Anadarko Petroleum Corporation (APC) Given a $73.00 Price Target by Stifel Nicolaus Analysts
Stifel Nicolaus set a $73.00 price target on Anadarko Petroleum Corporation (NYSE:APC) in a research note issued to investors on Thursday. The firm currently has a buy rating on the oil and gas development company’s stock.
Other equities analysts also recently issued reports about the company. Scotiabank reaffirmed a buy rating and issued a $66.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, June 30th. Royal Bank Of Canada set a $78.00 price objective on Anadarko Petroleum Corporation and gave the company a buy rating in a report on Saturday, June 17th. 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. Citigroup Inc. decreased their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a buy rating for the company in a report on Friday, July 21st. Finally, Bank of America Corporation decreased their price objective on Anadarko Petroleum Corporation from $81.00 to $80.00 and set a buy rating for the company in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Anadarko Petroleum Corporation currently has an average rating of Buy and an average target price of $69.29.
Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 48.64 on Thursday. Anadarko Petroleum Corporation has a 1-year low of $39.96 and a 1-year high of $73.33. The company has a 50-day moving average of $44.61 and a 200-day moving average of $49.42. The firm’s market capitalization is $27.26 billion.
Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.42). The business had revenue of $2.72 billion during 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 for the quarter was up 41.8% compared to the same quarter last year. During the same period last year, the company earned ($0.60) earnings per share. Equities research analysts predict that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is -5.14%.
Anadarko Petroleum Corporation declared that its board has initiated a stock buyback program on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in APC. BlackRock Inc. raised its position in Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after acquiring an additional 40,958,268 shares in the last quarter. Dodge & Cox raised its position in Anadarko Petroleum Corporation by 43.7% in the second quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock worth $1,486,889,000 after acquiring an additional 9,965,600 shares in the last quarter. Franklin Resources Inc. raised its position in Anadarko Petroleum Corporation by 106.6% in the second quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock worth $652,661,000 after acquiring an additional 7,428,741 shares in the last quarter. JPMorgan Chase & Co. raised its position in Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after acquiring an additional 4,182,975 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Anadarko Petroleum Corporation by 5,465.5% in the second quarter. Janus Henderson Group PLC now owns 4,182,014 shares of the oil and gas development company’s stock worth $189,613,000 after acquiring an additional 4,106,872 shares in the last quarter. Hedge funds and other institutional investors own 85.05% 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.
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