Anadarko Petroleum Corporation (NYSE:APC) has received a consensus recommendation of “Buy” from the thirty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, nineteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $66.91.

Several analysts have recently weighed in on the stock. Stifel Nicolaus set a $73.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday, October 5th. Atlantic Securities raised shares of Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating and increased their price target for the company from $49.05 to $62.00 in a research note on Friday, October 6th. Morgan Stanley set a $55.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “hold” rating in a research note on Wednesday. Jefferies Group LLC reissued a “buy” rating and issued a $57.00 price target on shares of Anadarko Petroleum Corporation in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, September 29th.

Shares of Anadarko Petroleum Corporation (APC) traded up 0.70% during mid-day trading on Wednesday, reaching $49.01. 4,590,624 shares of the company’s stock traded hands. The stock’s market capitalization is $27.46 billion. The company’s 50-day moving average price is $46.53 and its 200-day moving average price is $48.49. 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 posted its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the 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 firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company earned ($0.60) EPS. The business’s quarterly revenue was up 41.8% on a year-over-year basis. Analysts anticipate that Anadarko Petroleum Corporation will post ($2.05) earnings per share for the current year.

Anadarko Petroleum Corporation announced that its Board of Directors has authorized a share buyback plan on Wednesday, September 20th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Anadarko Petroleum Corporation by 8.2% in the 2nd quarter. BlackRock Inc. now owns 45,766,435 shares of the oil and gas development company’s stock valued at $2,075,051,000 after purchasing an additional 3,466,161 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Anadarko Petroleum Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 39,870,873 shares of the oil and gas development company’s stock valued at $1,807,745,000 after purchasing an additional 999,933 shares in the last quarter. Dodge & Cox raised its holdings in shares of Anadarko Petroleum Corporation by 43.7% in the 2nd quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock valued at $1,486,889,000 after purchasing an additional 9,965,600 shares in the last quarter. State Street Corp raised its holdings in shares of Anadarko Petroleum Corporation by 0.8% in the 2nd quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock valued at $1,298,599,000 after purchasing an additional 218,628 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Anadarko Petroleum Corporation by 106.6% in the 2nd quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock valued at $652,661,000 after purchasing an additional 7,428,741 shares in the last quarter. Institutional investors and hedge funds own 85.01% 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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