Anadarko Petroleum Co. (NYSE:APC) had its target price increased by stock analysts at Royal Bank of Canada from $82.00 to $84.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the oil and gas development company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 33.67% from the company’s current price.
A number of other equities analysts also recently commented on APC. Stifel Nicolaus upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and upped their target price for the company from $63.00 to $86.00 in a report on Thursday, December 1st. Seaport Global Securities downgraded Anadarko Petroleum from an “accumulate” rating to a “neutral” rating in a report on Friday, December 9th. TheStreet downgraded Anadarko Petroleum to a “sell” rating in a report on Tuesday, December 13th. Vetr downgraded Anadarko Petroleum from a “strong-buy” rating to a “buy” rating and set a $80.00 target price for the company. in a report on Tuesday, December 13th. Finally, Ladenburg Thalmann Financial Services initiated coverage on Anadarko Petroleum in a report on Monday, December 19th. They set a “buy” rating and a $85.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $76.52.
Shares of Anadarko Petroleum (NYSE:APC) opened at 62.84 on Friday. Anadarko Petroleum has a 1-year low of $43.52 and a 1-year high of $73.33. The stock has a 50 day moving average price of $65.95 and a 200 day moving average price of $64.82. The company’s market capitalization is $35.13 billion.
Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, January 31st. The oil and gas development company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by $0.06. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.32 billion. Anadarko Petroleum had a negative net margin of 39.03% and a negative return on equity of 10.57%. Anadarko Petroleum’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.57) EPS. On average, equities analysts anticipate that Anadarko Petroleum will post ($0.04) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 8th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Monday, March 6th. Anadarko Petroleum’s dividend payout ratio is -3.37%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of APC. FMR LLC increased its position in Anadarko Petroleum by 10.1% in the fourth quarter. FMR LLC now owns 35,291,542 shares of the oil and gas development company’s stock worth $2,460,879,000 after buying an additional 3,250,663 shares in the last quarter. State Street Corp increased its position in Anadarko Petroleum by 6.6% in the fourth quarter. State Street Corp now owns 28,405,456 shares of the oil and gas development company’s stock worth $1,980,720,000 after buying an additional 1,761,196 shares in the last quarter. Dodge & Cox purchased a new position in Anadarko Petroleum during the fourth quarter worth $1,596,608,000. BlackRock Institutional Trust Company N.A. increased its position in Anadarko Petroleum by 7.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,628,143 shares of the oil and gas development company’s stock worth $926,839,000 after buying an additional 974,069 shares in the last quarter. Finally, Carmignac Gestion increased its position in Anadarko Petroleum by 2.4% in the third quarter. Carmignac Gestion now owns 13,944,742 shares of the oil and gas development company’s stock worth $883,539,000 after buying an additional 325,000 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.
Anadarko Petroleum Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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