Anadarko Petroleum Co. (NYSE:APC) – Equities researchers at Capital One Financial issued their Q2 2018 earnings per share (EPS) estimates for Anadarko Petroleum in a note issued to investors on Wednesday. Capital One Financial analyst P. Johnston forecasts that the oil and gas development company will earn $0.22 per share for the quarter. Capital One Financial also issued estimates for Anadarko Petroleum’s Q4 2018 earnings at $0.25 EPS.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.50) earnings per share.

A number of other analysts have also recently commented on the company. Stifel Nicolaus reduced their price target on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Seaport Global Securities upgraded Anadarko Petroleum from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $64.00 target price on shares of Anadarko Petroleum in a research report on Tuesday, January 9th. Royal Bank of Canada set a $63.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Credit Suisse Group started coverage on Anadarko Petroleum in a research report on Monday, December 11th. They set an “outperform” rating and a $61.00 target price for the company. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $68.35.

Shares of Anadarko Petroleum (APC) opened at $57.18 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.73 and a quick ratio of 2.03. The company has a market capitalization of $31,290.00, a PE ratio of -72.38, a price-to-earnings-growth ratio of 8.89 and a beta of 1.42. Anadarko Petroleum has a 1 year low of $39.96 and a 1 year high of $68.41.

Institutional investors have recently made changes to their positions in the stock. Stelac Advisory Services LLC bought a new position in Anadarko Petroleum during the third quarter valued at approximately $107,000. Fis Group Inc. bought a new position in Anadarko Petroleum during the third quarter valued at approximately $107,000. Steward Partners Investment Advisory LLC bought a new position in Anadarko Petroleum during the third quarter valued at approximately $116,000. Cerebellum GP LLC bought a new position in Anadarko Petroleum during the fourth quarter valued at approximately $131,000. Finally, Resources Investment Advisors Inc. bought a new position in Anadarko Petroleum during the fourth quarter valued at approximately $142,000. 87.82% of the stock is owned by institutional investors.

Anadarko Petroleum declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 7th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the oil and gas development company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. Anadarko Petroleum’s dividend payout ratio is presently -25.32%.

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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.

Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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