Royal Bank of Canada cut shares of Anadarko Petroleum (NYSE:APC) from an outperform rating to a sector perform rating in a research note published on Monday morning, Benzinga reports. Royal Bank of Canada currently has $65.00 price target on the oil and gas development company’s stock, down from their previous price target of $74.00.
Other analysts also recently issued research reports about the stock. Mitsubishi UFJ Financial Group reduced their price objective on shares of Anadarko Petroleum to $70.00 in a research report on Thursday, February 7th. Citigroup started coverage on shares of Anadarko Petroleum in a research report on Monday, April 1st. They set a buy rating and a $65.00 price objective for the company. Credit Suisse Group reaffirmed a buy rating and set a $73.00 price objective on shares of Anadarko Petroleum in a research report on Wednesday, December 19th. Guggenheim set a $69.00 price objective on shares of Anadarko Petroleum and gave the stock a buy rating in a research report on Friday, February 22nd. Finally, Mizuho reaffirmed a buy rating and set a $55.00 price objective on shares of Anadarko Petroleum in a research report on Tuesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Anadarko Petroleum currently has an average rating of Buy and an average target price of $73.84.
Shares of APC stock opened at $62.26 on Monday. The company has a market cap of $23.38 billion, a PE ratio of 27.55, a P/E/G ratio of 2.33 and a beta of 1.55. Anadarko Petroleum has a 52 week low of $40.40 and a 52 week high of $76.70. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.81 and a quick ratio of 0.81.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.19). The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. On average, sell-side analysts expect that Anadarko Petroleum will post 1.66 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.93%. The ex-dividend date was Tuesday, March 12th. Anadarko Petroleum’s payout ratio is currently 53.10%.
A number of hedge funds and other institutional investors have recently bought and sold shares of APC. Tortoise Capital Advisors L.L.C. grew its position in Anadarko Petroleum by 1.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 147,053 shares of the oil and gas development company’s stock valued at $9,913,000 after purchasing an additional 1,955 shares during the period. Bank of New York Mellon Corp lifted its stake in Anadarko Petroleum by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock valued at $544,639,000 after acquiring an additional 138,019 shares in the last quarter. LPL Financial LLC lifted its stake in Anadarko Petroleum by 1.3% during the 3rd quarter. LPL Financial LLC now owns 112,013 shares of the oil and gas development company’s stock valued at $7,551,000 after acquiring an additional 1,412 shares in the last quarter. BlueMountain Capital Management LLC lifted its stake in Anadarko Petroleum by 273.1% during the 3rd quarter. BlueMountain Capital Management LLC now owns 54,894 shares of the oil and gas development company’s stock valued at $3,700,000 after acquiring an additional 40,180 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Anadarko Petroleum by 41.4% during the 3rd quarter. Pacer Advisors Inc. now owns 33,938 shares of the oil and gas development company’s stock valued at $2,288,000 after acquiring an additional 9,932 shares in the last quarter. 87.05% of the stock is owned by institutional investors and hedge funds.
Anadarko Petroleum Company Profile
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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