Anadarko Petroleum Corp. (APC) Given New $81.00 Price Target at Morgan Stanley

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Anadarko Petroleum Corp. (NYSE:APC) had its price target boosted by equities research analysts at Morgan Stanley from $74.00 to $81.00 in a research note issued on Tuesday. The brokerage currently has an “overweight” rating on the oil and gas development company’s stock. Morgan Stanley’s price target would suggest a potential upside of 40.65% from the stock’s current price.
A number of other equities analysts have also commented on the company. Royal Bank Of Canada raised their price objective on Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday. Citigroup Inc. raised their price objective on Anadarko Petroleum Corp. from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Tuesday, July 12th. Credit Suisse Group AG restated a “hold” rating and set a $68.00 price objective on shares of Anadarko Petroleum Corp. in a research note on Monday. Finally, Vetr lowered Anadarko Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $52.80 price objective on the stock. in a research note on Monday, May 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $67.25.
Shares of Anadarko Petroleum Corp. (NYSE:APC) traded down 0.35% during mid-day trading on Tuesday, reaching $57.59. The company’s stock had a trading volume of 33,186,622 shares. The firm has a 50 day moving average price of $54.69 and a 200 day moving average price of $51.30. The firm’s market cap is $29.40 billion. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $73.87.

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Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.20. The business earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Anadarko Petroleum Corp. had a negative return on equity of 9.88% and a negative net margin of 71.09%. The firm’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period last year, the firm posted $0.01 EPS. On average, equities analysts predict that Anadarko Petroleum Corp. will post ($2.84) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is presently -1.95%.
Institutional investors have recently added to or reduced their stakes in the stock. Exxonmobil Investment Management Inc. TX raised its position in Anadarko Petroleum Corp. by 8.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 123,792 shares of the oil and gas development company’s stock valued at $5,765,000 after buying an additional 9,896 shares in the last quarter. Capstone Asset Management Co. increased its position in Anadarko Petroleum Corp. by 185.0% in the first quarter. Capstone Asset Management Co. now owns 144,308 shares of the oil and gas development company’s stock valued at $6,720,000 after buying an additional 93,669 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Anadarko Petroleum Corp. by 17.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,968 shares of the oil and gas development company’s stock valued at $4,656,000 after buying an additional 14,971 shares during the last quarter. CENTRAL TRUST Co purchased a new position in Anadarko Petroleum Corp. during the first quarter valued at approximately $3,111,000. Finally, DnB Asset Management AS increased its position in Anadarko Petroleum Corp. by 96.2% in the first quarter. DnB Asset Management AS now owns 1,822,507 shares of the oil and gas development company’s stock valued at $84,874,000 after buying an additional 893,756 shares during the last quarter. 86.49% of the stock is owned by institutional investors.
Anadarko Petroleum Corp. Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

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