Royal Bank of Canada Downgrades Anadarko Petroleum (APC) to Sector Perform

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Royal Bank of Canada cut shares of Anadarko Petroleum (NYSE:APC) from an outperform rating to a sector perform rating in a research note issued to investors on Monday, Benzinga reports. They currently have $65.00 price objective on the oil and gas development company’s stock, down from their previous price objective of $74.00.

Other analysts also recently issued research reports about the company. Guggenheim downgraded Anadarko Petroleum from a buy rating to a hold rating and set a $69.00 target price on the stock. in a research report on Friday, April 12th. Mitsubishi UFJ Financial Group downgraded Anadarko Petroleum from an overweight rating to a neutral rating in a research report on Friday, April 12th. ValuEngine raised Anadarko Petroleum from a sell rating to a hold rating in a research report on Saturday, April 13th. BMO Capital Markets downgraded Anadarko Petroleum from an outperform rating to a market perform rating in a research report on Monday. Finally, Citigroup began coverage on Anadarko Petroleum in a research report on Monday, April 1st. They issued a buy rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $72.00.

NYSE:APC opened at $64.18 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $31.10 billion, a P/E ratio of 28.40, a P/E/G ratio of 2.59 and a beta of 1.55. Anadarko Petroleum has a 52-week low of $40.40 and a 52-week high of $76.70.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. Anadarko Petroleum’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. On average, analysts anticipate that Anadarko Petroleum will post 1.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, March 12th. Anadarko Petroleum’s payout ratio is currently 53.10%.

A number of institutional investors have recently bought and sold shares of the stock. Liberty Wealth Management LLC boosted its holdings in shares of Anadarko Petroleum by 78.6% during the first quarter. Liberty Wealth Management LLC now owns 552 shares of the oil and gas development company’s stock worth $25,000 after acquiring an additional 243 shares during the period. Claybrook Capital LLC bought a new stake in shares of Anadarko Petroleum during the fourth quarter worth approximately $29,000. Shine Investment Advisory Services Inc. boosted its holdings in shares of Anadarko Petroleum by 35.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after acquiring an additional 175 shares during the period. We Are One Seven LLC bought a new stake in shares of Anadarko Petroleum during the fourth quarter worth approximately $41,000. Finally, Legacy Bridge LLC bought a new stake in shares of Anadarko Petroleum during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

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).

Further Reading: Hedge Funds – Risk or Reward?

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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