Equities research analysts expect Anadarko Petroleum Co. (NYSE:APC) to announce sales of $2.89 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Anadarko Petroleum’s earnings, with the lowest sales estimate coming in at $2.57 billion and the highest estimate coming in at $3.19 billion. Anadarko Petroleum reported sales of $3.77 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.3%. The firm is scheduled to announce its next 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 fiscal year, with estimates ranging from $10.43 billion to $13.61 billion. For the next financial year, analysts anticipate that the business will report sales of $13.41 billion per share, with estimates ranging from $11.68 billion to $14.63 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Anadarko Petroleum.
Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted ($0.50) earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year.
Several research analysts have recently weighed in on APC shares. Stifel Nicolaus decreased their price target on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Scotiabank restated a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum in a research note on Wednesday, November 1st. BMO Capital Markets upgraded Anadarko Petroleum from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $53.00 to $57.00 in a research note on Friday, November 17th. Barclays boosted their price target on Anadarko Petroleum from $37.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday, November 20th. Finally, Credit Suisse Group started coverage on Anadarko Petroleum in a research note on Monday, December 11th. They issued an “outperform” rating and a $61.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company. Anadarko Petroleum currently has a consensus rating of “Buy” and a consensus price target of $68.24.
A number of institutional investors have recently bought and sold shares of APC. Boston Partners grew its holdings in Anadarko Petroleum by 311.0% during the third quarter. Boston Partners now owns 3,651,098 shares of the oil and gas development company’s stock valued at $178,356,000 after purchasing an additional 2,762,834 shares during the period. Franklin Resources Inc. grew its holdings in Anadarko Petroleum by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 14,853,841 shares of the oil and gas development company’s stock valued at $796,760,000 after purchasing an additional 1,723,576 shares during the period. Virtus Fund Advisers LLC grew its holdings in Anadarko Petroleum by 2,503.4% during 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 period. Mackenzie Financial Corp bought a new stake in Anadarko Petroleum during the fourth quarter valued at about $55,469,000. Finally, APG Asset Management N.V. grew its holdings in Anadarko Petroleum by 635.6% during 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 period. Institutional investors own 83.82% of the company’s stock.
Anadarko Petroleum (NYSE:APC) traded down $1.93 during mid-day trading on Friday, hitting $58.47. The stock had a trading volume of 5,515,821 shares, compared to its average volume of 6,080,000. Anadarko Petroleum has a 52-week low of $39.96 and a 52-week high of $66.66. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $31,990.00, a PE ratio of -19.69, a P/E/G ratio of 4.10 and a beta of 1.42.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, March 13th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio is -6.73%.
Anadarko Petroleum announced that its board has approved a share repurchase plan on Wednesday, February 7th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are 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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