Anadarko Petroleum (NASDAQ:APC) Issues Quarterly Earnings Results, Meets Estimates

Anadarko Petroleum (NASDAQ:APC) released its quarterly earnings data on Monday. The oil and gas development company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20, Briefing.com reports. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year.

Anadarko Petroleum Price Performance

NASDAQ APC opened at $19.34 on Monday. Anadarko Petroleum has a 52 week low of $17.00 and a 52 week high of $19.80. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The stock has a market cap of $243.10 million, a price-to-earnings ratio of 84.09, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. The company has a 50-day moving average price of $18.47 and a two-hundred day moving average price of $50.59.

Anadarko Petroleum Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Friday, April 10th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s payout ratio is presently 452.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group assumed coverage on shares of Anadarko Petroleum in a report on Monday, March 9th. They issued a “buy” rating and a $22.00 price target for the company. Raymond James Financial started coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “strong-buy” rating and a $23.00 target price for the company. Stifel Nicolaus started coverage on Anadarko Petroleum in a research report on Monday, March 9th. They set a “buy” rating and a $22.00 price target on the stock. Mizuho assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Capital One Financial started coverage on Anadarko Petroleum in a research report on Monday, March 9th. They set an “overweight” rating and a $21.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.60.

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.