Anadarko Petroleum Co. (APC) Expected to Announce Earnings of $0.54 Per Share

Analysts expect Anadarko Petroleum Co. (NYSE:APC) to announce earnings per share of $0.54 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Anadarko Petroleum’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.39. Anadarko Petroleum posted earnings per share of ($0.77) in the same quarter last year, which would suggest a positive year-over-year growth rate of 170.1%. The business is expected to issue its next quarterly earnings report on Monday, July 23rd.

On average, analysts expect that Anadarko Petroleum will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $1.85 to $3.85. For the next year, analysts forecast that the business will post earnings of $3.15 per share, with EPS estimates ranging from $1.60 to $5.12. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Anadarko Petroleum.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, May 1st. The oil and gas development company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Anadarko Petroleum had a negative return on equity of 3.44% and a negative net margin of 0.15%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company earned ($0.60) EPS. The company’s revenue was down 19.2% on a year-over-year basis.

A number of research firms have commented on APC. TheStreet upgraded Anadarko Petroleum from a “d+” rating to a “c” rating in a research note on Tuesday, February 6th. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, February 14th. Macquarie upgraded Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and set a $76.00 price objective (up previously from $73.00) on shares of Anadarko Petroleum in a research note on Wednesday, February 7th. Finally, Piper Jaffray Companies set a $72.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Sunday, February 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $67.60.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in shares of Anadarko Petroleum by 12.3% during the 4th quarter. LPL Financial LLC now owns 79,895 shares of the oil and gas development company’s stock valued at $4,286,000 after acquiring an additional 8,761 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Anadarko Petroleum by 7.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,454 shares of the oil and gas development company’s stock valued at $723,000 after acquiring an additional 906 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Anadarko Petroleum during the 4th quarter valued at $55,469,000. Xact Kapitalforvaltning AB boosted its holdings in shares of Anadarko Petroleum by 14.3% during the 4th quarter. Xact Kapitalforvaltning AB now owns 53,994 shares of the oil and gas development company’s stock valued at $2,896,000 after acquiring an additional 6,756 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Anadarko Petroleum by 2.9% during the 4th quarter. American International Group Inc. now owns 217,022 shares of the oil and gas development company’s stock valued at $11,641,000 after acquiring an additional 6,123 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

Anadarko Petroleum stock traded down $1.47 during mid-day trading on Friday, reaching $67.59. 5,818,931 shares of the company were exchanged, compared to its average volume of 5,379,131. Anadarko Petroleum has a 12 month low of $39.96 and a 12 month high of $72.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $36.23 billion, a PE ratio of -34.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.26.

Anadarko Petroleum declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 7th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.48%. Anadarko Petroleum’s payout ratio is -51.02%.

Anadarko Petroleum Company Profile

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).

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

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