Anadarko Petroleum Corp. (APC) Forecasted to Earn Q3 2016 Earnings of ($0.68) Per Share
Anadarko Petroleum Corp. (NYSE:APC) – Equities researchers at Credit Agricole SA issued their Q3 2016 earnings estimates for shares of Anadarko Petroleum Corp. in a research report issued on Wednesday. Credit Agricole SA analyst A. Sen forecasts that the firm will earn ($0.68) per share for the quarter. Credit Agricole SA currently has a “Underperform” rating and a $60.00 target price on the stock.
APC has been the subject of several other reports. Credit Suisse Group AG upped their target price on Anadarko Petroleum Corp. to $68.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $55.00 price target on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. Vetr raised Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $54.50 price target on the stock in a research note on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Thursday, October 6th. Finally, Zacks Investment Research lowered Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $69.11.
Anadarko Petroleum Corp. (NYSE:APC) traded down 0.09% during trading on Thursday, reaching $63.87. The company’s stock had a trading volume of 1,731,729 shares. The stock has a 50 day moving average price of $59.11 and a 200 day moving average price of $53.61. The stock’s market capitalization is $32.60 billion. Anadarko Petroleum Corp. has a 1-year low of $28.16 and a 1-year high of $73.87.
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Anadarko Petroleum Corp. (NYSE:APC) last posted its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative return on equity of 9.88% and a negative net margin of 71.09%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was down 27.4% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the company. Kanaly Trust Co boosted its stake in Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 614 shares during the last quarter. Financial Architects Inc boosted its stake in Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 950 shares during the last quarter. Security National Trust Co. boosted its stake in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock worth $114,000 after buying an additional 100 shares during the last quarter. Stelac Advisory Services LLC bought a new stake in Anadarko Petroleum Corp. during the second quarter worth $117,000. Finally, Signaturefd LLC boosted its stake in Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock worth $122,000 after buying an additional 226 shares during the last quarter. 78.98% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.31%. Anadarko Petroleum Corp.’s dividend payout ratio is presently -1.95%.
About Anadarko Petroleum Corp.
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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