Anadarko Petroleum Co. (NASDAQ:APC) Receives $21.60 Average Price Target from Brokerages

Shares of Anadarko Petroleum Co. (NASDAQ:APC) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.60.

Several equities research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “buy” rating and a $22.00 price target for the company. Zacks Research raised shares of Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Mizuho assumed coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “neutral” rating and a $20.00 price target for the company. Raymond James Financial assumed coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “strong-buy” rating and a $23.00 price target for the company. Finally, Capital One Financial assumed coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set an “overweight” rating and a $21.00 price target for the company.

Anadarko Petroleum Price Performance

Shares of NASDAQ APC opened at $19.93 on Friday. Anadarko Petroleum has a fifty-two week low of $17.00 and a fifty-two week high of $21.72. The company has a 50 day simple moving average of $19.06 and a two-hundred day simple moving average of $43.19. The company has a market capitalization of $250.52 million, a price-to-earnings ratio of 46.35, a P/E/G ratio of 5.64 and a beta of 1.64. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.92 and a current ratio of 0.92.

Anadarko Petroleum (NASDAQ:APC) last announced its earnings results on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The company’s quarterly revenue was down .2% compared to the same quarter last year. Analysts expect that Anadarko Petroleum will post 1.97 EPS for the current fiscal year.

Anadarko Petroleum Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 21st. Investors of record on Friday, April 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s dividend payout ratio (DPR) is 241.86%.

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). 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.