Anadarko Petroleum Co. (NYSE:APC) – Equities research analysts at SunTrust Banks reduced their FY2019 earnings per share (EPS) estimates for shares of Anadarko Petroleum in a report issued on Tuesday, November 27th. SunTrust Banks analyst W. Fitzpatrick now forecasts that the oil and gas development company will earn $2.75 per share for the year, down from their prior forecast of $3.76. SunTrust Banks also issued estimates for Anadarko Petroleum’s FY2020 earnings at $2.57 EPS.
Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm earned ($0.77) earnings per share. The business’s quarterly revenue was up 48.1% on a year-over-year basis.
Shares of Anadarko Petroleum stock opened at $52.90 on Friday. Anadarko Petroleum has a one year low of $46.80 and a one year high of $76.70. The stock has a market capitalization of $27.08 billion, a P/E ratio of -26.99, a PEG ratio of 1.36 and a beta of 1.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87.
Several hedge funds and other institutional investors have recently made changes to their positions in APC. BlackRock Inc. boosted its stake in shares of Anadarko Petroleum by 11.8% in the 3rd quarter. BlackRock Inc. now owns 47,443,900 shares of the oil and gas development company’s stock worth $3,198,193,000 after buying an additional 5,004,406 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Anadarko Petroleum by 350.0% in the 3rd quarter. AQR Capital Management LLC now owns 5,737,992 shares of the oil and gas development company’s stock worth $386,798,000 after buying an additional 4,462,780 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Anadarko Petroleum by 46.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,941,486 shares of the oil and gas development company’s stock worth $581,714,000 after buying an additional 2,536,173 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Anadarko Petroleum by 192.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 3,200,687 shares of the oil and gas development company’s stock worth $215,758,000 after buying an additional 2,108,068 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Anadarko Petroleum by 9.2% in the 2nd quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock worth $1,754,305,000 after buying an additional 2,011,856 shares during the last quarter. Hedge funds and other institutional investors own 87.15% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Tuesday, December 11th. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s payout ratio is presently -51.02%.
About Anadarko Petroleum
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).
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