Analysts expect Anadarko Petroleum Co. (NYSE:APC) to post $2.89 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Anadarko Petroleum’s earnings. The highest sales estimate is $3.19 billion and the lowest is $2.57 billion. Anadarko Petroleum reported sales of $3.77 billion in the same quarter last year, which would suggest a negative year over year growth rate of 23.3%. The company is expected to announce its next quarterly earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Anadarko Petroleum will report full-year sales of $2.89 billion for the current year, with estimates ranging from $10.43 billion to $13.61 billion. For the next financial year, analysts anticipate that the business will post sales of $13.41 billion per share, with estimates ranging from $11.68 billion to $14.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Anadarko Petroleum.
Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.15. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.50) EPS.
Several brokerages have recently issued reports on APC. Stifel Nicolaus set a $73.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, January 29th. Morgan Stanley raised their target price on shares of Anadarko Petroleum from $55.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Credit Suisse Group set a $71.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Finally, TheStreet upgraded shares of Anadarko Petroleum from a “d+” rating to a “c” rating in a research report on Tuesday, February 6th. Two investment 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’s stock. Anadarko Petroleum has an average rating of “Buy” and a consensus price target of $68.24.
A number of hedge funds have recently made changes to their positions in APC. Boston Partners raised its holdings in Anadarko Petroleum by 311.0% during the 3rd quarter. Boston Partners now owns 3,651,098 shares of the oil and gas development company’s stock worth $178,356,000 after buying an additional 2,762,834 shares during the period. Franklin Resources Inc. raised its holdings in Anadarko Petroleum by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 14,853,841 shares of the oil and gas development company’s stock worth $796,760,000 after buying an additional 1,723,576 shares during the period. Virtus Fund Advisers LLC raised its holdings in shares of Anadarko Petroleum by 2,503.4% in the fourth quarter. Virtus Fund Advisers LLC now owns 1,155,716 shares of the oil and gas development company’s stock valued at $61,993,000 after purchasing an additional 1,111,324 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Anadarko Petroleum in the fourth quarter valued at approximately $55,469,000. Finally, APG Asset Management N.V. raised its holdings in shares of Anadarko Petroleum by 635.6% in the third quarter. APG Asset Management N.V. now owns 802,196 shares of the oil and gas development company’s stock valued at $39,187,000 after purchasing an additional 693,138 shares during the last quarter. Hedge funds and other institutional investors own 83.82% of the company’s stock.
Shares of Anadarko Petroleum (NYSE:APC) traded down $1.93 during midday trading on Friday, hitting $58.47. 5,515,821 shares of the stock traded hands, compared to its average volume of 6,080,000. The company has a market cap of $31,990.00, a price-to-earnings ratio of -19.69, a PEG ratio of 4.10 and a beta of 1.42. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.13. Anadarko Petroleum has a one year low of $39.96 and a one year high of $66.66.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, March 13th. Anadarko Petroleum’s dividend payout ratio (DPR) is -6.73%.
Anadarko Petroleum announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 7th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.
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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.
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