Anadarko Petroleum Corporation (NYSE:APC) - Seaport Global Securities raised their Q1 2018 earnings per share (EPS) estimates for shares of Anadarko Petroleum Corporation in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas development company will earn ($0.91) per share for the quarter, up from their prior forecast of ($0.92). Seaport Global Securities also issued estimates for Anadarko Petroleum Corporation’s Q2 2018 earnings at ($0.93) EPS, Q3 2018 earnings at ($0.72) EPS, Q4 2018 earnings at ($0.70) EPS and FY2018 earnings at ($3.27) EPS.
Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Tuesday, May 2nd. The oil and gas development company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.34. Anadarko Petroleum Corporation had a negative net margin of 23.64% and a negative return on equity of 8.94%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $2.64 billion. COPYRIGHT VIOLATION NOTICE: This report was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://stocknewstimes.com/2017/07/21/anadarko-petroleum-corporation-forecasted-to-post-q1-2018-earnings-of-0-91-per-share-nyseapc.html.
Several other equities research analysts also recently issued reports on APC. Scotiabank set a $75.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Monday, March 27th. Royal Bank Of Canada set a $84.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Thursday, April 20th. Barclays PLC restated an “equal weight” rating and issued a $57.00 price objective (down previously from $59.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, April 22nd. Jefferies Group LLC restated a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Friday, April 28th. Finally, Macquarie downgraded shares of Anadarko Petroleum Corporation from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $74.00 to $60.00 in a research note on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $72.85.
Anadarko Petroleum Corporation (NYSE APC) traded up 0.02% on Friday, reaching $43.85. 3,512,900 shares of the company’s stock were exchanged. The stock’s market capitalization is $24.57 billion. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33. The firm has a 50 day moving average of $45.96 and a 200 day moving average of $58.28.
Hedge funds have recently made changes to their positions in the company. Clean Yield Group purchased a new stake in shares of Anadarko Petroleum Corporation during the first quarter valued at $105,000. Assetmark Inc. boosted its stake in shares of Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after buying an additional 15 shares in the last quarter. Winch Advisory Services LLC boosted its stake in shares of Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares in the last quarter. Finally, Financial Architects Inc boosted its stake in shares of Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares in the last quarter. 85.12% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman R A. Walker acquired 19,300 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the acquisition, the chairman now owns 176,718 shares of the company’s stock, valued at approximately $9,157,526.76. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony R. Chase acquired 1,905 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average cost of $52.48 per share, with a total value of $99,974.40. Following the completion of the acquisition, the director now directly owns 23,636 shares in the company, valued at approximately $1,240,417.28. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,205 shares of company stock valued at $2,136,700 over the last three months. Company insiders own 0.45% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 12th. This represents a $0.20 annualized dividend and a yield of 0.46%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -4.45%.
Anadarko Petroleum Corporation Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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