Anadarko Petroleum Co. (APC) Expected to Post Earnings of -$0.04 Per Share

Equities research analysts expect Anadarko Petroleum Co. (NYSE:APC) to announce earnings of ($0.04) per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Anadarko Petroleum’s earnings. The lowest EPS estimate is ($0.21) and the highest is $0.37. Anadarko Petroleum reported earnings of ($0.50) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 92%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 6th.

On average, analysts expect that Anadarko Petroleum will report full-year earnings of ($2.20) per share for the current year, with EPS estimates ranging from ($2.36) to ($1.79). For the next year, analysts expect that the company will post earnings of ($0.35) per share, with EPS estimates ranging from ($1.16) to $0.46. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Anadarko Petroleum.

Anadarko Petroleum (NYSE:APC) last issued 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 Zacks’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted ($0.89) EPS. The company’s quarterly revenue was up 31.9% on a year-over-year basis.

Several research firms have commented on APC. Cowen set a $70.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Thursday. Piper Jaffray Companies reissued a “buy” rating and set a $64.00 price objective on shares of Anadarko Petroleum in a report on Tuesday, January 9th. Citigroup downgraded shares of Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a report on Wednesday, January 3rd. Barclays increased their price objective on shares of Anadarko Petroleum from $39.00 to $42.00 and gave the company an “underweight” rating in a report on Thursday, December 21st. Finally, Royal Bank of Canada set a $63.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the stock. Anadarko Petroleum presently has an average rating of “Buy” and a consensus price target of $65.48.

Anadarko Petroleum (NYSE:APC) traded down $0.68 on Friday, hitting $58.29. 4,229,500 shares of the company’s stock traded hands, compared to its average volume of 5,119,200. Anadarko Petroleum has a twelve month low of $39.96 and a twelve month high of $71.97. The company has a market cap of $31,840.00, a P/E ratio of -16.47 and a beta of 1.38. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date was Tuesday, December 12th. Anadarko Petroleum’s payout ratio is currently -5.65%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stelac Advisory Services LLC bought a new stake in Anadarko Petroleum in the third quarter worth about $107,000. Fis Group Inc. bought a new stake in Anadarko Petroleum in the third quarter worth about $107,000. Steward Partners Investment Advisory LLC bought a new stake in Anadarko Petroleum in the third quarter worth about $116,000. Sun Life Financial INC lifted its stake in Anadarko Petroleum by 1,363.4% in the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,795 shares during the last quarter. Finally, Sawyer & Company Inc bought a new stake in Anadarko Petroleum in the fourth quarter worth about $186,000. 87.84% of the stock is owned by institutional investors and hedge funds.

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About Anadarko Petroleum

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 (NYSE:APC)

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