Anadarko Petroleum Co. (NYSE:APC) Receives $70.64 Consensus Price Target from Analysts

Anadarko Petroleum Co. (NYSE:APC) has received an average recommendation of “Hold” from the twenty-nine brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, twenty-three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $70.64.

A number of research firms recently weighed in on APC. Cowen reiterated a “buy” rating and issued a $71.00 price target on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. Seaport Global Securities lowered Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $71.60 price target for the company. in a research report on Wednesday, May 29th. MKM Partners increased their price target on Anadarko Petroleum to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Citigroup began coverage on Anadarko Petroleum in a research report on Monday, April 1st. They issued a “buy” rating and a $65.00 price target for the company. Finally, Susquehanna Bancshares reiterated a “neutral” rating and issued a $65.00 price target (up previously from $62.00) on shares of Anadarko Petroleum in a research report on Wednesday, April 17th.

APC stock traded up $0.28 during trading hours on Monday, hitting $70.06. 243,292 shares of the stock traded hands, compared to its average volume of 10,003,902. Anadarko Petroleum has a one year low of $40.40 and a one year high of $76.70. The stock has a market capitalization of $35.19 billion, a P/E ratio of 31.00, a P/E/G ratio of 4.01 and a beta of 1.72. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.51.

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 for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.23. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter last year, the company posted $0.52 EPS. Anadarko Petroleum’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that Anadarko Petroleum will post 2.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, June 11th. Anadarko Petroleum’s dividend payout ratio is currently 53.10%.

A number of institutional investors have recently made changes to their positions in APC. Norges Bank purchased a new stake in Anadarko Petroleum in the 4th quarter worth about $245,766,000. Millennium Management LLC lifted its stake in Anadarko Petroleum by 1,550.8% in the 4th quarter. Millennium Management LLC now owns 5,295,821 shares of the oil and gas development company’s stock worth $232,169,000 after acquiring an additional 4,975,016 shares in the last quarter. Harris Associates L P lifted its stake in Anadarko Petroleum by 49.9% in the 4th quarter. Harris Associates L P now owns 13,514,955 shares of the oil and gas development company’s stock worth $592,496,000 after acquiring an additional 4,500,125 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Anadarko Petroleum by 4,230.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,445,614 shares of the oil and gas development company’s stock worth $56,000 after acquiring an additional 2,389,141 shares in the last quarter. Finally, FMR LLC lifted its stake in Anadarko Petroleum by 12.1% in the 4th quarter. FMR LLC now owns 20,868,184 shares of the oil and gas development company’s stock worth $914,861,000 after acquiring an additional 2,251,077 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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