FY2017 Earnings Estimate for Anadarko Petroleum Corporation Issued By Jefferies Group (APC)
Anadarko Petroleum Corporation (NYSE:APC) – Equities researchers at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for shares of Anadarko Petroleum Corporation in a research report issued on Thursday. Jefferies Group analyst M. Lear now anticipates that the oil and gas development company will earn ($2.46) per share for the year, down from their prior forecast of ($2.26). Jefferies Group currently has a “Buy” rating and a $57.00 price target on the stock. Jefferies Group also issued estimates for Anadarko Petroleum Corporation’s Q4 2017 earnings at ($0.32) EPS, Q1 2018 earnings at ($0.24) EPS, Q2 2018 earnings at ($0.30) EPS, Q3 2018 earnings at ($0.22) EPS, Q4 2018 earnings at ($0.19) EPS, FY2018 earnings at ($0.94) EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at ($0.06) EPS and FY2019 earnings at ($0.10) EPS.
Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.82% and a negative net margin of 17.13%. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.89) earnings per share. ILLEGAL ACTIVITY NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/08/fy2017-earnings-estimate-for-anadarko-petroleum-corporation-issued-by-jefferies-group-apc.html.
A number of other analysts also recently issued reports on APC. Zacks Investment Research downgraded Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BMO Capital Markets boosted their target price on Anadarko Petroleum Corporation from $50.00 to $53.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Cowen and Company set a $60.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 target price on shares of Anadarko Petroleum Corporation in a report on Thursday, July 20th. Finally, Citigroup Inc. reduced their target price 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. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Anadarko Petroleum Corporation presently has an average rating of “Buy” and an average price target of $67.35.
Shares of Anadarko Petroleum Corporation (NYSE APC) opened at $51.08 on Monday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum Corporation has a fifty-two week low of $39.96 and a fifty-two week high of $73.33.
Institutional investors have recently bought and sold shares of the business. Dodge & Cox boosted its stake in shares of Anadarko Petroleum Corporation by 43.7% during 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 buying an additional 9,965,600 shares during the period. Franklin Resources Inc. lifted its stake 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 during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Anadarko Petroleum Corporation by 5,465.5% in the 2nd quarter. Janus Henderson Group PLC now owns 4,182,014 shares of the oil and gas development company’s stock valued at $189,613,000 after purchasing an additional 4,106,872 shares during the last quarter. BlackRock Inc. raised its holdings in 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 worth $2,075,051,000 after acquiring an additional 3,466,161 shares during the period. Finally, Boston Partners raised its holdings in Anadarko Petroleum Corporation by 311.0% in the 3rd quarter. Boston Partners now owns 3,651,098 shares of the oil and gas development company’s stock worth $178,356,000 after acquiring an additional 2,762,834 shares during the period. Hedge funds and other institutional investors own 87.74% of the company’s stock.
Anadarko Petroleum Corporation declared that its Board of Directors has approved a stock repurchase program 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 buy up to 10% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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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