Mitsubishi UFJ Financial Group Equities Analysts Cut Earnings Estimates for Anadarko Petroleum Co. (APC)

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Anadarko Petroleum Co. (NYSE:APC) – Research analysts at Mitsubishi UFJ Financial Group lowered their Q2 2019 EPS estimates for Anadarko Petroleum in a report released on Wednesday, February 6th. Mitsubishi UFJ Financial Group analyst M. Mcallister now expects that the oil and gas development company will post earnings of $0.28 per share for the quarter, down from their previous estimate of $0.47. Mitsubishi UFJ Financial Group also issued estimates for Anadarko Petroleum’s FY2019 earnings at $1.68 EPS, Q3 2020 earnings at $0.45 EPS, Q4 2020 earnings at $0.54 EPS and FY2020 earnings at $1.76 EPS.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, October 16th. Jefferies Financial Group cut their price objective on shares of Anadarko Petroleum from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Guggenheim reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Anadarko Petroleum in a research report on Thursday, November 1st. Credit Suisse Group set a $89.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Anadarko Petroleum in a research report on Wednesday, October 31st. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.20.

Shares of NYSE APC opened at $42.56 on Monday. The firm has a market cap of $21.10 billion, a PE ratio of 18.83, a PEG ratio of 1.79 and a beta of 1.58. Anadarko Petroleum has a twelve month low of $40.40 and a twelve month high of $76.70. The company has a current ratio of 0.81, a quick ratio of 0.87 and a debt-to-equity ratio of 1.41.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the firm posted $0.18 EPS. Anadarko Petroleum’s revenue was up 14.3% on a year-over-year basis.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Shields & Co. LLC acquired a new position in Anadarko Petroleum in the 4th quarter valued at about $881,000. Advisor Group Inc. grew its position in shares of Anadarko Petroleum by 9.6% during the 4th quarter. Advisor Group Inc. now owns 24,405 shares of the oil and gas development company’s stock worth $1,069,000 after purchasing an additional 2,136 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of Anadarko Petroleum by 182.0% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 9,888 shares of the oil and gas development company’s stock worth $433,000 after purchasing an additional 6,381 shares in the last quarter. Bremer Trust National Association acquired a new position in shares of Anadarko Petroleum during the 4th quarter worth approximately $47,000. Finally, NEXT Financial Group Inc grew its position in shares of Anadarko Petroleum by 11,547.8% during the 4th quarter. NEXT Financial Group Inc now owns 2,679 shares of the oil and gas development company’s stock worth $117,000 after purchasing an additional 2,656 shares in the last quarter. Institutional investors and hedge funds own 85.57% of the company’s stock.

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).

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

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