rating on the stock.
In other Anadarko Petroleum news, Director John R. Gordon unloaded 20,000 shares of Anadarko Petroleum stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $106.11, for a total value of $2,122,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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