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.

WARNING: This story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/12/11/anadarko-petroleum-corporation-apc-to-issue-quarterly-dividend-of-0-05-on-december-27th.html.

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)

Receive News & Stock Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related stocks with our FREE daily email newsletter.