Anadarko Petroleum Co. (NYSE:APC) had its target price lifted by equities research analysts at Royal Bank of Canada from $82.00 to $84.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the oil and gas development company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 33.67% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Tuesday, January 24th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Anadarko Petroleum in a report on Tuesday, January 3rd. Barclays PLC boosted their price objective on Anadarko Petroleum from $60.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, January 23rd. TheStreet raised Anadarko Petroleum from a “d+” rating to a “c-” rating in a report on Friday, February 3rd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $75.00 price objective on shares of Anadarko Petroleum in a report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.52.
Anadarko Petroleum (NYSE:APC) opened at 62.84 on Friday. Anadarko Petroleum has a 12-month low of $43.52 and a 12-month high of $73.33. The firm’s 50-day moving average price is $65.95 and its 200 day moving average price is $64.82. The stock’s market cap is $35.13 billion.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas development company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by $0.06. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Anadarko Petroleum had a negative net margin of 39.03% and a negative return on equity of 10.57%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.57) EPS. Analysts anticipate that Anadarko Petroleum will post ($0.04) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 8th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.32%. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -3.37%.
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Several large investors have recently bought and sold shares of APC. Dodge & Cox bought a new stake in Anadarko Petroleum during the fourth quarter worth about $1,596,608,000. Elkhorn Investments LLC bought a new stake in Anadarko Petroleum during the fourth quarter worth about $1,101,000. Westport Asset Management Inc. bought a new stake in Anadarko Petroleum during the fourth quarter worth about $1,580,000. Norges Bank bought a new stake in Anadarko Petroleum during the fourth quarter worth about $353,173,000. Finally, I.G. Investment Management LTD. raised its stake in Anadarko Petroleum by 2.2% in the fourth quarter. I.G. Investment Management LTD. now owns 117,975 shares of the oil and gas development company’s stock worth $8,226,000 after buying an additional 2,501 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.
Anadarko Petroleum Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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