Anadarko Petroleum Corp. (NYSE:APC) – Research analysts at Credit Agricole SA cut their FY2016 earnings per share estimates for shares of Anadarko Petroleum Corp. in a research report issued to clients and investors on Wednesday. Credit Agricole SA analyst A. Sen now expects that the brokerage will post earnings of ($2.86) per share for the year, down from their previous forecast of ($2.82). Credit Agricole SA has a “Underperform” rating and a $60.00 price target on the stock. Credit Agricole SA also issued estimates for Anadarko Petroleum Corp.’s FY2017 earnings at ($0.53) EPS and FY2018 earnings at $0.27 EPS.

Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings data on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.20. The business earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The company’s revenue was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS.

Earnings History and Estimates for Anadarko Petroleum Corp. (NYSE:APC)

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Thursday, June 30th. Vetr upgraded shares of Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $54.50 price objective on the stock in a report on Monday, June 27th. Bank of America Corp. reiterated a “buy” rating and set a $95.00 price objective (up from $85.00) on shares of Anadarko Petroleum Corp. in a report on Tuesday, June 21st. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $68.00 price objective (up from $67.00) on shares of Anadarko Petroleum Corp. in a report on Thursday, July 28th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-six have issued a buy rating to the stock. Anadarko Petroleum Corp. currently has a consensus rating of “Buy” and a consensus price target of $69.11.

Shares of Anadarko Petroleum Corp. (NYSE:APC) opened at 63.37 on Friday. Anadarko Petroleum Corp. has a 12 month low of $28.16 and a 12 month high of $73.77. The stock’s 50 day moving average is $59.62 and its 200 day moving average is $53.81. The stock’s market cap is $32.35 billion.

Several hedge funds and other institutional investors have recently modified their holdings of APC. Financial Architects Inc raised its position in shares of Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 950 shares during the period. Kanaly Trust Co raised its position in shares of Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 614 shares during the period. Security National Trust Co. raised its position in shares of Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock worth $114,000 after buying an additional 100 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of Anadarko Petroleum Corp. during the second quarter worth approximately $117,000. Finally, Signaturefd LLC raised its position in shares of Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock worth $122,000 after buying an additional 226 shares during the period. 78.98% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is -1.95%.

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.

5 Day Chart for NYSE:APC

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