Capital One Financial Corporation reaffirmed their overweight rating on shares of Anadarko Petroleum Corporation (NYSE:APC) in a research note released on Wednesday. Capital One Financial Corporation also issued estimates for Anadarko Petroleum Corporation’s Q3 2017 earnings at ($0.18) EPS, Q4 2017 earnings at ($0.13) EPS, FY2017 earnings at ($1.67) EPS and FY2018 earnings at ($0.54) EPS.
Several other equities research analysts also recently weighed in on APC. Royal Bank Of Canada set a $84.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a buy rating in a research note on Thursday, April 20th. Barclays PLC reiterated an equal weight rating and set a $57.00 target price (down previously from $59.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, April 22nd. Jefferies Group LLC reiterated a buy rating and set a $62.00 target price on shares of Anadarko Petroleum Corporation in a research note on Friday, April 28th. Macquarie downgraded shares of Anadarko Petroleum Corporation from an outperform rating to a neutral rating and decreased their target price for the stock from $74.00 to $60.00 in a research note on Wednesday, May 3rd. Finally, Wells Fargo & Company downgraded shares of Anadarko Petroleum Corporation from an outperform rating to a market perform rating in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $69.81.
Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 46.32 on Wednesday. The firm’s market cap is $25.95 billion. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33. The firm’s 50-day moving average price is $45.33 and its 200-day moving average price is $57.28.
Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company posted ($0.60) EPS. Anadarko Petroleum Corporation’s quarterly revenue was up 41.8% on a year-over-year basis. Analysts expect that Anadarko Petroleum Corporation will post ($1.91) earnings per share for the current year.
In other news, Chairman R A. Walker bought 19,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the completion of the transaction, the chairman now owns 176,718 shares in the company, valued at $9,157,526.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter J. Fluor bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $51.83 per share, for a total transaction of $1,036,600.00. Following the transaction, the director now owns 146,750 shares of the company’s stock, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 41,205 shares of company stock valued at $2,136,700. Corporate insiders own 0.45% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after buying an additional 40,958,268 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Anadarko Petroleum Corporation during the first quarter worth about $116,982,000. UBS Asset Management Americas Inc. raised its stake in shares of Anadarko Petroleum Corporation by 109.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,891,266 shares of the oil and gas development company’s stock worth $179,258,000 after buying an additional 1,509,047 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Anadarko Petroleum Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 38,870,940 shares of the oil and gas development company’s stock worth $2,409,998,000 after buying an additional 1,227,182 shares during the period. Hedge funds and other institutional investors own 85.18% of the company’s stock.
About Anadarko Petroleum Corporation
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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