Anadarko Petroleum (APC) Price Target Raised to $42.00

Anadarko Petroleum (NYSE:APC) had its price objective hoisted by Barclays from $39.00 to $42.00 in a research note published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has an underweight rating on the oil and gas development company’s stock.

A number of other equities analysts have also recently weighed in on the stock. Stifel Nicolaus restated a buy rating and set a $77.00 price objective (up from $76.00) on shares of Anadarko Petroleum in a research report on Monday, September 25th. Scotiabank restated a buy rating and set a $62.00 price objective on shares of Anadarko Petroleum in a research report on Wednesday, November 1st. Credit Suisse Group began coverage on shares of Anadarko Petroleum in a research report on Monday, December 11th. They set an outperform rating and a $61.00 price objective for the company. BMO Capital Markets set a $50.00 price objective on shares of Anadarko Petroleum and gave the stock a hold rating in a research report on Tuesday, October 10th. Finally, Cowen set a $60.00 price objective on shares of Anadarko Petroleum and gave the stock a buy rating in a research report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $64.52.

Shares of Anadarko Petroleum (APC) opened at $52.93 on Thursday. Anadarko Petroleum has a twelve month low of $39.96 and a twelve month high of $72.32. The stock has a market cap of $28,430.31, a price-to-earnings ratio of -14.91 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted ($0.89) earnings per share. The business’s quarterly revenue was up 31.9% on a year-over-year basis. analysts anticipate that Anadarko Petroleum will post -2.21 EPS for the current fiscal year.

Anadarko Petroleum announced that its board has initiated a stock buyback program on Wednesday, September 20th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas development company to purchase up to 10% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum’s payout ratio is currently -5.63%.

Institutional investors have recently added to or reduced their stakes in the stock. Fis Group Inc. purchased a new position in shares of Anadarko Petroleum in the third quarter valued at approximately $107,000. Stelac Advisory Services LLC purchased a new position in shares of Anadarko Petroleum in the third quarter valued at approximately $107,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Anadarko Petroleum in the third quarter valued at approximately $116,000. FNY Partners Fund LP boosted its stake in shares of Anadarko Petroleum by 2,900.0% in the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after purchasing an additional 2,900 shares during the period. Finally, Sun Life Financial INC boosted its stake in shares of Anadarko Petroleum by 1,363.4% in the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after purchasing an additional 2,795 shares during the period. Hedge funds and other institutional investors own 87.76% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Anadarko Petroleum (APC) Price Target Raised to $42.00” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/25/anadarko-petroleum-apc-price-target-raised-to-42-00.html.

Anadarko Petroleum Company Profile

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.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

What are top analysts saying about Anadarko Petroleum? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Anadarko Petroleum and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit