Anadarko Petroleum Co. (NYSE:APC) has been assigned a consensus recommendation of “Buy” from the twenty-seven ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $67.74.
A number of research firms recently commented on APC. Zacks Investment Research cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies set a $72.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a report on Sunday, February 11th. TheStreet upgraded Anadarko Petroleum from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. BMO Capital Markets lifted their price target on Anadarko Petroleum from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Macquarie upgraded Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Thursday, February 8th.
A number of hedge funds have recently modified their holdings of the business. Stelac Advisory Services LLC acquired a new stake in shares of Anadarko Petroleum in the third quarter valued at approximately $107,000. Fis Group Inc. acquired a new stake in shares of Anadarko Petroleum in the third quarter valued at approximately $107,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Anadarko Petroleum in the third quarter valued at approximately $116,000. Cerebellum GP LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter valued at approximately $131,000. Finally, Resources Investment Advisors Inc. acquired a new stake in shares of Anadarko Petroleum in the fourth quarter valued at approximately $142,000. Hedge funds and other institutional investors own 83.82% of the company’s stock.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results 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. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company posted ($0.50) earnings per share. Anadarko Petroleum’s quarterly revenue was up 22.7% on a year-over-year basis. analysts forecast that Anadarko Petroleum will post 1.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 13th. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 annualized dividend and a yield of 1.69%. Anadarko Petroleum’s dividend payout ratio (DPR) is -6.73%.
Anadarko Petroleum announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
About Anadarko Petroleum
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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