JPMorgan Chase & Co. set a $66.00 target price on Anadarko Petroleum (NYSE:APC) in a research note published on Friday morning. The firm currently has a buy rating on the oil and gas development company’s stock.
Other analysts have also issued research reports about the company. Johnson Rice lowered Anadarko Petroleum from a buy rating to an accumulate rating in a research note on Wednesday, August 15th. Bank of America set a $100.00 price objective on Anadarko Petroleum and gave the company a buy rating in a research note on Tuesday, September 4th. BMO Capital Markets restated a buy rating and issued a $85.00 price objective on shares of Anadarko Petroleum in a research note on Thursday, October 11th. Piper Jaffray Companies set a $85.00 price objective on Anadarko Petroleum and gave the company a buy rating in a research note on Sunday, September 30th. Finally, Stifel Nicolaus set a $82.00 price objective on Anadarko Petroleum and gave the company a buy rating in a research note on Wednesday, August 29th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $79.67.
NYSE:APC traded up $0.47 on Friday, hitting $52.06. The company’s stock had a trading volume of 5,297,518 shares, compared to its average volume of 4,719,211. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $26.02 billion, a price-to-earnings ratio of -26.56, a P/E/G ratio of 1.31 and a beta of 1.49. Anadarko Petroleum has a one year low of $47.37 and a one year high of $76.70.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. Anadarko Petroleum’s quarterly revenue was up 48.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.77) EPS. Equities research analysts expect that Anadarko Petroleum will post 2.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s dividend payout ratio (DPR) is -51.02%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Douglas Lane & Associates LLC acquired a new stake in Anadarko Petroleum during the third quarter worth approximately $1,712,000. ING Groep NV acquired a new stake in Anadarko Petroleum during the second quarter worth approximately $4,363,000. Sigma Investment Counselors Inc. grew its position in Anadarko Petroleum by 4.4% during the third quarter. Sigma Investment Counselors Inc. now owns 38,800 shares of the oil and gas development company’s stock worth $2,616,000 after buying an additional 1,636 shares in the last quarter. DFT Energy LP grew its position in Anadarko Petroleum by 175.9% during the third quarter. DFT Energy LP now owns 200,000 shares of the oil and gas development company’s stock worth $13,482,000 after buying an additional 127,500 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Anadarko Petroleum by 6.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 69,484 shares of the oil and gas development company’s stock worth $5,090,000 after buying an additional 4,075 shares in the last quarter. Institutional investors own 85.01% of the company’s stock.
About Anadarko Petroleum
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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