Anadarko Petroleum Corporation (APC) To Go Ex-Dividend on December 12th

Anadarko Petroleum Corporation (NYSE:APC) declared a quarterly dividend on Wednesday, November 15th, RTT News reports. Shareholders of record on Wednesday, December 13th will be given a dividend of 0.05 per share by the oil and gas development company on Wednesday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Tuesday, December 12th.

Anadarko Petroleum has decreased its dividend by an average of 28.2% annually over the last three years. Anadarko Petroleum has a payout ratio of -8.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Anadarko Petroleum to earn ($0.92) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -21.7%.

Anadarko Petroleum (NYSE APC) opened at $47.11 on Thursday. Anadarko Petroleum has a fifty-two week low of $39.96 and a fifty-two week high of $73.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm earned ($0.89) earnings per share. Anadarko Petroleum’s revenue for the quarter was up 31.9% on a year-over-year basis. analysts forecast that Anadarko Petroleum will post -2.24 EPS for the current year.

Several research firms have commented on APC. Scotiabank set a $62.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. Barclays upped their price target on shares of Anadarko Petroleum from $37.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, November 20th. BMO Capital Markets upgraded shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating and upped their price target for the company from $53.00 to $57.00 in a research note on Friday, November 17th. Stifel Nicolaus decreased their price target on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Finally, Morgan Stanley set a $55.00 price target on shares of Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Anadarko Petroleum presently has an average rating of “Buy” and a consensus price target of $67.18.

Anadarko Petroleum declared that its board has approved a stock buyback plan on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas development company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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About Anadarko Petroleum

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.

Dividend History for Anadarko Petroleum (NYSE:APC)

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