FY2017 EPS Estimates for Anadarko Petroleum Co. (APC) Boosted by Seaport Global Securities
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.
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.
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.
Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.