Anadarko Petroleum Co. (APC) Forecasted to Earn Q2 2018 Earnings of $0.22 Per Share

Anadarko Petroleum Co. (NYSE:APC) – Equities researchers at Capital One Financial issued their Q2 2018 earnings per share estimates for Anadarko Petroleum in a research note issued to investors on Wednesday. Capital One Financial analyst P. Johnston anticipates that the oil and gas development company will post earnings per share of $0.22 for the quarter. Capital One Financial also issued estimates for Anadarko Petroleum’s Q4 2018 earnings at $0.25 EPS.

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

A number of other brokerages have also recently commented on APC. Stifel Nicolaus set a $73.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, January 29th. Morgan Stanley boosted their price objective on Anadarko Petroleum from $55.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Credit Suisse Group set a $71.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. TheStreet upgraded Anadarko Petroleum from a “d+” rating to a “c” rating in a research note on Tuesday, February 6th. Finally, Jefferies Group restated a “buy” rating and set a $78.00 price objective on shares of Anadarko Petroleum in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company’s stock. Anadarko Petroleum presently has a consensus rating of “Buy” and an average price target of $67.95.

Anadarko Petroleum (APC) opened at $56.13 on Monday. The company has a market capitalization of $30,710.00, a PE ratio of -71.05, a price-to-earnings-growth ratio of 10.48 and a beta of 1.42. Anadarko Petroleum has a one year low of $39.96 and a one year high of $70.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.03 and a current ratio of 1.73.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, March 13th. Anadarko Petroleum’s payout ratio is presently -25.32%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Anadarko Petroleum by 6.4% in the third 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 buying an additional 619,056 shares during the last quarter. Boston Partners increased its holdings in Anadarko Petroleum by 20.5% in the fourth quarter. Boston Partners now owns 4,399,407 shares of the oil and gas development company’s stock valued at $235,984,000 after buying an additional 748,309 shares during the last quarter. Bessemer Group Inc. increased its holdings in Anadarko Petroleum by 2.8% in the fourth quarter. Bessemer Group Inc. now owns 2,767,247 shares of the oil and gas development company’s stock valued at $148,436,000 after buying an additional 74,461 shares during the last quarter. Legal & General Group Plc increased its holdings in Anadarko Petroleum by 1.3% in the third quarter. Legal & General Group Plc now owns 2,739,511 shares of the oil and gas development company’s stock valued at $133,823,000 after buying an additional 34,561 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Anadarko Petroleum by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company’s stock valued at $126,152,000 after buying an additional 63,165 shares during the last quarter. 88.02% of the stock is currently owned by institutional investors and hedge funds.

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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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