Anadarko Petroleum (NASDAQ:APC) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Anadarko Petroleum (NASDAQ:APC) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. Weiss Ratings initiated coverage on Anadarko Petroleum in a research report on Thursday, May 28th. They issued a “sell (e)” rating for the company. UBS Group reduced their target price on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Mizuho upped their price target on Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.80.

Anadarko Petroleum Stock Performance

NASDAQ:APC opened at $18.79 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. The firm has a market capitalization of $236.19 million and a price-to-earnings ratio of 27.23. The company’s 50-day moving average is $19.56 and its two-hundred day moving average is $24.83. Anadarko Petroleum has a 1-year low of $17.00 and a 1-year high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $1.84 billion for the quarter. The firm’s revenue was up 27.4% compared to the same quarter last year. Analysts forecast that Anadarko Petroleum will post 0.95 EPS for the current year.

Anadarko Petroleum Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be paid a $0.50 dividend. This is a positive change from Anadarko Petroleum’s previous dividend of $0.26. The ex-dividend date of this dividend is Tuesday, August 18th. Anadarko Petroleum’s payout ratio is presently 150.72%.

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.