Anadarko Petroleum Corporation (APC) Receives Consensus Rating of “Buy” from Brokerages
Shares of Anadarko Petroleum Corporation (NYSE:APC) have earned an average rating of “Buy” from the thirty brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $66.57.
Several research firms have recently issued reports on APC. Morgan Stanley set a $55.00 price target on shares of Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group set a $62.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, August 28th. Royal Bank Of Canada set a $62.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Thursday, August 24th. Cowen set a $60.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Scotiabank reaffirmed a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a research note on Wednesday, November 1st.
Large investors have recently bought and sold shares of the business. Artemis Investment Management LLP grew its holdings in Anadarko Petroleum by 8.0% in the second quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock worth $1,658,000 after purchasing an additional 2,698 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Anadarko Petroleum by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock valued at $50,858,000 after buying an additional 17,411 shares in the last quarter. Andra AP fonden lifted its stake in shares of Anadarko Petroleum by 13.7% in the second quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock valued at $3,809,000 after buying an additional 10,100 shares in the last quarter. Cipher Capital LP lifted its stake in shares of Anadarko Petroleum by 364.8% in the second quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock valued at $6,367,000 after buying an additional 110,209 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Anadarko Petroleum by 30.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 424,746 shares of the oil and gas development company’s stock valued at $19,258,000 after buying an additional 98,545 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. Anadarko Petroleum’s revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.89) EPS. research analysts expect that Anadarko Petroleum will post -2.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s payout ratio is -5.63%.
Anadarko Petroleum announced that its board has approved 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 purchase up to 10% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
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Anadarko Petroleum 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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