Equities Analysts Set Expectations for Anadarko Petroleum Co.’s Q3 2018 Earnings (APC)

Anadarko Petroleum Co. (NYSE:APC) – Capital One Financial issued their Q3 2018 earnings per share (EPS) estimates for Anadarko Petroleum in a research report issued to clients and investors on Wednesday. Capital One Financial analyst P. Johnston expects that the oil and gas development company will earn $0.22 per share for the quarter.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business posted ($0.50) earnings per share. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year.

A number of other research analysts have also recently commented on APC. Citigroup decreased their price target on Anadarko Petroleum from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. Wolfe Research cut Anadarko Petroleum from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Cowen set a $60.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, October 16th. Morgan Stanley set a $55.00 price objective on Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus reduced their price objective on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $67.95.

Anadarko Petroleum (NYSE APC) traded down $1.23 during trading hours on Friday, reaching $54.97. The company’s stock had a trading volume of 2,069,774 shares, compared to its average volume of 5,829,731. The company has a quick ratio of 2.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.87. Anadarko Petroleum has a one year low of $39.96 and a one year high of $70.00. The firm has a market capitalization of $32,129.10, a PE ratio of -69.32, a price-to-earnings-growth ratio of 43.96 and a beta of 1.42.

Institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. grew its stake in Anadarko Petroleum by 3.5% in the 4th quarter. D.A. Davidson & CO. now owns 96,520 shares of the oil and gas development company’s stock worth $5,177,000 after acquiring an additional 3,266 shares during the period. Advisory Services Network LLC grew its stake in Anadarko Petroleum by 52.2% in the 4th quarter. Advisory Services Network LLC now owns 7,746 shares of the oil and gas development company’s stock worth $415,000 after acquiring an additional 2,655 shares during the period. Toronto Dominion Bank grew its stake in shares of Anadarko Petroleum by 2.4% during the 4th quarter. Toronto Dominion Bank now owns 236,840 shares of the oil and gas development company’s stock valued at $12,705,000 after buying an additional 5,596 shares during the period. First Trust Advisors LP grew its stake in shares of Anadarko Petroleum by 20.4% during the 4th quarter. First Trust Advisors LP now owns 410,387 shares of the oil and gas development company’s stock valued at $22,013,000 after buying an additional 69,674 shares during the period. Finally, Cetera Advisor Networks LLC grew its stake in shares of Anadarko Petroleum by 149.4% during the 4th quarter. Cetera Advisor Networks LLC now owns 11,823 shares of the oil and gas development company’s stock valued at $635,000 after buying an additional 7,083 shares during the period. 88.02% of the stock is currently owned by institutional investors.

Anadarko Petroleum announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the oil and gas development company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, March 13th. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s payout ratio is currently -24.69%.

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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.

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

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