Anadarko Petroleum Corporation (NYSE:APC) declared a quarterly dividend on Wednesday, November 15th, RTT News reports. Shareholders of record on Wednesday, December 13th will be paid a dividend of 0.05 per share by the oil and gas development company on Wednesday, December 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Tuesday, December 12th.

Anadarko Petroleum has decreased its dividend by an average of 28.2% per year over the last three years. Anadarko Petroleum has a payout ratio of -8.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Anadarko Petroleum to earn ($0.92) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -21.7%.

Anadarko Petroleum (NYSE:APC) opened at $47.92 on Monday. Anadarko Petroleum has a one year low of $39.96 and a one year high of $73.33. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. Anadarko Petroleum’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.89) EPS. sell-side analysts expect that Anadarko Petroleum will post -2.24 earnings per share for the current fiscal year.

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

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Anadarko Petroleum from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price target (up previously from $76.00) on shares of Anadarko Petroleum in a research report on Monday, September 25th. Scotiabank set a $62.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Saturday, November 25th. Royal Bank Of Canada reissued a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a research report on Friday, September 29th. Finally, Cowen set a $60.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.18.

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Anadarko Petroleum 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.

Dividend History for Anadarko Petroleum (NYSE:APC)

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