Brokerages Anticipate Anadarko Petroleum Co. (APC) to Post -$0.02 Earnings Per Share

Brokerages expect Anadarko Petroleum Co. (NYSE:APC) to report earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Anadarko Petroleum’s earnings, with estimates ranging from ($0.52) to $0.34. Anadarko Petroleum posted earnings per share of ($0.60) during the same quarter last year, which suggests a positive year over year growth rate of 96.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, May 1st.

On average, analysts expect that Anadarko Petroleum will report full year earnings of $0.13 per share for the current year, with EPS estimates ranging from ($1.17) to $1.66. For the next year, analysts forecast that the company will report earnings of $0.14 per share, with EPS estimates ranging from ($1.39) to $1.46. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Anadarko Petroleum.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.38% and a negative net margin of 3.83%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned ($0.50) EPS. The firm’s revenue was up 22.7% compared to the same quarter last year.

A number of analysts have issued reports on APC shares. Scotiabank set a $62.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Saturday, November 25th. Stifel Nicolaus cut their target price on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Morgan Stanley set a $55.00 target price on Anadarko Petroleum and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Barclays raised their target price on Anadarko Petroleum from $39.00 to $42.00 and gave the stock an “underweight” rating in a research note on Thursday, December 21st. Finally, Cowen set a $70.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Thursday, January 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. Anadarko Petroleum has a consensus rating of “Buy” and a consensus target price of $67.95.

Shares of Anadarko Petroleum (NYSE APC) traded up $0.21 on Monday, hitting $58.93. The company’s stock had a trading volume of 841,895 shares, compared to its average volume of 5,735,177. Anadarko Petroleum has a twelve month low of $39.96 and a twelve month high of $70.00. The firm has a market cap of $32,150.00, a P/E ratio of -74.59, a PEG ratio of 894.29 and a beta of 1.42. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio (DPR) is -25.32%.

A number of institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of Anadarko Petroleum by 29.9% in the 4th quarter. Sei Investments Co. now owns 425,595 shares of the oil and gas development company’s stock valued at $22,805,000 after buying an additional 97,992 shares during the period. New Mexico Educational Retirement Board boosted its stake in shares of Anadarko Petroleum by 3.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 53,888 shares of the oil and gas development company’s stock valued at $2,891,000 after buying an additional 1,800 shares during the period. Rational Advisors LLC boosted its stake in shares of Anadarko Petroleum by 43.1% in the 4th quarter. Rational Advisors LLC now owns 16,925 shares of the oil and gas development company’s stock valued at $908,000 after buying an additional 5,100 shares during the period. Sentry Investment Management LLC boosted its stake in shares of Anadarko Petroleum by 2.4% in the 4th quarter. Sentry Investment Management LLC now owns 123,344 shares of the oil and gas development company’s stock valued at $6,616,000 after buying an additional 2,894 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Anadarko Petroleum by 18.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 9,917 shares of the oil and gas development company’s stock valued at $532,000 after buying an additional 1,511 shares during the period. Institutional investors own 88.02% of the company’s stock.

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About Anadarko Petroleum

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.

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Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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