Anadarko Petroleum Corp. (NYSE:APC) – Credit Agricole SA dropped their FY2016 earnings per share (EPS) estimates for Anadarko Petroleum Corp. in a note issued to investors on Wednesday. Credit Agricole SA analyst A. Sen now forecasts that the firm will post earnings per share of ($2.86) for the year, down from their previous forecast of ($2.82). Credit Agricole SA has a “Underperform” rating and a $60.00 price objective on the stock. Credit Agricole SA also issued estimates for Anadarko Petroleum Corp.’s FY2017 earnings at ($0.53) EPS and FY2018 earnings at $0.27 EPS.
Several other analysts also recently weighed in on APC. Iberia Capital restated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a $70.00 target price on Anadarko Petroleum Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. BMO Capital Markets reiterated a “hold” rating and set a $55.00 target price on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. Bank of America Corp. reiterated a “buy” rating and set a $95.00 target price (up from $85.00) on shares of Anadarko Petroleum Corp. in a research note on Tuesday, June 21st. Finally, Barclays PLC increased their target price on Anadarko Petroleum Corp. from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-six have given a buy rating to the company’s stock. Anadarko Petroleum Corp. has an average rating of “Buy” and an average target price of $69.11.
Anadarko Petroleum Corp. (NYSE:APC) opened at 63.37 on Friday. Anadarko Petroleum Corp. has a 12 month low of $28.16 and a 12 month high of $73.77. The stock’s market capitalization is $32.35 billion. The stock has a 50 day moving average price of $59.62 and a 200 day moving average price of $53.81.
Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.20. The company earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Anadarko Petroleum Corp. had a negative return on equity of 9.88% and a negative net margin of 71.09%. The firm’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share.
The business also recently declared 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 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is presently -1.95%.
Several hedge funds have recently bought and sold shares of APC. IFP Advisors Inc increased its stake in Anadarko Petroleum Corp. by 67.6% in the first quarter. IFP Advisors Inc now owns 2,836 shares of the oil and gas development company’s stock valued at $132,000 after buying an additional 1,144 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Anadarko Petroleum Corp. during the first quarter valued at $3,292,000. Brookfield Asset Management Inc. increased its stake in Anadarko Petroleum Corp. by 488.0% in the first quarter. Brookfield Asset Management Inc. now owns 10,290 shares of the oil and gas development company’s stock valued at $479,000 after buying an additional 8,540 shares in the last quarter. M&T Bank Corp increased its stake in Anadarko Petroleum Corp. by 6.1% in the first quarter. M&T Bank Corp now owns 103,661 shares of the oil and gas development company’s stock valued at $4,827,000 after buying an additional 5,916 shares in the last quarter. Finally, Investec Asset Management LTD increased its stake in Anadarko Petroleum Corp. by 22.0% in the first quarter. Investec Asset Management LTD now owns 733,372 shares of the oil and gas development company’s stock valued at $34,153,000 after buying an additional 132,061 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.
About Anadarko Petroleum Corp.
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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