Anadarko Petroleum (APC) Earns “Buy” Rating from Mizuho

Mizuho reaffirmed their buy rating on shares of Anadarko Petroleum (NYSE:APC) in a research report sent to investors on Tuesday. Mizuho currently has a $74.00 target price on the oil and gas development company’s stock.

A number of other research analysts have also commented on APC. Zacks Investment Research raised Anadarko Petroleum from a hold rating to a buy rating and set a $74.00 price target on the stock in a report on Monday, October 22nd. Citigroup lowered their price target on Anadarko Petroleum from $76.00 to $74.00 and set a neutral rating on the stock in a report on Monday, August 13th. Morgan Stanley lowered their price target on Anadarko Petroleum from $86.00 to $82.00 and set a hold rating on the stock in a report on Tuesday, September 4th. Stifel Nicolaus reissued a buy rating and set a $88.00 price target on shares of Anadarko Petroleum in a report on Monday, November 12th. Finally, Piper Jaffray Companies reissued an overweight rating and set a $85.00 price target on shares of Anadarko Petroleum in a report on Friday, September 28th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $79.67.

Shares of NYSE APC opened at $52.06 on Tuesday. Anadarko Petroleum has a 1-year low of $47.37 and a 1-year high of $76.70. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $26.02 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.31 and a beta of 1.49.

Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the business earned ($0.77) earnings per share. Anadarko Petroleum’s quarterly revenue was up 48.1% on a year-over-year basis. Sell-side analysts anticipate that Anadarko Petroleum will post 2.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.20 annualized dividend and a yield of 2.31%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -51.02%.

Hedge funds have recently made changes to their positions in the stock. Wesbanco Bank Inc. boosted its position in shares of Anadarko Petroleum by 7.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 10,997 shares of the oil and gas development company’s stock valued at $806,000 after purchasing an additional 806 shares during the period. Cobiz Wealth LLC boosted its position in shares of Anadarko Petroleum by 1.2% in the 3rd quarter. Cobiz Wealth LLC now owns 71,811 shares of the oil and gas development company’s stock valued at $4,841,000 after purchasing an additional 825 shares during the period. Welch & Forbes LLC boosted its position in shares of Anadarko Petroleum by 1.3% in the 3rd quarter. Welch & Forbes LLC now owns 75,094 shares of the oil and gas development company’s stock valued at $5,062,000 after purchasing an additional 940 shares during the period. FTB Advisors Inc. boosted its position in shares of Anadarko Petroleum by 23.2% in the 2nd quarter. FTB Advisors Inc. now owns 5,058 shares of the oil and gas development company’s stock valued at $369,000 after purchasing an additional 952 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Anadarko Petroleum by 1.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 85,768 shares of the oil and gas development company’s stock valued at $5,782,000 after purchasing an additional 991 shares during the period. 85.01% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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