Wall Street analysts expect Anadarko Petroleum Co. (NYSE:APC) to post sales of $2.94 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Anadarko Petroleum’s earnings, with estimates ranging from $2.54 billion to $3.19 billion. Anadarko Petroleum reported sales of $3.77 billion in the same quarter last year, which would suggest a negative year over year growth rate of 22%. The business is scheduled to issue its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Anadarko Petroleum will report full year sales of $2.94 billion for the current financial year, with estimates ranging from $10.29 billion to $13.61 billion. For the next fiscal year, analysts expect that the business will post sales of $13.54 billion per share, with estimates ranging from $11.52 billion to $14.63 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Anadarko Petroleum.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ 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 the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted ($0.50) earnings per share. Anadarko Petroleum’s revenue for the quarter was up 22.7% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stelac Advisory Services LLC acquired a new position in Anadarko Petroleum in the 3rd quarter valued at $107,000. Steward Partners Investment Advisory LLC acquired a new position in Anadarko Petroleum in the 3rd quarter valued at $116,000. Cerebellum GP LLC acquired a new position in Anadarko Petroleum in the 4th quarter valued at $131,000. Resources Investment Advisors Inc. acquired a new position in Anadarko Petroleum in the 4th quarter valued at $142,000. Finally, Avestar Capital LLC acquired a new position in Anadarko Petroleum in the 4th quarter valued at $129,000. 88.19% of the stock is owned by hedge funds and other institutional investors.
Anadarko Petroleum (APC) opened at $58.98 on Tuesday. Anadarko Petroleum has a twelve month low of $39.96 and a twelve month high of $64.17. The stock has a market capitalization of $31,410.00, a P/E ratio of -19.86, a price-to-earnings-growth ratio of 3.71 and a beta of 1.40. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.73 and a quick ratio of 1.73.
Anadarko Petroleum declared that its board has approved 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 purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be paid a $0.25 dividend. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, March 13th. Anadarko Petroleum’s dividend payout ratio is currently -6.73%.
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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.
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