Anadarko Petroleum Corporation (APC) Set to Announce Earnings on Tuesday
Anadarko Petroleum Corporation (NYSE:APC) is set to post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Anadarko Petroleum Corporation to post earnings of ($0.53) per share for the quarter.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.42). The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.60) earnings per share. On average, analysts expect Anadarko Petroleum Corporation to post $-2.08 EPS for the current fiscal year and $-0.69 EPS for the next fiscal year.
Anadarko Petroleum Corporation (NYSE:APC) opened at 48.10 on Tuesday. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The company’s 50-day moving average price is $46.71 and its 200 day moving average price is $48.18. The company’s market capitalization is $26.95 billion.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.14%.
Anadarko Petroleum Corporation declared that its Board of Directors has approved 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 usually an indication that the company’s management believes its stock is undervalued.
Several equities analysts have recently commented on APC shares. Scotiabank reaffirmed a “buy” rating and set a $66.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Friday, June 30th. Citigroup Inc. lowered their price objective on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Thursday, July 20th. Cowen and Company set a $60.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Bank of America Corporation lowered their price objective on shares of Anadarko Petroleum Corporation from $81.00 to $80.00 and set a “buy” rating for the company 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 assigned a strong buy rating to the company. Anadarko Petroleum Corporation presently has a consensus rating of “Buy” and a consensus target price of $67.48.
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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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