Published On: Wed, Sep 14th, 2016

Anadarko Petroleum Corp. (APC) Price Target Raised to $68.00 at Citigroup Inc.

Anadarko Petroleum Corp. (NYSE:APC) had its target price upped by analysts at Citigroup Inc. from $65.00 to $68.00 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the oil and gas development company’s stock. Citigroup Inc.’s target price indicates a potential upside of 18.08% from the company’s current price.
A number of other equities research analysts also recently issued reports on APC. Howard Weil downgraded shares of Anadarko Petroleum Corp. from a “focus stock” rating to a “sector outperform” rating in a research report on Monday, May 16th. Sanford C. Bernstein reissued an “outperform” rating on shares of Anadarko Petroleum Corp. in a research report on Monday, May 16th. Scotiabank reissued a “sector outperform” rating and set a $76.00 price objective (up previously from $75.00) on shares of Anadarko Petroleum Corp. in a research report on Monday, May 16th. Vetr downgraded shares of Anadarko Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $52.80 price objective for the company. in a research report on Monday, May 16th. Finally, Argus restated a “buy” rating and set a $56.00 target price on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Anadarko Petroleum Corp. has an average rating of “Buy” and an average target price of $67.25.
Anadarko Petroleum Corp. (NYSE:APC) traded down 0.35% during midday trading on Tuesday, hitting $57.59. The company’s stock had a trading volume of 33,186,622 shares. The company’s 50 day moving average price is $54.69 and its 200 day moving average price is $51.30. Anadarko Petroleum Corp. has a 12 month low of $28.16 and a 12 month high of $73.87. The firm’s market cap is $29.40 billion.

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Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings data on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The firm earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm posted $0.01 EPS. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year. Analysts expect that Anadarko Petroleum Corp. will post ($2.84) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.35%. Anadarko Petroleum Corp.’s dividend payout ratio is currently -1.95%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Exxonmobil Investment Management Inc. TX raised its stake 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 worth $5,765,000 after buying an additional 9,896 shares during the last quarter. Capstone Asset Management Co. raised its stake 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 worth $6,720,000 after buying an additional 93,669 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake 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 worth $4,656,000 after buying an additional 14,971 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in Anadarko Petroleum Corp. during the first quarter worth $3,111,000. Finally, DnB Asset Management AS raised its stake 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 worth $84,874,000 after buying an additional 893,756 shares during the last quarter. 86.49% of the stock is owned by institutional investors and hedge funds.
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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