Anadarko Petroleum Corp. (APC) Upgraded to Buy at Deutsche Bank AG
Anadarko Petroleum Corp. (NYSE:APC) was upgraded by investment analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.
Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. set a $70.00 target price on Anadarko Petroleum Corp. and gave the company a “buy” rating in a report on Saturday, September 17th. Zacks Investment Research downgraded Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Iberia Capital reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 27th. BMO Capital Markets reissued a “hold” rating and issued a $55.00 target price on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 27th. Finally, Credit Suisse Group AG raised their target price on Anadarko Petroleum Corp. to $68.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $68.69.
Anadarko Petroleum Corp. (NYSE:APC) opened at 63.93 on Thursday. The firm’s market cap is $32.63 billion. The firm has a 50-day moving average of $59.11 and a 200-day moving average of $53.61. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $73.87.
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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) EPS for the quarter, beating analysts’ consensus estimates 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 earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $0.01 earnings per share. Anadarko Petroleum Corp.’s quarterly revenue was down 27.4% compared to the same quarter last year. Equities analysts anticipate that Anadarko Petroleum Corp. will post ($2.71) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.31%. The ex-dividend date was Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is presently -1.95%.
A number of large investors have recently bought and sold shares of the company. Kanaly Trust Co increased 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 valued at $107,000 after buying an additional 614 shares in the last quarter. Financial Architects Inc increased 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 valued at $107,000 after buying an additional 950 shares in the last quarter. Security National Trust Co. increased 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 valued at $114,000 after buying an additional 100 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in Anadarko Petroleum Corp. during the second quarter valued at about $117,000. Finally, Signaturefd LLC increased 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 valued at $122,000 after buying an additional 226 shares in the last quarter. Institutional investors own 78.98% 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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