Anadarko Petroleum Co. (NYSE:APC) – Research analysts at Capital One Financial issued their Q4 2018 earnings per share (EPS) estimates for shares of Anadarko Petroleum in a research report issued on Monday, July 9th. Capital One Financial analyst P. Johnston forecasts that the oil and gas development company will post earnings of $0.96 per share for the quarter. Capital One Financial also issued estimates for Anadarko Petroleum’s FY2019 earnings at $3.98 EPS.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. Anadarko Petroleum had a negative return on equity of 3.44% and a negative net margin of 0.15%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the firm posted ($0.60) EPS. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year.
Several other equities analysts have also recently issued reports on APC. Credit Suisse Group set a $84.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus upped their price objective on Anadarko Petroleum from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday. ValuEngine raised Anadarko Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. SunTrust Banks assumed coverage on Anadarko Petroleum in a research report on Friday, May 18th. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, Wolfe Research raised Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.26.
Shares of APC opened at $75.47 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.33. Anadarko Petroleum has a 52 week low of $39.96 and a 52 week high of $76.70. The company has a market capitalization of $38.72 billion, a PE ratio of -38.51, a P/E/G ratio of 2.52 and a beta of 1.27.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners raised its stake in Anadarko Petroleum by 63.1% during the 1st quarter. Boston Partners now owns 7,176,573 shares of the oil and gas development company’s stock valued at $433,537,000 after buying an additional 2,777,166 shares during the last quarter. Prudential Financial Inc. raised its stake in Anadarko Petroleum by 2.2% during the 1st quarter. Prudential Financial Inc. now owns 3,314,744 shares of the oil and gas development company’s stock valued at $200,244,000 after buying an additional 71,406 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in Anadarko Petroleum by 38.2% during the 1st quarter. Epoch Investment Partners Inc. now owns 2,760,910 shares of the oil and gas development company’s stock valued at $166,787,000 after buying an additional 762,465 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Anadarko Petroleum by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,684,548 shares of the oil and gas development company’s stock valued at $162,174,000 after buying an additional 90,666 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Anadarko Petroleum by 0.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,102,084 shares of the oil and gas development company’s stock valued at $112,756,000 after buying an additional 18,336 shares during the last quarter. Institutional investors and hedge funds own 88.97% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Anadarko Petroleum’s dividend payout ratio is presently -51.02%.
Anadarko Petroleum announced that its board has approved a stock repurchase program on Monday, July 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the oil and gas development company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
About Anadarko Petroleum
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).
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