Anadarko Petroleum Given Consensus Recommendation of “Buy” by Brokerages (NYSE:APC)
Anadarko Petroleum (NYSE:APC) has been given an average rating of “Buy” by the twenty-eight brokerages that are covering the company, Analyst Ratings Network.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 price target among brokers that have issued ratings on the stock in the last year is $119.26.
Shares of Anadarko Petroleum (NYSE:APC) opened at 109.74 on Tuesday. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $113.00. The stock’s 50-day moving average is $108.3 and its 200-day moving average is $98.30. The company’s market cap is $55.524 billion.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.05 earnings per share. Anadarko Petroleum’s revenue was up 26.9% compared to the same quarter last year. 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. Stockholders 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 0.98%. The ex-dividend date of this dividend is Monday, September 8th.
A number of analysts have recently weighed in on APC shares. 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 the company’s stock 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 legal filing with the SEC, which can be accessed through this link.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.