BidaskClub upgraded shares of Anadarko Petroleum Corporation (NYSE:APC) from a strong sell rating to a sell rating in a report released on Tuesday.
Other research analysts also recently issued reports about the stock. Royal Bank of Canada set a $78.00 target price on shares of Anadarko Petroleum Corporation and gave the company a buy rating in a research report on Saturday, June 17th. Morgan Stanley downgraded shares of Anadarko Petroleum Corporation from an overweight rating to an equal weight rating and set a $74.00 target price on the stock. in a research report on Wednesday, May 3rd. Jefferies Group LLC reiterated a buy rating and issued a $62.00 price target on shares of Anadarko Petroleum Corporation in a research report on Friday, April 28th. Bank of America Corporation reiterated a buy rating on shares of Anadarko Petroleum Corporation in a research report on Thursday, May 11th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $79.00 price target on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Anadarko Petroleum Corporation presently has a consensus rating of Buy and an average price target of $75.04.
Shares of Anadarko Petroleum Corporation (APC) opened at 43.36 on Tuesday. The company has a 50-day moving average of $49.05 and a 200 day moving average of $60.97. The company’s market capitalization is $24.30 billion. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33.
Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Tuesday, May 2nd. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.34. Anadarko Petroleum Corporation had a negative net margin of 23.64% and a negative return on equity of 8.94%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $2.64 billion. Analysts forecast that Anadarko Petroleum Corporation will post ($0.93) EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, June 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -4.45%.
In other news, Chairman R A. Walker bought 19,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the completion of the purchase, the chairman now owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony R. Chase bought 1,905 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $52.48 per share, with a total value of $99,974.40. Following the completion of the purchase, the director now directly owns 23,636 shares of the company’s stock, valued at approximately $1,240,417.28. The disclosure for this purchase can be found here. Insiders have bought a total of 41,205 shares of company stock valued at $2,136,700 over the last ninety days. Company insiders own 0.45% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in APC. GLG Partners LP purchased a new position in Anadarko Petroleum Corporation during the fourth quarter valued at $4,288,000. VR Advisory Services Ltd purchased a new position in Anadarko Petroleum Corporation during the fourth quarter valued at $6,973,000. GLG LLC boosted its position in Anadarko Petroleum Corporation by 6.8% in the fourth quarter. GLG LLC now owns 19,683 shares of the oil and gas development company’s stock valued at $1,372,000 after buying an additional 1,251 shares in the last quarter. Caxton Associates LP purchased a new position in Anadarko Petroleum Corporation during the fourth quarter valued at $1,917,000. Finally, Seven Eight Capital LP purchased a new position in Anadarko Petroleum Corporation during the fourth quarter valued at $1,113,000. 85.16% of the stock is owned by institutional investors and hedge funds.
About Anadarko Petroleum Corporation
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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