Anadarko Petroleum (APC) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Anadarko Petroleum (NYSE:APC) from a sell rating to a hold rating in a research note released on Saturday.

Other equities analysts have also recently issued reports about the company. Macquarie raised Anadarko Petroleum from a neutral rating to an outperform rating and set a $70.00 price objective for the company in a report on Thursday, February 8th. Stifel Nicolaus set a $75.00 price objective on Anadarko Petroleum and gave the company a buy rating in a report on Wednesday, March 28th. Jefferies Group reaffirmed a buy rating and issued a $78.00 price objective on shares of Anadarko Petroleum in a report on Thursday, February 8th. Zacks Investment Research raised Anadarko Petroleum from a hold rating to a buy rating and set a $66.00 price objective for the company in a report on Wednesday, February 21st. Finally, Piper Jaffray reaffirmed a buy rating and issued a $64.00 price objective on shares of Anadarko Petroleum in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $68.05.

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NYSE:APC opened at $66.09 on Friday. The company has a market cap of $35,405.07, a P/E ratio of -33.72, a PEG ratio of 3.85 and a beta of 1.27. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.13. Anadarko Petroleum has a 1-year low of $39.96 and a 1-year high of $67.34.



Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.50) EPS. equities research analysts forecast that Anadarko Petroleum will post 1.73 earnings per share for the current year.

Anadarko Petroleum declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 7th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th were paid a $0.25 dividend. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -51.02%.

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its position in Anadarko Petroleum by 12.3% during the 4th quarter. LPL Financial LLC now owns 79,895 shares of the oil and gas development company’s stock worth $4,286,000 after acquiring an additional 8,761 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Anadarko Petroleum during the 4th quarter worth $55,469,000. Xact Kapitalforvaltning AB grew its position 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 acquiring an additional 6,756 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Anadarko Petroleum by 7.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,454 shares of the oil and gas development company’s stock worth $723,000 after acquiring an additional 906 shares during the last quarter. Finally, American International Group Inc. grew its position 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 acquiring an additional 6,123 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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