Anadarko Petroleum Corp. (NYSE:APC) has earned a consensus recommendation of “Buy” from the thirty-seven ratings firms that are currently covering the firm. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-six have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $67.93.

Several brokerages have recently commented on APC. Iberia Capital restated a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Wednesday, July 27th. JPMorgan Chase & Co. set a $70.00 price objective on shares of Anadarko Petroleum Corp. and gave the company a “buy” rating in a research report on Saturday, September 17th. BMO Capital Markets restated a “hold” rating and set a $55.00 price objective on shares of Anadarko Petroleum Corp. in a research report on Wednesday, July 27th. Bank of America Corp. restated a “buy” rating and set a $95.00 price objective (up from $85.00) on shares of Anadarko Petroleum Corp. in a research report on Tuesday, June 21st. Finally, Barclays PLC raised their price objective on shares of Anadarko Petroleum Corp. from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, July 29th.

Anadarko Petroleum Corp. (NYSE:APC) traded down 0.97% during mid-day trading on Friday, reaching $63.45. 1,364,262 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $59.39 and a 200-day moving average price of $53.69. The stock’s market capitalization is $32.39 billion. Anadarko Petroleum Corp. has a 12-month low of $28.16 and a 12-month high of $73.87.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm earned $0.01 earnings per share. The company’s quarterly revenue was down 27.4% on a year-over-year basis. Equities research analysts expect that Anadarko Petroleum Corp. will post ($2.71) EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.31%. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is presently -1.95%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its position in Anadarko Petroleum Corp. by 67.6% in the first quarter. IFP Advisors Inc now owns 2,836 shares of the oil and gas development company’s stock valued at $132,000 after buying an additional 1,144 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in Anadarko Petroleum Corp. during the first quarter valued at approximately $3,292,000. Brookfield Asset Management Inc. raised its position in Anadarko Petroleum Corp. by 488.0% in the first quarter. Brookfield Asset Management Inc. now owns 10,290 shares of the oil and gas development company’s stock valued at $479,000 after buying an additional 8,540 shares during the period. M&T Bank Corp raised its position in Anadarko Petroleum Corp. by 6.1% in the first quarter. M&T Bank Corp now owns 103,661 shares of the oil and gas development company’s stock valued at $4,827,000 after buying an additional 5,916 shares during the period. Finally, Investec Asset Management LTD raised its position in Anadarko Petroleum Corp. by 22.0% in the first quarter. Investec Asset Management LTD now owns 733,372 shares of the oil and gas development company’s stock valued at $34,153,000 after buying an additional 132,061 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

About Anadarko Petroleum Corp.

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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