Anadarko Petroleum Co. (NASDAQ:APC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Anadarko Petroleum Co. (NASDAQ:APC) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.00.

A number of research firms have recently weighed in on APC. Zacks Research lowered shares of Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings began coverage on Anadarko Petroleum in a report on Thursday, May 28th. They set a “sell (e)” rating on the stock. Finally, Mizuho upped their price target on Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th.

Anadarko Petroleum Trading Down 1.5%

NASDAQ:APC opened at $18.34 on Wednesday. The firm has a market capitalization of $230.53 million and a P/E ratio of 42.65. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $19.57 and a 200 day moving average of $25.21. Anadarko Petroleum has a 52 week low of $17.00 and a 52 week high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $1.84 billion for the quarter. Anadarko Petroleum’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, research analysts predict that Anadarko Petroleum will post 1.33 earnings per share for the current year.

Anadarko Petroleum Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.50 per share. This is a boost from Anadarko Petroleum’s previous dividend of $0.26. The ex-dividend date of this dividend is Tuesday, August 18th. Anadarko Petroleum’s payout ratio is presently 241.86%.

About Anadarko Petroleum

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.