Anadarko Petroleum Corporation (NYSE:APC) Releases Quarterly Earnings Results, Misses Estimates By $0.42 EPS

Anadarko Petroleum Corporation (NYSE:APC) released its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42, Bloomberg Earnings reports. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company posted ($0.60) EPS. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year.

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 42.17 on Friday. The firm’s market cap is $23.63 billion. Anadarko Petroleum Corporation has a 52-week low of $41.22 and a 52-week high of $73.33. The stock’s 50 day moving average price is $44.29 and its 200-day moving average price is $54.51.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is currently -5.14%.

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A number of hedge funds and other institutional investors have recently modified their holdings of APC. Quantitative Investment Management LLC boosted its position in shares of Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock worth $9,176,000 after buying an additional 139,700 shares in the last quarter. Homrich & Berg boosted its position in shares of Anadarko Petroleum Corporation by 46.2% in the first quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock worth $561,000 after buying an additional 2,857 shares in the last quarter. Amalgamated Bank boosted its position in shares of Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock worth $2,151,000 after buying an additional 2,829 shares in the last quarter. Airain ltd boosted its position in shares of Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock worth $4,400,000 after buying an additional 40,878 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of Anadarko Petroleum Corporation by 134.7% in the first quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock worth $1,290,000 after buying an additional 11,937 shares in the last quarter. Hedge funds and other institutional investors own 84.40% of the company’s stock.

A number of equities analysts have commented on APC shares. Bank of America Corporation reissued a “buy” rating on shares of Anadarko Petroleum Corporation in a report on Thursday, May 11th. Citigroup Inc. initiated coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They issued a “positive” rating and a $60.00 price target for the company. They noted that the move was a valuation call. Morgan Stanley lowered Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price target for the company. in a research report on Wednesday, May 3rd. Stifel Nicolaus restated a “buy” rating and issued a $79.00 price target on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Wells Fargo & Company lowered Anadarko Petroleum Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $69.73.

About Anadarko Petroleum Corporation

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Earnings History for Anadarko Petroleum Corporation (NYSE:APC)

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