Anadarko Petroleum Corporation (NYSE:APC) – Research analysts at Jefferies Group issued their Q3 2017 EPS estimates for shares of Anadarko Petroleum Corporation in a research report issued on Monday. Jefferies Group analyst M. Lear expects that the oil and gas development company will post earnings per share of ($0.61) for the quarter. Jefferies Group has a “Buy” rating and a $57.00 price target on the stock. Jefferies Group also issued estimates for Anadarko Petroleum Corporation’s Q4 2017 earnings at ($0.29) EPS, FY2017 earnings at ($2.26) EPS and FY2019 earnings at ($0.29) EPS.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly 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). Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business earned ($0.60) earnings per share. The company’s revenue for the quarter was up 41.8% on a year-over-year basis.

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Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus restated a “buy” rating on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 3rd. Citigroup Inc. started coverage on Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They set a “positive” rating and a $60.00 target price for the company. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 price target on shares of Anadarko Petroleum Corporation in a research note on Monday, September 4th. BidaskClub cut Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, Scotiabank reiterated a “buy” rating and issued a $66.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $68.75.

Shares of Anadarko Petroleum Corporation (APC) opened at 48.39 on Thursday. The company’s 50-day moving average price is $45.16 and its 200-day moving average price is $49.06. Anadarko Petroleum Corporation has a 12-month low of $39.96 and a 12-month high of $73.33. The firm’s market capitalization is $27.12 billion.

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

Anadarko Petroleum Corporation announced that its Board of Directors has approved a stock buyback plan on Wednesday, September 20th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the company. Guardian Life Insurance Co. of America grew its stake in shares of Anadarko Petroleum Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after buying an additional 15 shares during the period. Klingenstein Fields & Co. LLC grew its stake in shares of Anadarko Petroleum Corporation by 0.8% in the 2nd quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after buying an additional 40 shares during the period. Optimum Investment Advisors grew its stake in shares of Anadarko Petroleum Corporation by 0.9% in the 2nd quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after buying an additional 100 shares during the period. Cleararc Capital Inc. grew its stake in shares of Anadarko Petroleum Corporation by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 13,687 shares of the oil and gas development company’s stock valued at $849,000 after buying an additional 109 shares during the period. Finally, Bienville Capital Management LLC grew its stake in shares of Anadarko Petroleum Corporation by 2.0% in the 2nd quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after buying an additional 112 shares during the period. Institutional investors own 85.05% of the company’s stock.

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.

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

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