Anadarko Petroleum (APC) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Anadarko Petroleum (NYSE:APC) from a buy rating to a hold rating in a report issued on Thursday morning, BenzingaRatingsTable reports. Jefferies Financial Group currently has $79.00 target price on the oil and gas development company’s stock. Jefferies Financial Group also issued estimates for Anadarko Petroleum’s Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.41 EPS, Q1 2020 earnings at $0.33 EPS, Q2 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.43 EPS, Q4 2020 earnings at $0.56 EPS and FY2020 earnings at $1.71 EPS.

A number of other equities analysts also recently issued reports on the company. Societe Generale downgraded Anadarko Petroleum from a buy rating to a hold rating in a research note on Friday, April 12th. Mitsubishi UFJ Financial Group dropped their price target on Anadarko Petroleum to $70.00 in a research note on Thursday, February 7th. Credit Suisse Group dropped their price target on Anadarko Petroleum from $73.00 to $67.00 and set an outperform rating on the stock in a research note on Wednesday, February 6th. SunTrust Banks set a $55.00 price target on Anadarko Petroleum and gave the stock a hold rating in a research note on Tuesday, January 29th. Finally, Mizuho restated a buy rating and issued a $55.00 price target on shares of Anadarko Petroleum in a research note on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $69.32.

APC stock opened at $72.80 on Thursday. The firm has a market capitalization of $36.37 billion, a PE ratio of 32.21, a PEG ratio of 5.87 and a beta of 1.55. Anadarko Petroleum has a 1 year low of $40.40 and a 1 year high of $76.70. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.41.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.23. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. Anadarko Petroleum had a return on equity of 10.09% and a net margin of 3.53%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. On average, equities research analysts expect that Anadarko Petroleum will post 1.9 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Anadarko Petroleum by 1.3% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 147,053 shares of the oil and gas development company’s stock worth $9,913,000 after purchasing an additional 1,955 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in shares of Anadarko Petroleum by 46.8% in the third quarter. Vident Investment Advisory LLC now owns 4,442 shares of the oil and gas development company’s stock worth $300,000 after purchasing an additional 1,417 shares during the last quarter. IndexIQ Advisors LLC increased its holdings in shares of Anadarko Petroleum by 66.8% in the third quarter. IndexIQ Advisors LLC now owns 5,518 shares of the oil and gas development company’s stock worth $372,000 after purchasing an additional 2,209 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Anadarko Petroleum in the third quarter worth about $708,000. Finally, Kentucky Retirement Systems bought a new stake in shares of Anadarko Petroleum in the third quarter worth about $3,296,000. 87.11% of the stock is currently owned by institutional investors and hedge funds.

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).

Further Reading: What are retained earnings?

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.