Anadarko Petroleum Co. (NYSE:APC) – Investment analysts at Seaport Global Securities upped their Q1 2018 earnings per share estimates for shares of Anadarko Petroleum in a research report issued to clients and investors on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly now expects that the oil and gas development company will post earnings of $0.39 per share for the quarter, up from their prior forecast of $0.06. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Anadarko Petroleum’s Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.51 EPS and FY2018 earnings at $1.83 EPS.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.15. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.50) earnings per share.
Anadarko Petroleum stock opened at $58.86 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $31,459.34, a PE ratio of -30.03, a price-to-earnings-growth ratio of 3.47 and a beta of 1.27. Anadarko Petroleum has a 52 week low of $39.96 and a 52 week high of $63.55.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th were issued a $0.25 dividend. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Tuesday, March 13th. Anadarko Petroleum’s payout ratio is presently -51.02%.
Anadarko Petroleum announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new position in shares of Anadarko Petroleum in the 4th quarter worth approximately $55,469,000. Xact Kapitalforvaltning AB lifted its holdings in Anadarko Petroleum by 14.3% during the 4th quarter. Xact Kapitalforvaltning AB now owns 53,994 shares of the oil and gas development company’s stock worth $2,896,000 after buying an additional 6,756 shares in the last quarter. American International Group Inc. lifted its holdings in Anadarko Petroleum by 2.9% during the 4th quarter. American International Group Inc. now owns 217,022 shares of the oil and gas development company’s stock worth $11,641,000 after buying an additional 6,123 shares in the last quarter. MANA Advisors LLC acquired a new position in Anadarko Petroleum during the 4th quarter worth $607,000. Finally, TIAA CREF Investment Management LLC lifted its holdings in Anadarko Petroleum by 0.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,102,084 shares of the oil and gas development company’s stock worth $112,756,000 after buying an additional 18,336 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.
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).
Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.