Anadarko Petroleum Co. (NYSE:APC) has received an average rating of “Hold” from the thirty brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twenty-one have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $70.59.
APC has been the topic of a number of recent analyst reports. SunTrust Banks set a $55.00 price objective on Anadarko Petroleum and gave the stock a “hold” rating in a research note on Tuesday, January 29th. Credit Suisse Group dropped their price objective on Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 6th. Mitsubishi UFJ Financial Group dropped their price objective on Anadarko Petroleum to $70.00 in a research note on Thursday, February 7th. Mizuho reiterated a “buy” rating and issued a $55.00 price objective on shares of Anadarko Petroleum in a research note on Tuesday, February 12th. Finally, Guggenheim set a $69.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Friday, February 22nd.
A number of institutional investors and hedge funds have recently modified their holdings of APC. Norges Bank bought a new stake in shares of Anadarko Petroleum in the 4th quarter valued at approximately $245,766,000. Millennium Management LLC grew its stake in shares of Anadarko Petroleum by 1,550.8% in the 4th quarter. Millennium Management LLC now owns 5,295,821 shares of the oil and gas development company’s stock valued at $232,169,000 after purchasing an additional 4,975,016 shares during the period. Harris Associates L P grew its stake in shares of Anadarko Petroleum by 49.9% in the 4th quarter. Harris Associates L P now owns 13,514,955 shares of the oil and gas development company’s stock valued at $592,496,000 after purchasing an additional 4,500,125 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Anadarko Petroleum by 4,230.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,445,614 shares of the oil and gas development company’s stock valued at $56,000 after purchasing an additional 2,389,141 shares during the period. Finally, FMR LLC grew its stake in shares of Anadarko Petroleum by 12.1% in the 4th quarter. FMR LLC now owns 20,868,184 shares of the oil and gas development company’s stock valued at $914,861,000 after purchasing an additional 2,251,077 shares during the period. Hedge funds and other institutional investors own 86.53% of the company’s stock.
Shares of NYSE:APC opened at $72.87 on Thursday. Anadarko Petroleum has a fifty-two week low of $40.40 and a fifty-two week high of $76.70. The stock has a market capitalization of $36.54 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 4.20 and a beta of 1.83. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.51.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.23. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, analysts predict that Anadarko Petroleum will post 2.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.65%. Anadarko Petroleum’s dividend payout ratio is 53.10%.
Anadarko Petroleum Company Profile
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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