Anadarko Petroleum Co. (NASDAQ:APC) Stock Has Consensus Price Target of $21.80

Shares of Anadarko Petroleum Co. (NASDAQ:APC) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $21.80.

A number of equities analysts have issued reports on the stock. Mizuho raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Friday. Zacks Research downgraded shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Finally, UBS Group cut their price objective on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th.

Anadarko Petroleum Stock Up 1.7%

Anadarko Petroleum stock opened at $15.77 on Thursday. The business’s 50-day simple moving average is $18.40 and its two-hundred day simple moving average is $18.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.18. The company has a market cap of $198.23 million and a PE ratio of 22.86. Anadarko Petroleum has a fifty-two week low of $14.50 and a fifty-two week high of $21.72.

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

Anadarko Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.26. This represents a $2.00 annualized dividend and a yield of 12.7%. Anadarko Petroleum’s dividend payout ratio is currently 289.86%.

Insiders Place Their Bets

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Anadarko Petroleum

Several institutional investors and hedge funds have recently modified their holdings of APC. Citadel Advisors LLC purchased a new position in Anadarko Petroleum during the second quarter valued at approximately $4,579,000. State Street Corp acquired a new position in Anadarko Petroleum in the second quarter valued at approximately $2,536,000. Readystate Asset Management LP purchased a new stake in Anadarko Petroleum in the 2nd quarter worth approximately $1,696,000. Finally, Greenland Capital Management LP purchased a new stake in Anadarko Petroleum in the 2nd quarter worth approximately $264,000.

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company explored for, developed and produced crude oil, natural gas and natural gas liquids, with operations focused primarily on onshore and offshore properties.

Anadarko’s U.S. activities included the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company held exploration and production interests in areas including Algeria, Ghana, Mozambique and South Africa.