Anadarko Petroleum Corporation (APC) to Release Quarterly Earnings on Monday
Anadarko Petroleum Corporation (NYSE:APC) will release its earnings data after the market closes on Monday, July 24th. Analysts expect Anadarko Petroleum Corporation to post earnings of ($0.25) per share for the quarter.
Anadarko Petroleum Corporation (NYSE:APC) last posted its earnings results on Tuesday, May 2nd. The oil and gas development company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.34. Anadarko Petroleum Corporation had a negative net margin of 23.64% and a negative return on equity of 8.94%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, analysts expect Anadarko Petroleum Corporation to post $-1.15 EPS for the current fiscal year and $-0.3 EPS for the next fiscal year.
Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 44.73 on Monday. Anadarko Petroleum Corporation has a 52-week low of $42.58 and a 52-week high of $73.33. The company’s 50-day moving average is $49.05 and its 200-day moving average is $60.97. The stock’s market cap is $25.06 billion.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, June 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -4.45%.
APC has been the subject of several analyst reports. UBS AG reiterated a “buy” rating and set a $80.00 price target on shares of Anadarko Petroleum Corporation in a report on Monday, May 15th. Stifel Nicolaus reiterated a “buy” rating and set a $81.00 price target (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a report on Friday, May 12th. Bank of America Corporation reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a report on Thursday, May 11th. KLR Group boosted their price target on shares of Anadarko Petroleum Corporation from $82.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Finally, Royal Bank Of Canada set a $84.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Thursday, April 20th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $74.41.
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In other news, Chairman R A. Walker purchased 19,300 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the purchase, the chairman now directly owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony R. Chase purchased 1,905 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average cost of $52.48 per share, for a total transaction of $99,974.40. Following the completion of the purchase, the director now directly owns 23,636 shares in the company, valued at $1,240,417.28. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,205 shares of company stock worth $2,136,700 over the last ninety days. 0.45% of the stock is owned by corporate insiders.
About Anadarko Petroleum Corporation
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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