Anadarko Petroleum Co. Forecasted to Earn Q2 2017 Earnings of $0.11 Per Share (APC)

Anadarko Petroleum Co. (NYSE:APC) – Capital One Financial Corp. issued their Q2 2017 EPS estimates for Anadarko Petroleum in a note issued to investors on Wednesday. Capital One Financial Corp. analyst P. Johnston anticipates that the oil and gas development company will post earnings of $0.11 per share for the quarter. Capital One Financial Corp. also issued estimates for Anadarko Petroleum’s Q3 2017 earnings at $0.18 EPS, Q4 2017 earnings at $0.23 EPS and FY2017 earnings at ($0.08) EPS.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, May 2nd. The oil and gas development company reported ($0.60) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.34. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $2.64 billion. Anadarko Petroleum had a negative net margin of 39.03% and a negative return on equity of 10.57%.

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Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

Several other research analysts have also recently issued reports on the company. Citigroup Inc reaffirmed a “buy” rating and set a $85.00 target price (up previously from $82.00) on shares of Anadarko Petroleum in a research report on Saturday, March 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 target price (up previously from $81.00) on shares of Anadarko Petroleum in a research report on Friday, January 13th. Barclays PLC lifted their target price on Anadarko Petroleum from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Monday, January 23rd. Atlantic Securities raised Anadarko Petroleum from an “underweight” rating to a “neutral” rating in a research report on Wednesday, February 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 target price on shares of Anadarko Petroleum in a research report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $76.00.

Shares of Anadarko Petroleum (NYSE:APC) opened at 51.33 on Monday. The stock’s 50 day moving average price is $60.16 and its 200-day moving average price is $64.81. Anadarko Petroleum has a 52 week low of $44.81 and a 52 week high of $73.33. The company’s market cap is $28.76 billion.

Institutional investors have recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Anadarko Petroleum by 1.4% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,463 shares of the oil and gas development company’s stock valued at $473,000 after buying an additional 100 shares during the period. Garrison Financial Corp boosted its position in shares of Anadarko Petroleum by 2.6% in the third quarter. Garrison Financial Corp now owns 40,328 shares of the oil and gas development company’s stock valued at $2,555,000 after buying an additional 1,006 shares during the period. Rothschild Capital Partners LLC bought a new position in shares of Anadarko Petroleum during the third quarter valued at $1,840,000. Argentus Capital Management LLC bought a new position in shares of Anadarko Petroleum during the third quarter valued at $121,000. Finally, Nordea Investment Management AB boosted its position in shares of Anadarko Petroleum by 6.0% in the third quarter. Nordea Investment Management AB now owns 445,980 shares of the oil and gas development company’s stock valued at $28,257,000 after buying an additional 25,103 shares during the period. Institutional investors own 88.16% of the company’s stock.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

5 Day Chart for NYSE:APC

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