Anadarko Petroleum (NASDAQ:APC) Posts Quarterly Earnings Results, Hits Estimates

Anadarko Petroleum (NASDAQ:APC) posted its quarterly earnings data on Friday. The oil and gas development company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20, Briefing.com reports. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The business’s quarterly revenue was down .2% on a year-over-year basis.

Anadarko Petroleum Price Performance

NASDAQ APC opened at $20.57 on Friday. The company has a 50 day simple moving average of $18.67 and a 200-day simple moving average of $48.56. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $258.56 million, a price-to-earnings ratio of 89.43, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. Anadarko Petroleum has a 52-week low of $17.00 and a 52-week high of $21.72.

Anadarko Petroleum Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Friday, April 10th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s dividend payout ratio is 452.17%.

Insider Activity

In other news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $19.00, for a total value of $475,000.00. Following the completion of the sale, the insider directly owned 125,000 shares of the company’s stock, valued at $2,375,000. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on APC. UBS Group began coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “buy” rating and a $22.00 price objective for the company. Zacks Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Raymond James Financial began coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “strong-buy” rating and a $23.00 price objective for the company. Mizuho began coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They set a “neutral” rating and a $20.00 price objective for the company. Finally, Stifel Nicolaus began coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They set a “buy” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Anadarko Petroleum presently has a consensus rating of “Buy” and a consensus price target of $21.60.

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.