Equities research analysts predict that Anadarko Petroleum Corporation (NYSE:APC) will report sales of $2.35 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Anadarko Petroleum Corporation’s earnings, with the highest sales estimate coming in at $2.63 billion and the lowest estimate coming in at $2.06 billion. Anadarko Petroleum Corporation reported sales of $1.89 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 24.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 31st.

On average, analysts expect that Anadarko Petroleum Corporation will report full year sales of $2.35 billion for the current fiscal year, with estimates ranging from $8.70 billion to $12.23 billion. For the next year, analysts expect that the company will report sales of $10.90 billion per share, with estimates ranging from $9.35 billion to $13.05 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Anadarko Petroleum Corporation.

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

Several research firms have recently weighed in on APC. 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 report on Monday, October 16th. Morgan Stanley set a $55.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “hold” rating in a research report on Wednesday, October 18th. BidaskClub downgraded shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Wolfe Research downgraded shares of Anadarko Petroleum Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $77.00 target price (up previously from $76.00) on shares of Anadarko Petroleum Corporation in a research report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.48.

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Anadarko Petroleum Corporation (NYSE APC) opened at 49.01 on Monday. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33. The stock’s market cap is $27.46 billion. The firm’s 50 day moving average price is $46.53 and its 200 day moving average price is $48.49.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were paid 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 of this dividend was Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

Anadarko Petroleum Corporation announced that its Board of Directors has authorized a share repurchase program on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas development company to repurchase up to 10% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Several large investors have recently modified their holdings of APC. Rafferty Asset Management LLC lifted its stake in shares of Anadarko Petroleum Corporation by 134.7% in the 1st quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock worth $1,290,000 after acquiring an additional 11,937 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Anadarko Petroleum Corporation by 18.7% in the 1st quarter. OppenheimerFunds Inc. now owns 27,551 shares of the oil and gas development company’s stock worth $1,708,000 after acquiring an additional 4,334 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Anadarko Petroleum Corporation by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 796,054 shares of the oil and gas development company’s stock worth $49,355,000 after acquiring an additional 6,577 shares during the period. Advantus Capital Management Inc lifted its stake in shares of Anadarko Petroleum Corporation by 0.4% in the 1st quarter. Advantus Capital Management Inc now owns 56,182 shares of the oil and gas development company’s stock worth $3,483,000 after acquiring an additional 246 shares during the period. Finally, Homrich & Berg lifted its stake in shares of Anadarko Petroleum Corporation by 46.2% in the 1st quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock worth $561,000 after acquiring an additional 2,857 shares during the period. 85.01% of the stock is owned by 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.

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

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