Anadarko Petroleum (APC) Cut to “Neutral” at Citigroup

Citigroup lowered shares of Anadarko Petroleum (NYSE:APC) from a buy rating to a neutral rating in a research note published on Wednesday, January 3rd, Marketbeat reports. They currently have $60.00 price target on the oil and gas development company’s stock.

Several other equities research analysts also recently weighed in on the company. Barclays upped their price target on Anadarko Petroleum from $35.00 to $37.00 and gave the stock an underweight rating in a report on Wednesday, October 11th. Stifel Nicolaus cut their price target on Anadarko Petroleum from $73.00 to $72.00 and set a buy rating on the stock in a report on Wednesday, November 1st. BMO Capital Markets set a $50.00 price objective on Anadarko Petroleum and gave the company a hold rating in a report on Tuesday, October 10th. Credit Suisse Group began coverage on Anadarko Petroleum in a report on Monday, December 11th. They issued an outperform rating and a $61.00 price objective on the stock. Finally, Seaport Global Securities upgraded Anadarko Petroleum from a neutral rating to a buy rating in a report on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $65.00.

Anadarko Petroleum (NYSE APC) traded up $3.09 during midday trading on Wednesday, reaching $58.50. The company’s stock had a trading volume of 11,122,200 shares, compared to its average volume of 5,216,013. The firm has a market capitalization of $32,230.00, a price-to-earnings ratio of -16.53 and a beta of 1.38. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03. Anadarko Petroleum has a one year low of $39.96 and a one year high of $72.32.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned ($0.89) EPS. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. equities research analysts predict that Anadarko Petroleum will post -2.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, December 12th. Anadarko Petroleum’s payout ratio is -5.65%.

Anadarko Petroleum declared that its board has authorized a stock repurchase program on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas development company to reacquire up to 10% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

A number of institutional investors have recently added to or reduced their stakes in APC. Optimum Investment Advisors grew its position in shares of Anadarko Petroleum by 0.9% in the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after purchasing an additional 100 shares during the period. Bienville Capital Management LLC boosted its holdings in Anadarko Petroleum by 2.0% in the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after acquiring an additional 112 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in Anadarko Petroleum by 0.8% in the second quarter. Stonebridge Capital Advisors LLC now owns 24,849 shares of the oil and gas development company’s stock valued at $1,127,000 after acquiring an additional 200 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in Anadarko Petroleum by 3.7% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 5,656 shares of the oil and gas development company’s stock valued at $256,000 after acquiring an additional 200 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its holdings in Anadarko Petroleum by 12.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock valued at $166,000 after acquiring an additional 402 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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