Anadarko Petroleum Co. (NYSE:APC) – Investment analysts at Jefferies Group upped their Q1 2018 earnings estimates for Anadarko Petroleum in a report released on Wednesday. Jefferies Group analyst M. Lear now forecasts that the oil and gas development company will post earnings of $0.23 per share for the quarter, up from their prior forecast of $0.10. Jefferies Group currently has a “Buy” rating and a $78.00 target price on the stock. Jefferies Group also issued estimates for Anadarko Petroleum’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.32 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.44 EPS and FY2019 earnings at $1.52 EPS.
APC has been the subject of several other research reports. Scotiabank set a $62.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research note on Saturday, November 25th. Stifel Nicolaus decreased their price target on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Morgan Stanley set a $55.00 price target on Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Barclays increased their price target on Anadarko Petroleum from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Thursday, December 21st. Finally, Cowen set a $70.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research note on Thursday, January 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.95.
Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned ($0.50) EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.00 annualized dividend and a yield of 1.78%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -25.32%.
Anadarko Petroleum declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 7th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the oil and gas development company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APC. Public Employees Retirement System of Ohio grew its stake in Anadarko Petroleum by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 387,290 shares of the oil and gas development company’s stock worth $17,560,000 after purchasing an additional 2,424 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in Anadarko Petroleum by 96.9% during the second quarter. Dynamic Technology Lab Private Ltd now owns 24,123 shares of the oil and gas development company’s stock worth $1,094,000 after purchasing an additional 11,872 shares during the period. Advisory Services Network LLC grew its stake in Anadarko Petroleum by 24.0% during the second quarter. Advisory Services Network LLC now owns 4,812 shares of the oil and gas development company’s stock worth $218,000 after purchasing an additional 932 shares during the period. Toronto Dominion Bank grew its stake in Anadarko Petroleum by 25.3% during the second quarter. Toronto Dominion Bank now owns 191,568 shares of the oil and gas development company’s stock worth $8,684,000 after purchasing an additional 38,724 shares during the period. Finally, Sentry Investment Management LLC boosted its holdings in Anadarko Petroleum by 183.2% in the second quarter. Sentry Investment Management LLC now owns 104,538 shares of the oil and gas development company’s stock worth $4,740,000 after acquiring an additional 67,623 shares in the last quarter. 88.02% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Anadarko Petroleum Co. (APC) Expected to Post Q1 2018 Earnings of $0.23 Per Share” was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/12/anadarko-petroleum-co-apc-expected-to-post-q1-2018-earnings-of-0-23-per-share.html.
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.
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.