Several other equities analysts have also weighed in on the company. BMO Capital Markets increased their target price on Anadarko Petroleum from $65.00 to $70.00 and gave the company an outperform rating in a research note on Thursday. Macquarie raised Anadarko Petroleum from a neutral rating to an outperform rating and set a $70.00 target price on the stock in a research note on Thursday. Jefferies Group reissued a buy rating and issued a $78.00 target price on shares of Anadarko Petroleum in a research note on Thursday. Credit Suisse Group increased their target price on Anadarko Petroleum from $71.00 to $74.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Stifel Nicolaus reissued a buy rating and issued a $76.00 target price (up previously from $73.00) on shares of Anadarko Petroleum in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the company. Anadarko Petroleum presently has a consensus rating of Buy and a consensus price target of $67.95.
Anadarko Petroleum (NYSE APC) opened at $56.20 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03. Anadarko Petroleum has a one year low of $39.96 and a one year high of $70.00. The stock has a market capitalization of $30,750.00, a price-to-earnings ratio of -71.14, a PEG ratio of 894.29 and a beta of 1.42.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -25.32%.
Anadarko Petroleum announced that its board has approved a share buyback program on Wednesday, February 7th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fis Group Inc. bought a new position in shares of Anadarko Petroleum during the third quarter worth about $107,000. Stelac Advisory Services LLC bought a new position in shares of Anadarko Petroleum during the third quarter worth about $107,000. Steward Partners Investment Advisory LLC bought a new position in shares of Anadarko Petroleum during the third quarter worth about $116,000. Cerebellum GP LLC bought a new position in shares of Anadarko Petroleum during the fourth quarter worth about $131,000. Finally, Resources Investment Advisors Inc. bought a new position in shares of Anadarko Petroleum during the fourth quarter worth about $142,000. 88.02% of the stock is currently owned by institutional investors.
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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.
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