Anadarko Petroleum Co. (NYSE:APC) – Jefferies Group raised their FY2017 earnings per share (EPS) estimates for shares of Anadarko Petroleum in a note issued to investors on Wednesday. Jefferies Group analyst M. Lear now expects that the oil and gas development company will post earnings per share of ($2.30) for the year, up from their prior forecast of ($2.46). Jefferies Group currently has a “Buy” rating and a $61.00 target price on the stock. Jefferies Group also issued estimates for Anadarko Petroleum’s Q4 2017 earnings at ($0.17) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at ($0.07) EPS, FY2018 earnings at ($0.02) EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.01 EPS and FY2019 earnings at ($0.02) EPS.

Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The firm’s revenue was up 31.9% compared to the same quarter last year. During the same period last year, the business earned ($0.89) earnings per share.

A number of other analysts also recently issued reports on APC. Royal Bank of Canada set a $62.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating on shares of Anadarko Petroleum in a research report on Sunday, September 3rd. BMO Capital Markets reissued a “hold” rating and set a $53.00 price objective on shares of Anadarko Petroleum in a research report on Monday, September 4th. Cowen reissued a “buy” rating and set a $60.00 price objective on shares of Anadarko Petroleum in a research report on Sunday, September 17th. Finally, Scotiabank reissued a “buy” rating and set a $64.00 price objective on shares of Anadarko Petroleum in a research report on Friday, September 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company. Anadarko Petroleum currently has an average rating of “Buy” and a consensus target price of $64.52.

Shares of Anadarko Petroleum (NYSE APC) opened at $51.96 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03. Anadarko Petroleum has a 52-week low of $39.96 and a 52-week high of $72.32.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is -5.63%.

Anadarko Petroleum declared that its Board of Directors has initiated a stock repurchase plan 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 buy up to 10% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the stock. Artemis Investment Management LLP boosted its holdings in Anadarko Petroleum by 8.0% during the 2nd quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock valued at $1,658,000 after acquiring an additional 2,698 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Anadarko Petroleum by 1.6% in the 2nd 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 during the period. Andra AP fonden boosted its stake in shares of Anadarko Petroleum by 13.7% in the 2nd 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 during the period. Cipher Capital LP boosted its stake in shares of Anadarko Petroleum by 364.8% in the 2nd 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 during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Anadarko Petroleum by 30.2% in the 2nd 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 during the period. Institutional investors own 87.76% of the company’s stock.

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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.

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

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