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.

APC has been the subject of several other research reports. Piper Jaffray Companies set a $98.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Bank of America set a $100.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a research note on Tuesday, July 31st. Jefferies Financial Group cut their price target on Anadarko Petroleum from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Zacks Investment Research cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Credit Suisse Group set a $89.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a report on Wednesday, October 31st. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Anadarko Petroleum presently has an average rating of “Buy” and a consensus price target of $81.20.

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

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