Anadarko Petroleum Corporation (NYSE:APC) – Stock analysts at Seaport Global Securities lifted their Q3 2017 earnings per share (EPS) estimates for shares of Anadarko Petroleum Corporation in a research note issued on Thursday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas development company will post earnings per share of ($0.70) for the quarter, up from their prior forecast of ($0.80). Seaport Global Securities also issued estimates for Anadarko Petroleum Corporation’s FY2017 earnings at ($2.64) EPS.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.42). The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned ($0.60) earnings per share. TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/23/anadarko-petroleum-corporation-expected-to-earn-q3-2017-earnings-of-0-70-per-share-apc.html.

APC has been the topic of a number of other reports. Zacks Investment Research lowered shares of Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Susquehanna Bancshares Inc assumed coverage on shares of Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They issued a “positive” rating and a $60.00 target price on the stock. Citigroup Inc. lowered 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 research note on Friday, July 21st. Morgan Stanley set a $55.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $78.00 target price (down from $80.00) on shares of Anadarko Petroleum Corporation in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $67.48.

Anadarko Petroleum Corporation (APC) opened at 49.01 on Monday. The stock’s market capitalization is $27.46 billion. The firm has a 50-day moving average of $46.53 and a 200-day moving average of $48.49. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33.

Anadarko Petroleum Corporation declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 20th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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

Hedge funds have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America lifted its holdings in Anadarko Petroleum Corporation by 0.7% during 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 purchasing an additional 15 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Anadarko Petroleum Corporation by 33.9% during the 1st quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after purchasing an additional 680 shares during the last quarter. FNY Partners Fund LP lifted its holdings in Anadarko Petroleum Corporation by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after purchasing an additional 2,900 shares during the last quarter. Sun Life Financial INC lifted its holdings in Anadarko Petroleum Corporation by 1,363.4% during the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after purchasing an additional 2,795 shares during the last quarter. Finally, Global X Management Co. LLC lifted its holdings in Anadarko Petroleum Corporation by 27.5% during the 1st quarter. Global X Management Co. LLC now owns 3,326 shares of the oil and gas development company’s stock valued at $206,000 after purchasing an additional 718 shares during the last quarter. 85.01% of the stock is owned by hedge funds and other institutional investors.

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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