UBS Group Cuts Anadarko Petroleum (NASDAQ:APC) Price Target to $21.00

Anadarko Petroleum (NASDAQ:APC) had its target price cut by UBS Group from $22.00 to $21.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the oil and gas development company’s stock.

Several other brokerages have also weighed in on APC. Mizuho boosted their price objective on Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Zacks Research lowered Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Weiss Ratings assumed coverage on Anadarko Petroleum in a research note on Thursday, May 28th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Anadarko Petroleum currently has a consensus rating of “Hold” and a consensus price target of $21.80.

Anadarko Petroleum Stock Performance

Shares of APC stock opened at $19.25 on Wednesday. The company’s fifty day moving average price is $19.53 and its two-hundred day moving average price is $24.41. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. The firm has a market capitalization of $241.97 million and a P/E ratio of 27.90. Anadarko Petroleum has a 12 month low of $17.00 and a 12 month high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last released its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $1.84 billion during the quarter. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, research analysts anticipate that Anadarko Petroleum will post 0.95 earnings per share for the current fiscal year.

Anadarko Petroleum Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a $0.50 dividend. This is a boost from Anadarko Petroleum’s previous dividend of $0.26. The ex-dividend date of this dividend is Tuesday, August 18th. Anadarko Petroleum’s payout ratio is 150.72%.

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.