Argus lowered shares of Anadarko Petroleum (NYSE:APC) from a buy rating to a hold rating in a research report report published on Tuesday morning, The Fly reports.
A number of other research analysts have also commented on the company. MKM Partners reiterated a neutral rating and set a $65.00 price target (down from $66.00) on shares of Anadarko Petroleum in a report on Monday. Royal Bank of Canada lowered Anadarko Petroleum from an outperform rating to a sector perform rating and cut their price target for the stock from $74.00 to $65.00 in a report on Monday. BMO Capital Markets lowered Anadarko Petroleum from an outperform rating to a market perform rating in a report on Monday. Mitsubishi UFJ Financial Group lowered Anadarko Petroleum from an overweight rating to a neutral rating in a report on Friday, April 12th. Finally, ValuEngine upgraded Anadarko Petroleum from a sell rating to a hold rating in a report on Saturday. Thirteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $73.58.
APC opened at $63.60 on Tuesday. Anadarko Petroleum has a twelve month low of $40.40 and a twelve month 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. The company has a market capitalization of $31.10 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.59 and a beta of 1.55.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts expect that Anadarko Petroleum will post 1.98 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a $0.30 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.89%. Anadarko Petroleum’s payout ratio is 53.10%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tortoise Capital Advisors L.L.C. grew its position in Anadarko Petroleum by 1.3% in the third 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 acquiring an additional 1,955 shares during the period. Bank of New York Mellon Corp grew its position in Anadarko Petroleum by 1.7% in the third 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 during the period. LPL Financial LLC grew its position in Anadarko Petroleum by 1.3% in the third 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 during the period. Vident Investment Advisory LLC grew its position in Anadarko Petroleum by 46.8% in the third quarter. Vident Investment Advisory LLC now owns 4,442 shares of the oil and gas development company’s stock valued at $300,000 after acquiring an additional 1,417 shares during the period. Finally, Verition Fund Management LLC grew its holdings in shares of Anadarko Petroleum by 50.5% during the third quarter. Verition Fund Management LLC now owns 24,899 shares of the oil and gas development company’s stock worth $1,678,000 after purchasing an additional 8,351 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.
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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