Anadarko Petroleum Corp. (APC) Shares Up 3.4%
Anadarko Petroleum Corp. (NYSE:APC) shares were up 3.4% during trading on Wednesday . The company traded as high as $60.59 and last traded at $60.25, with a volume of 3,580,390 shares. The stock had previously closed at $58.28.
A number of research analysts have commented on APC shares. Argus reaffirmed a “buy” rating and set a $56.00 target price on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 24th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Thursday, June 30th. Vetr raised Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $54.50 target price on the stock in a report on Monday, June 27th. Bank of America Corp. reaffirmed a “buy” rating and set a $95.00 target price (up previously from $85.00) on shares of Anadarko Petroleum Corp. in a report on Tuesday, June 21st. Finally, Drexel Hamilton started coverage on Anadarko Petroleum Corp. in a report on Wednesday, June 8th. They set a “buy” rating and a $108.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $68.32.
The company has a 50-day moving average price of $55.19 and a 200-day moving average price of $51.86. The firm’s market cap is $31.17 billion.
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Anadarko Petroleum Corp. (NYSE:APC) last released its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.20. The firm earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Anadarko Petroleum Corp. had a negative return on equity of 9.88% and a negative net margin of 71.09%. The company’s revenue was down 27.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. Equities research analysts predict that Anadarko Petroleum Corp. will post ($2.64) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is presently -1.95%.
Institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in Anadarko Petroleum Corp. by 0.8% in the first quarter. Prudential Financial Inc. now owns 648,419 shares of the oil and gas development company’s stock worth $30,197,000 after buying an additional 5,100 shares during the period. Ngam Advisors L.P. boosted its position in Anadarko Petroleum Corp. by 10.0% in the first quarter. Ngam Advisors L.P. now owns 241,123 shares of the oil and gas development company’s stock worth $11,229,000 after buying an additional 22,007 shares during the period. Icon Advisers Inc. Co. boosted its position in Anadarko Petroleum Corp. by 5.4% in the first quarter. Icon Advisers Inc. Co. now owns 135,100 shares of the oil and gas development company’s stock worth $6,292,000 after buying an additional 6,900 shares during the period. IFP Advisors Inc boosted its position in Anadarko Petroleum Corp. by 67.6% in the first quarter. IFP Advisors Inc now owns 2,836 shares of the oil and gas development company’s stock worth $132,000 after buying an additional 1,144 shares during the period. Finally, ICM Asset Management Inc. WA purchased a new position in Anadarko Petroleum Corp. during the first quarter worth about $387,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.
Anadarko Petroleum Corp. Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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