Anadarko Petroleum Corporation (APC) Expected to Post FY2017 Earnings of ($2.46) Per Share

Anadarko Petroleum Corporation (NYSE:APC) – Research analysts at Jefferies Group decreased their FY2017 earnings per share estimates for Anadarko Petroleum Corporation in a research report issued on Thursday. Jefferies Group analyst M. Lear now anticipates that the oil and gas development company will earn ($2.46) per share for the year, down from their prior estimate of ($2.26). Jefferies Group currently has a “Buy” rating and a $57.00 target price on the stock. Jefferies Group also issued estimates for Anadarko Petroleum Corporation’s Q4 2017 earnings at ($0.32) EPS, Q1 2018 earnings at ($0.24) EPS, Q2 2018 earnings at ($0.30) EPS, Q3 2018 earnings at ($0.22) EPS, Q4 2018 earnings at ($0.19) EPS, FY2018 earnings at ($0.94) EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at ($0.06) EPS and FY2019 earnings at ($0.10) EPS.

Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.89) EPS.

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Other equities research analysts have also issued research reports about the stock. Mitsubishi UFJ Financial Group upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Thursday, July 27th. BidaskClub downgraded shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Scotiabank reaffirmed a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $78.00 price objective (down previously from $80.00) on shares of Anadarko Petroleum Corporation in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $67.35.

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at $49.51 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03.

A number of hedge funds have recently added to or reduced their stakes in the stock. Klingenstein Fields & Co. LLC lifted its stake in Anadarko Petroleum Corporation by 0.8% during the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after purchasing an additional 40 shares during the last quarter. Optimum Investment Advisors lifted its stake in Anadarko Petroleum Corporation by 0.9% during the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after purchasing an additional 100 shares during the last quarter. Bienville Capital Management LLC lifted its stake in Anadarko Petroleum Corporation by 2.0% during the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after purchasing an additional 112 shares during the last quarter. Honkamp Krueger Financial Services Inc. lifted its stake in Anadarko Petroleum Corporation by 1.0% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,721 shares of the oil and gas development company’s stock valued at $622,000 after purchasing an additional 135 shares during the last quarter. Finally, Berkshire Asset Management LLC PA lifted its stake in Anadarko Petroleum Corporation by 1.9% during the second quarter. Berkshire Asset Management LLC PA now owns 7,884 shares of the oil and gas development company’s stock valued at $357,000 after purchasing an additional 144 shares during the last quarter. 87.74% of the stock is owned by institutional investors and hedge funds.

Anadarko Petroleum Corporation announced that its board has approved a stock repurchase plan on Wednesday, September 20th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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 and Estimates for Anadarko Petroleum Corporation (NYSE:APC)

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