Q1 2018 EPS Estimates for Anadarko Petroleum Co. Lifted by Analyst (APC)

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.

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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.

Other equities analysts have also issued reports about the company. TheStreet upgraded Anadarko Petroleum from a “d+” rating to a “c” rating in a research note on Tuesday, February 6th. Macquarie upgraded Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Thursday, February 8th. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Wednesday, February 14th. Stifel Nicolaus set a $73.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Credit Suisse Group began coverage on Anadarko Petroleum in a research note on Monday, December 11th. They set an “outperform” rating and a $61.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $67.65.

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.

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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).

Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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