Anadarko Petroleum Co. (APC) Receives Average Rating of “Buy” from Analysts

Anadarko Petroleum Co. (NYSE:APC) has earned a consensus rating of “Buy” from the twenty-nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and twenty have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $63.75.

Several research analysts recently issued reports on APC shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of Anadarko Petroleum in a research report on Sunday, September 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 target price on shares of Anadarko Petroleum in a research report on Monday, September 4th. Barclays lifted their target price on Anadarko Petroleum from $35.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Scotiabank reaffirmed a “buy” rating and set a $62.00 target price on shares of Anadarko Petroleum in a research report on Wednesday, November 1st. Finally, Credit Suisse Group started coverage on Anadarko Petroleum in a research report on Monday, December 11th. They set an “outperform” rating and a $61.00 target price on the stock.

Anadarko Petroleum (NYSE:APC) opened at $53.64 on Monday. The stock has a market capitalization of $29,420.00, a P/E ratio of -15.15 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum has a 1 year low of $39.96 and a 1 year high of $72.32.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.89) EPS. research analysts forecast that Anadarko Petroleum will post -2.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a $0.05 dividend. The ex-dividend date was Tuesday, December 12th. This represents a $0.20 annualized dividend and a yield of 0.37%. Anadarko Petroleum’s dividend payout ratio is currently -5.65%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Fis Group Inc. bought a new stake in shares of Anadarko Petroleum in the third quarter valued at $107,000. Stelac Advisory Services LLC bought a new stake in shares of Anadarko Petroleum in the third quarter valued at $107,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Anadarko Petroleum in the third quarter valued at $116,000. Sun Life Financial INC raised its stake in shares of Anadarko Petroleum by 1,363.4% in the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,795 shares during the period. Finally, FNY Partners Fund LP raised its stake in shares of Anadarko Petroleum by 2,900.0% in the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,900 shares during the period. Hedge funds and other institutional investors own 87.76% of the company’s stock.

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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.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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