Anadarko Petroleum Co. (APC) Forecasted to Post Q2 2018 Earnings of $0.22 Per Share
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.
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.
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