Analysts forecast that Anadarko Petroleum Corporation (NYSE:APC) will report sales of $2.42 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Anadarko Petroleum Corporation’s earnings. The highest sales estimate is $2.63 billion and the lowest is $2.11 billion. Anadarko Petroleum Corporation reported sales of $1.89 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 28%. The business is scheduled to report its next earnings report after the market closes on Tuesday, October 31st.

On average, analysts expect that Anadarko Petroleum Corporation will report full-year sales of $2.42 billion for the current year, with estimates ranging from $9.73 billion to $12.23 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.94 billion per share, with estimates ranging from $9.35 billion to $13.05 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Anadarko Petroleum Corporation.

Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.42). The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.60) earnings per share.

Several brokerages recently issued reports on APC. Scotiabank reaffirmed a “buy” rating and set a $66.00 target price on shares of Anadarko Petroleum Corporation in a research report on Friday, June 30th. Royal Bank Of Canada set a $78.00 price target on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC set a $62.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Cowen and Company set a $60.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Citigroup Inc. dropped their target price on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Anadarko Petroleum Corporation has a consensus rating of “Buy” and a consensus target price of $70.08.

Anadarko Petroleum Corporation (NYSE:APC) opened at 49.27 on Wednesday. The stock has a 50 day moving average of $44.05 and a 200 day moving average of $49.52. The company’s market cap is $27.61 billion. Anadarko Petroleum Corporation has a 52 week low of $39.96 and a 52 week high of $73.33.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is presently -5.14%.

Anadarko Petroleum Corporation declared that its Board of Directors has approved a share buyback program on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of large investors have recently made changes to their positions in the stock. Assetmark Inc. increased its position in Anadarko Petroleum Corporation by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after purchasing an additional 176 shares during the period. Guardian Life Insurance Co. of America grew its holdings in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after purchasing an additional 15 shares during the last quarter. FNY Partners Fund LP increased its position in shares of Anadarko Petroleum Corporation by 2,900.0% during the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,900 shares in the last quarter. Sun Life Financial INC increased its position in shares of Anadarko Petroleum Corporation by 1,363.4% during the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,795 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC increased its position in shares of Anadarko Petroleum Corporation by 12.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after purchasing an additional 402 shares in the last quarter. 85.05% of the stock is currently owned by institutional investors.

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Anadarko Petroleum Corporation Company Profile

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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Earnings History and Estimates for Anadarko Petroleum Corporation (NYSE:APC)

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