Credit Suisse Group assumed coverage on shares of Anadarko Petroleum (NYSE:APC) in a research report sent to investors on Monday, Marketbeat.com reports. The brokerage issued an outperform rating and a $61.00 target price on the oil and gas development company’s stock.

APC has been the topic of several other reports. Scotiabank set a $62.00 target price on Anadarko Petroleum and gave the company a buy rating in a research report on Saturday, November 25th. Jefferies Group set a $62.00 target price on Anadarko Petroleum and gave the company a buy rating in a research report on Monday, August 28th. Cowen reissued a buy rating and issued a $60.00 target price on shares of Anadarko Petroleum in a research report on Sunday, September 17th. Atlantic Securities raised Anadarko Petroleum from a neutral rating to an overweight rating and upped their target price for the company from $49.05 to $62.00 in a research report on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $53.00 price target on shares of Anadarko Petroleum in a research report on Monday, September 4th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $66.23.

Anadarko Petroleum (NYSE APC) opened at $48.26 on Monday. 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 has a 12-month low of $39.96 and a 12-month high of $72.50.

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

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is presently -5.63%.

Large investors have recently bought and sold shares of the company. Stelac Advisory Services LLC acquired a new stake in shares of Anadarko Petroleum during the 3rd quarter valued at about $107,000. Fis Group Inc. acquired a new stake in shares of Anadarko Petroleum during the 3rd quarter valued at about $107,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Anadarko Petroleum during the 3rd quarter valued at about $116,000. FNY Partners Fund LP grew its position in shares of Anadarko Petroleum by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,900 shares during the period. Finally, Sun Life Financial INC grew its position in shares of Anadarko Petroleum by 1,363.4% during the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,795 shares during the period. Hedge funds and other institutional investors own 87.91% of the company’s stock.

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About Anadarko Petroleum

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 (NYSE:APC)

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