Anadarko Petroleum Co. (NASDAQ:APC) Stock Has Consensus Price Target of $21.80

Anadarko Petroleum Co. (NASDAQ:APC) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.80.

Several brokerages have weighed in on APC. Mizuho raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Friday, October 2nd. Weiss Ratings raised shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Zacks Research lowered shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, UBS Group dropped their price target on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th.

Insider Buying and Selling

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of Anadarko Petroleum stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Anadarko Petroleum

A number of hedge funds and other institutional investors have recently bought and sold shares of APC. Greenland Capital Management LP purchased a new position in shares of Anadarko Petroleum during the 2nd quarter valued at $264,000. Readystate Asset Management LP purchased a new position in Anadarko Petroleum during the second quarter worth about $1,696,000. State Street Corp bought a new position in Anadarko Petroleum in the 2nd quarter worth about $2,536,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Anadarko Petroleum in the 2nd quarter valued at about $4,579,000.

Anadarko Petroleum Trading Down 0.5%

NASDAQ APC opened at $16.24 on Thursday. The stock has a market capitalization of $204.14 million and a price-to-earnings ratio of 23.54. Anadarko Petroleum has a one year low of $14.50 and a one year high of $21.72. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. The business’s fifty day moving average is $18.24 and its 200-day moving average is $18.89.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $1.84 billion for the quarter. The company’s quarterly revenue was up 27.4% on a year-over-year basis. Equities research analysts predict that Anadarko Petroleum will post 0.95 EPS for the current year.

Anadarko Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were issued a dividend of $0.50 per share. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $2.00 dividend on an annualized basis and a yield of 12.3%. Anadarko Petroleum’s payout ratio is currently 289.86%.

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company explored for, developed and produced crude oil, natural gas and natural gas liquids, with operations focused primarily on onshore and offshore properties.

Anadarko’s U.S. activities included the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company held exploration and production interests in areas including Algeria, Ghana, Mozambique and South Africa.