Anadarko Petroleum (NASDAQ:APC) Announces Quarterly Earnings Results, Hits Expectations

Anadarko Petroleum (NASDAQ:APC) released its quarterly earnings results on Friday. The oil and gas development company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20, Briefing.com reports. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The company’s revenue was down .2% on a year-over-year basis.

Anadarko Petroleum Stock Down 1.6%

NASDAQ APC traded down $0.34 during trading on Friday, hitting $20.57. The company’s stock had a trading volume of 136,513 shares, compared to its average volume of 182,760. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $258.56 million, a PE ratio of 89.43, a P/E/G ratio of 5.64 and a beta of 1.64. The business’s 50 day simple moving average is $18.64 and its 200-day simple moving average is $48.75. Anadarko Petroleum has a fifty-two week low of $17.00 and a fifty-two week high of $21.72.

Anadarko Petroleum Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Friday, April 10th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s dividend payout ratio (DPR) is currently 452.17%.

Insiders Place Their Bets

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $19.00, for a total value of $475,000.00. Following the completion of the sale, the insider owned 125,000 shares of the company’s stock, valued at approximately $2,375,000. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APC. Capital One Financial initiated coverage on Anadarko Petroleum in a report on Monday, March 9th. They set an “overweight” rating and a $21.00 price target on the stock. UBS Group started coverage on shares of Anadarko Petroleum in a report on Monday, March 9th. They set a “buy” rating and a $22.00 target price on the stock. 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 on the stock. Zacks Research upgraded Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus started coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price 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.