Stifel Nicolaus restated their buy rating on shares of Anadarko Petroleum Corporation (NYSE:APC) in a research note released on Sunday.

APC has been the topic of a number of other research reports. Zacks Investment Research lowered Anadarko Petroleum Corporation from a hold rating to a sell rating in a report on Tuesday, July 11th. Susquehanna Bancshares Inc assumed coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They set a positive rating and a $60.00 price objective on the stock. Citigroup Inc. lowered their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a buy rating on the stock in a report on Friday, July 21st. Cowen and Company set a $60.00 price objective on Anadarko Petroleum Corporation and gave the company a buy rating in a report on Wednesday, July 19th. Finally, UBS AG raised Anadarko Petroleum Corporation from a neutral rating to an overweight rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Anadarko Petroleum Corporation presently has an average rating of Buy and an average target price of $69.73.

Anadarko Petroleum Corporation (NYSE APC) opened at 42.35 on Friday. The firm has a 50-day moving average price of $43.40 and a 200-day moving average price of $52.01. The stock’s market cap is $23.73 billion. 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 issued its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.42. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business’s revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.60) EPS. Analysts forecast that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.47%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Guardian Life Insurance Co. of America raised its position in Anadarko Petroleum Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after purchasing an additional 15 shares during the last quarter. Klingenstein Fields & Co. LLC raised its position in Anadarko Petroleum Corporation by 0.8% in the 2nd quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after purchasing an additional 40 shares during the last quarter. Albert D Mason Inc. raised its position in Anadarko Petroleum Corporation by 0.5% in the 1st quarter. Albert D Mason Inc. now owns 13,576 shares of the oil and gas development company’s stock valued at $842,000 after purchasing an additional 65 shares during the last quarter. Optimum Investment Advisors raised its position in Anadarko Petroleum Corporation by 0.9% in the 2nd quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after purchasing an additional 100 shares during the last quarter. Finally, Cleararc Capital Inc. raised its position in Anadarko Petroleum Corporation by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 13,687 shares of the oil and gas development company’s stock valued at $849,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 85.08% of the company’s stock.

Anadarko Petroleum Corporation Company Profile

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.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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