Anadarko Petroleum Co. (NYSE:APC) – Stock analysts at Piper Jaffray Companies cut their Q4 2018 EPS estimates for shares of Anadarko Petroleum in a report released on Wednesday, January 9th. Piper Jaffray Companies analyst R. Todd now anticipates that the oil and gas development company will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.79. Piper Jaffray Companies currently has a “Buy” rating and a $87.00 target price on the stock. Piper Jaffray Companies also issued estimates for Anadarko Petroleum’s Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $0.77 EPS, Q1 2020 earnings at $0.37 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.43 EPS, Q4 2020 earnings at $0.50 EPS and FY2020 earnings at $1.65 EPS.
A number of other research firms have also recently commented on APC. Morgan Stanley set a $85.00 target price on Anadarko Petroleum and gave the stock a “hold” rating in a research note on Friday, October 12th. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Tuesday, October 16th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of Anadarko Petroleum in a research note on Thursday, October 11th. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 target price on shares of Anadarko Petroleum in a research note on Wednesday, October 24th. Finally, Wells Fargo & Co raised Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 23rd. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $78.90.
NYSE APC opened at $47.65 on Friday. Anadarko Petroleum has a 12 month low of $40.40 and a 12 month high of $76.70. The firm has a market capitalization of $24.16 billion, a PE ratio of -24.31, a P/E/G ratio of 1.42 and a beta of 1.55. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company posted ($0.77) earnings per share. The company’s revenue was up 48.1% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, December 11th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.52%. Anadarko Petroleum’s dividend payout ratio (DPR) is -61.22%.
Several institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC bought a new position in Anadarko Petroleum in the third quarter valued at about $135,000. TRUE Private Wealth Advisors bought a new position in Anadarko Petroleum in the third quarter valued at about $163,000. Moneta Group Investment Advisors LLC bought a new position in Anadarko Petroleum in the second quarter valued at about $170,000. Beaton Management Co. Inc. bought a new position in Anadarko Petroleum in the second quarter valued at about $202,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in Anadarko Petroleum in the third quarter valued at about $204,000. 84.94% of the stock is currently owned by institutional investors.
Anadarko Petroleum Company Profile
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).
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