Zacks: Brokerages Expect Anadarko Petroleum Co. (APC) Will Announce Earnings of -$0.13 Per Share

Wall Street brokerages expect Anadarko Petroleum Co. (NYSE:APC) to report ($0.13) earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have issued estimates for Anadarko Petroleum’s earnings, with the lowest EPS estimate coming in at ($0.58) and the highest estimate coming in at $0.37. Anadarko Petroleum reported earnings of ($0.50) per share during the same quarter last year, which indicates a positive year over year growth rate of 74%. The firm is expected to report its next earnings results on Tuesday, January 30th.

On average, analysts expect that Anadarko Petroleum will report full year earnings of ($2.25) per share for the current fiscal year, with EPS estimates ranging from ($2.64) to ($1.79). For the next year, analysts expect that the firm will post earnings of ($0.89) per share, with EPS estimates ranging from ($3.12) to ($0.15). Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Anadarko Petroleum.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 24.56% and a negative return on equity of 25.27%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted ($0.89) EPS. The business’s revenue was up 31.9% on a year-over-year basis.

A number of research analysts have recently issued reports on APC shares. Scotiabank set a $62.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Saturday, November 25th. Jefferies Group set a $62.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, August 28th. Cowen reiterated a “buy” rating and issued a $60.00 target price on shares of Anadarko Petroleum in a research note on Sunday, September 17th. Atlantic Securities upgraded shares of Anadarko Petroleum from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $49.05 to $62.00 in a research note on Friday, October 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $53.00 target price on shares of Anadarko Petroleum in a research note on Monday, September 4th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $64.55.

A number of hedge funds have recently bought and sold shares of APC. Artemis Investment Management LLP grew its holdings in Anadarko Petroleum by 8.0% during the 2nd quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock worth $1,658,000 after acquiring an additional 2,698 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Anadarko Petroleum by 1.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock worth $50,858,000 after acquiring an additional 17,411 shares during the period. Andra AP fonden grew its holdings in Anadarko Petroleum by 13.7% during the 2nd quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock worth $3,809,000 after acquiring an additional 10,100 shares during the period. Cipher Capital LP grew its holdings in Anadarko Petroleum by 364.8% during the 2nd quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock worth $6,367,000 after acquiring an additional 110,209 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in Anadarko Petroleum by 30.2% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 424,746 shares of the oil and gas development company’s stock worth $19,258,000 after acquiring an additional 98,545 shares during the period. Hedge funds and other institutional investors own 87.76% of the company’s stock.

Anadarko Petroleum (NYSE APC) traded up $0.86 during trading hours on Friday, hitting $49.39. 5,714,900 shares of the stock were exchanged, compared to its average volume of 5,053,266. Anadarko Petroleum has a 52 week low of $39.96 and a 52 week high of $72.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03.

Anadarko Petroleum declared that its board has authorized a stock repurchase program on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -5.63%.

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Anadarko Petroleum Company Profile

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.

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

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