Anadarko Petroleum Co. (NASDAQ:APC) Receives $22.00 Consensus Target Price from Brokerages

Shares of Anadarko Petroleum Co. (NASDAQ:APC) have been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $21.80.

Several analysts recently weighed in on APC shares. Weiss Ratings began coverage on Anadarko Petroleum in a research note on Thursday, May 28th. They issued a “sell (e)” rating on the stock. UBS Group dropped their target price on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Zacks Research lowered shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Mizuho upped their price objective on shares of Anadarko Petroleum from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th.

Anadarko Petroleum Stock Down 4.9%

Shares of APC opened at $18.55 on Wednesday. The firm has a 50 day simple moving average of $19.51 and a two-hundred day simple moving average of $23.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. Anadarko Petroleum has a one year low of $17.00 and a one year high of $21.72. The company has a market cap of $233.17 million and a P/E ratio of 26.88.

Anadarko Petroleum (NASDAQ:APC) last issued its earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $1.84 billion during the quarter. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. Research analysts forecast that Anadarko Petroleum will post 0.95 EPS for the current fiscal year.

Anadarko Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.26. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.8%. Anadarko Petroleum’s payout ratio is presently 150.72%.

Anadarko Petroleum Company Profile

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.