Anadarko Petroleum Co. (NYSE:APC) – Equities researchers at Seaport Global Securities boosted their FY2017 earnings estimates for shares of Anadarko Petroleum in a research report issued on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas development company will earn ($2.05) per share for the year, up from their prior estimate of ($2.13). Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Anadarko Petroleum’s Q4 2017 earnings at $0.11 EPS.

APC has been the subject of a number of other reports. Scotiabank set a $62.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Saturday, November 25th. Atlantic Securities upgraded shares of Anadarko Petroleum from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $49.05 to $62.00 in a report on Friday, October 6th. Morgan Stanley set a $55.00 price objective on shares of Anadarko Petroleum and gave the stock a “hold” rating in a report on Wednesday, October 18th. Stifel Nicolaus lowered their price objective on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. Finally, Jefferies Group restated a “buy” rating and issued a $57.00 price objective on shares of Anadarko Petroleum in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $65.00.

Shares of Anadarko Petroleum (NYSE:APC) opened at $58.29 on Friday. The firm has a market cap of $31,890.00, a P/E ratio of -16.47 and a beta of 1.38. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum has a 1-year low of $39.96 and a 1-year high of $71.97.

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Anadarko Petroleum by 2.6% in the second quarter. Vanguard Group Inc. now owns 39,870,873 shares of the oil and gas development company’s stock worth $1,807,745,000 after buying an additional 999,933 shares during the period. Dodge & Cox increased its position in Anadarko Petroleum by 43.7% during the 2nd quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock valued at $1,486,889,000 after purchasing an additional 9,965,600 shares during the period. State Street Corp increased its position in Anadarko Petroleum by 0.8% during the 2nd quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock valued at $1,298,599,000 after purchasing an additional 218,628 shares during the period. JPMorgan Chase & Co. increased its position in Anadarko Petroleum by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,257,355 shares of the oil and gas development company’s stock valued at $501,380,000 after purchasing an additional 619,056 shares during the period. Finally, Janus Henderson Group PLC increased its position in Anadarko Petroleum by 5,465.5% during the 2nd quarter. Janus Henderson Group PLC now owns 4,182,014 shares of the oil and gas development company’s stock valued at $189,613,000 after purchasing an additional 4,106,872 shares during the period. 87.84% of the stock is currently owned by institutional investors.

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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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