Anadarko Petroleum Reaches New 1-Year High at $113.51 (APC)
Anadarko Petroleum (NYSE:APC) hit a new 52-week high on Tuesday , Analyst Ratings Network.com reports. The stock traded as high as $113.51 and last traded at $112.59, with a volume of 1,374,994 shares. The stock had previously closed at $111.97.
APC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum in a research note on Tuesday. They now have a $118.00 price target on the stock. Separately, 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. Finally, analysts at Wed reiterated a “positive” rating on shares of Anadarko Petroleum in a research note on Monday, August 4th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $119.21.
The stock has a 50-day moving average of $108.4 and a 200-day moving average of $98.81. The company’s market cap is $56.903 billion.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results 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. Analysts expect that Anadarko Petroleum will post $5.45 EPS 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 0.96%. The ex-dividend date is Monday, September 8th.
In other Anadarko Petroleum news, Director John R. Gordon unloaded 20,000 shares of Anadarko Petroleum stock in a transaction that occurred on Wednesday, August 13th. The stock was 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.
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