Anadarko Petroleum Corp. (NYSE:APC)‘s stock had its “buy” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday.
The analysts wrote, “Monsanto shares offer an attractive risk/reward proposition in our opinion. We think a reasonable floor price for the shares, in the event of a disruption of the Bayer/Monsanto combination, is $100/sh or 20x our $5.00 estimate for F2018 EPS. Should Bayer’s purchase of Monsanto be consummated, Monsanto shareholders would receive $128/share, most likely by the end of 2017. We believe that Monsanto’s product overlaps with Bayer are modest, manageable, and are unlikely to stand in the way of the transaction. Importantly, we think that the business combination is likely to lead to more agricultural innovation rather than less. Monsanto continues to increase its share of the global corn and soybean markets by demonstrating technology strength.””
APC has been the topic of a number of other reports. BMO Capital Markets restated a “hold” rating and set a $55.00 target price on shares of Anadarko Petroleum Corp. in a research report on Wednesday, July 27th. Credit Suisse Group AG raised their target price on shares of Anadarko Petroleum Corp. to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Vetr upgraded shares of Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $54.50 target price on the stock in a research report on Monday, June 27th. Zacks Investment Research lowered shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Barclays PLC raised their target price on shares of Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have given a buy rating to the company. Anadarko Petroleum Corp. presently has a consensus rating of “Buy” and a consensus target price of $68.69.
Anadarko Petroleum Corp. (NYSE:APC) traded down 0.70% during trading on Thursday, reaching $63.69. 2,224,485 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $57.85 and a 200 day moving average price of $53.06. The firm’s market capitalization is $32.51 billion. Anadarko Petroleum Corp. has a 52 week low of $28.16 and a 52 week high of $73.87.
Anadarko Petroleum Corp. (NYSE:APC) last announced its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.20. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.89 billion. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. Equities research analysts forecast that Anadarko Petroleum Corp. will post ($2.68) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is currently -1.95%.
Several hedge funds and other institutional investors have recently bought and sold shares of APC. Financial Architects Inc increased its position in Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 950 shares in the last quarter. Kanaly Trust Co increased its position in Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 614 shares in the last quarter. Security National Trust Co. increased its position in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock worth $114,000 after buying an additional 100 shares in the last quarter. Stelac Advisory Services LLC bought a new position in Anadarko Petroleum Corp. during the second quarter worth approximately $117,000. Finally, Signaturefd LLC increased its position in Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock worth $122,000 after buying an additional 226 shares in the last quarter. 78.98% of the stock is owned by institutional investors.
Anadarko Petroleum Corp. Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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