Anadarko Petroleum Co. (NASDAQ:APC) Given Average Recommendation of “Buy” by Analysts

Anadarko Petroleum Co. (NASDAQ:APC) has received an average rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.60.

A number of equities research analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 target price on the stock. Mizuho began coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “neutral” rating and a $20.00 price target for the company. Stifel Nicolaus initiated coverage on Anadarko Petroleum in a research note on Monday, March 9th. They set a “buy” rating and a $22.00 price objective on the stock. Raymond James Financial initiated coverage on Anadarko Petroleum in a research report on Monday, March 9th. They issued a “strong-buy” rating and a $23.00 target price for the company. Finally, Capital One Financial assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued an “overweight” rating and a $21.00 price target for the company.

Anadarko Petroleum Stock Down 2.6%

APC stock opened at $19.12 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The firm has a 50 day simple moving average of $18.96 and a 200-day simple moving average of $45.07. The company has a market capitalization of $240.34 million, a P/E ratio of 44.47, a PEG ratio of 5.64 and a beta of 1.64. Anadarko Petroleum has a twelve month low of $17.00 and a twelve month high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts predict that Anadarko Petroleum will post 1.97 earnings per share for the current fiscal year.

Anadarko Petroleum Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Friday, April 10th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s payout ratio is currently 241.86%.

Insider Buying and Selling at Anadarko Petroleum

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $19.00, for a total transaction of $475,000.00. Following the sale, the insider directly owned 125,000 shares of the company’s stock, valued at approximately $2,375,000. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.