Anadarko Petroleum Co. to Post Q3 2019 Earnings of $0.75 Per Share, Capital One Financial Forecasts (APC)
Anadarko Petroleum Co. (NYSE:APC) – Capital One Financial issued their Q3 2019 earnings per share (EPS) estimates for Anadarko Petroleum in a research note issued to investors on Thursday, November 8th. Capital One Financial analyst P. Johnston forecasts that the oil and gas development company will post earnings of $0.75 per share for the quarter.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the firm earned ($0.77) EPS. Anadarko Petroleum’s revenue for the quarter was up 48.1% on a year-over-year basis.
Shares of Anadarko Petroleum stock opened at $54.93 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.40. Anadarko Petroleum has a twelve month low of $46.80 and a twelve month high of $76.70. The stock has a market capitalization of $28.38 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45.
Institutional investors have recently modified their holdings of the company. ING Groep NV acquired a new position in shares of Anadarko Petroleum during the 2nd quarter worth approximately $4,363,000. Douglas Lane & Associates LLC acquired a new position in shares of Anadarko Petroleum during the 3rd quarter worth approximately $1,712,000. DFT Energy LP boosted its holdings in shares of Anadarko Petroleum by 175.9% during the 3rd quarter. DFT Energy LP now owns 200,000 shares of the oil and gas development company’s stock worth $13,482,000 after purchasing an additional 127,500 shares during the last quarter. Sigma Investment Counselors Inc. boosted its holdings in shares of Anadarko Petroleum by 4.4% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 38,800 shares of the oil and gas development company’s stock worth $2,616,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Anadarko Petroleum by 6.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 69,484 shares of the oil and gas development company’s stock worth $5,090,000 after purchasing an additional 4,075 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.
About Anadarko Petroleum
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).
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