Anadarko Petroleum Co. (NASDAQ:APC) Stock Has Average Price Target of $21.80

Anadarko Petroleum Co. (NASDAQ:APC) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.80.

Several equities research analysts have weighed in on the stock. Weiss Ratings raised shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. UBS Group lowered their price objective on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Zacks Research cut Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, Mizuho upgraded shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Friday.

Insiders Place Their Bets

In other news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Anadarko Petroleum

Several institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in shares of Anadarko Petroleum during the 2nd quarter valued at $4,579,000. State Street Corp bought a new stake in Anadarko Petroleum during the second quarter valued at about $2,536,000. Readystate Asset Management LP purchased a new stake in Anadarko Petroleum in the second quarter worth about $1,696,000. Finally, Greenland Capital Management LP purchased a new stake in Anadarko Petroleum in the second quarter worth about $264,000.

Anadarko Petroleum Stock Performance

NASDAQ APC opened at $15.50 on Thursday. Anadarko Petroleum has a 1 year low of $14.50 and a 1 year high of $21.72. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. The stock has a market capitalization of $194.84 million and a PE ratio of 22.46. The company’s 50 day simple moving average is $18.50 and its two-hundred day simple moving average is $18.93.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $1.84 billion for the quarter. Anadarko Petroleum’s quarterly revenue was up 27.4% on a year-over-year basis. Analysts predict that Anadarko Petroleum will post 0.95 earnings per share for the current fiscal year.

Anadarko Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.50 per share. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.26. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend was Tuesday, August 18th. Anadarko Petroleum’s payout ratio is 289.86%.

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with operations spanning onshore and offshore assets.

Anadarko’s U.S. activities included significant positions in the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company participated in exploration and development projects in countries including Algeria, Ghana, Mozambique and Peru.