Anadarko Petroleum Co. (NYSE:APC) – Analysts at SunTrust Banks reduced their Q1 2019 earnings per share estimates for shares of Anadarko Petroleum in a report released on Thursday, November 15th. SunTrust Banks analyst W. Fitzpatrick now anticipates that the oil and gas development company will earn $0.96 per share for the quarter, down from their previous estimate of $0.98. SunTrust Banks also issued estimates for Anadarko Petroleum’s Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.94 EPS, Q4 2019 earnings at $0.94 EPS, FY2019 earnings at $3.76 EPS, Q1 2020 earnings at $0.98 EPS, Q2 2020 earnings at $0.89 EPS and Q3 2020 earnings at $0.91 EPS.
A number of other brokerages have also recently commented on APC. Seaport Global Securities reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. Stifel Nicolaus dropped their price target on Anadarko Petroleum from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st. Zacks Investment Research cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Mizuho began coverage on Anadarko Petroleum in a research note on Monday, July 23rd. They issued a “buy” rating and a $102.00 price target for the company. Finally, ValuEngine cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $80.95.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company posted ($0.77) earnings per share. The firm’s revenue was up 48.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. TRUE Private Wealth Advisors acquired a new stake in Anadarko Petroleum in the third quarter valued at $163,000. Kiley Juergens Wealth Management LLC acquired a new stake in Anadarko Petroleum in the second quarter valued at $182,000. NN Investment Partners Holdings N.V. acquired a new stake in Anadarko Petroleum in the second quarter valued at $182,000. Beaton Management Co. Inc. acquired a new stake in Anadarko Petroleum in the second quarter valued at $202,000. Finally, Lido Advisors LLC acquired a new stake in Anadarko Petroleum in the second quarter valued at $202,000. Institutional investors and hedge funds own 87.15% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.16%. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 11th. Anadarko Petroleum’s dividend payout ratio is presently -51.02%.
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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