Anadarko Petroleum Corporation (APC) Earns “Hold” Rating from BMO Capital Markets
BMO Capital Markets reissued their hold rating on shares of Anadarko Petroleum Corporation (NYSE:APC) in a report released on Monday morning. The brokerage currently has a $53.00 price objective on the oil and gas development company’s stock.
APC has been the topic of several other research reports. Zacks Investment Research lowered shares of Anadarko Petroleum Corporation from a hold rating to a sell rating in a research report on Tuesday, July 11th. Susquehanna Bancshares Inc assumed coverage on shares of Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They issued a positive rating and a $60.00 target price on the stock. Citigroup Inc. dropped their target price on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a buy rating on the stock in a research report on Friday, July 21st. Stifel Nicolaus reiterated a buy rating and issued a $79.00 target price on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Cowen and Company set a $60.00 target price on shares of Anadarko Petroleum Corporation and gave the company a buy rating in a research report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $69.73.
Anadarko Petroleum Corporation (NYSE APC) opened at 42.35 on Monday. The company’s market cap is $23.73 billion. The firm’s 50 day moving average is $43.40 and its 200 day moving average is $52.01. Anadarko Petroleum Corporation has a 12-month low of $39.96 and a 12-month high of $73.33.
Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business earned ($0.60) EPS. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. Equities research analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is currently -5.14%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Clean Yield Group purchased a new stake in Anadarko Petroleum Corporation during the 1st quarter worth approximately $105,000. Assetmark Inc. increased its stake in Anadarko Petroleum Corporation by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after buying an additional 176 shares during the period. Guardian Life Insurance Co. of America increased its stake in Anadarko Petroleum Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after buying an additional 15 shares during the period. Winch Advisory Services LLC increased its stake in Anadarko Petroleum Corporation by 501.9% during the 1st quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock worth $126,000 after buying an additional 1,807 shares during the period. Finally, Fifth Third Bancorp increased its stake in Anadarko Petroleum Corporation by 33.9% during the 1st quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock worth $167,000 after buying an additional 680 shares during the period. 85.08% of the stock is currently owned by hedge funds and other institutional investors.
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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