Equities research analysts forecast that Anadarko Petroleum Co. (NYSE:APC) will post $3.23 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Anadarko Petroleum’s earnings. The lowest sales estimate is $2.82 billion and the highest is $3.53 billion. Anadarko Petroleum posted sales of $3.29 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.8%. The firm is scheduled to report its next quarterly earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Anadarko Petroleum will report full year sales of $14.08 billion for the current financial year, with estimates ranging from $13.27 billion to $14.92 billion. For the next fiscal year, analysts forecast that the company will post sales of $15.96 billion, with estimates ranging from $13.87 billion to $21.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Anadarko Petroleum.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.23. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year.
APC has been the topic of a number of recent research reports. Guggenheim set a $69.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research raised Anadarko Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Mizuho lowered Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Tuesday, March 19th. Citigroup began coverage on Anadarko Petroleum in a research report on Monday, April 1st. They set a “buy” rating and a $65.00 target price for the company. Finally, Societe Generale lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $70.25.
Shares of Anadarko Petroleum stock traded down $0.07 on Tuesday, hitting $70.00. The stock had a trading volume of 293,941 shares, compared to its average volume of 9,826,300. 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 1.51, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $35.13 billion, a P/E ratio of 30.97, a P/E/G ratio of 3.99 and a beta of 1.72.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $1.20 annualized dividend and a yield of 1.71%. Anadarko Petroleum’s dividend payout ratio is currently 53.10%.
A number of hedge funds and other institutional investors have recently modified their holdings of APC. Coastal Investment Advisors Inc. bought a new stake in shares of Anadarko Petroleum during the 1st quarter valued at about $25,000. Enterprise Financial Services Corp boosted its position in shares of Anadarko Petroleum by 103.7% during the 1st quarter. Enterprise Financial Services Corp now owns 546 shares of the oil and gas development company’s stock valued at $25,000 after acquiring an additional 278 shares during the last quarter. Liberty Wealth Management LLC boosted its position in shares of Anadarko Petroleum by 78.6% during the 1st quarter. Liberty Wealth Management LLC now owns 552 shares of the oil and gas development company’s stock valued at $25,000 after acquiring an additional 243 shares during the last quarter. Claybrook Capital LLC bought a new stake in shares of Anadarko Petroleum during the 4th quarter valued at about $29,000. Finally, Shine Investment Advisory Services Inc. boosted its position in shares of Anadarko Petroleum by 35.0% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.
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).
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