Anadarko Petroleum Co. (NASDAQ:APC) Given Consensus Recommendation of “Buy” by Analysts

Shares of Anadarko Petroleum Co. (NASDAQ:APC) have earned an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.60.

APC has been the subject of several analyst reports. UBS Group started coverage on shares of Anadarko Petroleum in a report on Monday, March 9th. They set a “buy” rating and a $22.00 price target for the company. Capital One Financial started coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They set an “overweight” rating and a $21.00 target price for the company. Zacks Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Raymond James Financial began coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued a “strong-buy” rating and a $23.00 price target on the stock. Finally, Stifel Nicolaus assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They set a “buy” rating and a $22.00 price target on the stock.

Anadarko Petroleum Stock Down 2.6%

Shares of Anadarko Petroleum stock opened at $19.12 on Friday. The stock has a market capitalization of $240.34 million, a price-to-earnings ratio of 44.47, a PEG ratio of 5.64 and a beta of 1.64. Anadarko Petroleum has a twelve month low of $17.00 and a twelve month high of $21.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The business’s 50 day simple moving average is $18.96 and its 200-day simple moving average is $45.07.

Anadarko Petroleum (NASDAQ:APC) last issued its quarterly earnings data on Friday, May 15th. The oil and gas development company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The business’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts forecast that Anadarko Petroleum will post 1.97 earnings per share for the current year.

Anadarko Petroleum Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, April 21st. Investors of record on Friday, April 10th were given a $0.26 dividend. The ex-dividend date was Friday, April 10th. Anadarko Petroleum’s dividend payout ratio (DPR) is currently 241.86%.

Insiders Place Their Bets

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $19.00, for a total transaction of $475,000.00. Following the completion of the transaction, the insider owned 125,000 shares in the company, valued at approximately $2,375,000. The trade was a 16.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.