Wall Street analysts expect that Anadarko Petroleum Co. (NYSE:APC) will report sales of $2.96 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Anadarko Petroleum’s earnings. The highest sales estimate is $3.36 billion and the lowest is $2.63 billion. Anadarko Petroleum posted sales of $2.72 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.8%. The firm is expected to issue its next earnings results on Monday, July 23rd.
On average, analysts expect that Anadarko Petroleum will report full year sales of $12.73 billion for the current fiscal year, with estimates ranging from $11.01 billion to $13.78 billion. For the next fiscal year, analysts expect that the business will report sales of $13.92 billion per share, with estimates ranging from $11.29 billion to $15.53 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Anadarko Petroleum.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, May 1st. The oil and gas development company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Anadarko Petroleum had a negative return on equity of 3.44% and a negative net margin of 0.15%. The business’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.60) EPS.
APC has been the subject of several analyst reports. Stifel Nicolaus set a $75.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Wednesday, March 28th. ValuEngine raised Anadarko Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, April 21st. Zacks Investment Research cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Jefferies Group set a $76.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, March 19th. Finally, Piper Jaffray Companies set a $74.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the stock. Anadarko Petroleum currently has a consensus rating of “Buy” and a consensus target price of $67.60.
Shares of Anadarko Petroleum traded down $1.47, hitting $67.59, on Friday, Marketbeat.com reports. 5,818,931 shares of the company’s stock were exchanged, compared to its average volume of 5,379,131. The stock has a market cap of $36.23 billion, a P/E ratio of -34.48, a P/E/G ratio of 2.65 and a beta of 1.26. Anadarko Petroleum has a 1-year low of $39.96 and a 1-year high of $72.70. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.17 and a current ratio of 1.17.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, June 12th. Anadarko Petroleum’s dividend payout ratio is presently -51.02%.
Anadarko Petroleum announced that its board has approved a stock buyback plan on Wednesday, February 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the oil and gas development company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors and hedge funds have recently bought and sold shares of APC. Avestar Capital LLC purchased a new stake in Anadarko Petroleum during the 4th quarter valued at approximately $129,000. Cerebellum GP LLC purchased a new stake in Anadarko Petroleum during the 4th quarter valued at approximately $131,000. Resources Investment Advisors Inc. purchased a new stake in Anadarko Petroleum during the 4th quarter valued at approximately $142,000. Clear Perspective Advisors LLC raised its stake in Anadarko Petroleum by 166.7% during the 4th quarter. Clear Perspective Advisors LLC now owns 3,200 shares of the oil and gas development company’s stock valued at $172,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Field & Main Bank purchased a new stake in Anadarko Petroleum during the 4th quarter valued at approximately $186,000. 89.21% of the stock is owned by hedge funds and other institutional investors.
About Anadarko Petroleum
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).
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