Anadarko Petroleum Corp. (NYSE:APC) had its price objective raised by research analysts at Deutsche Bank AG from $60.00 to $64.00 in a report issued on Thursday. The firm presently has a “hold” rating on the oil and gas development company’s stock. Deutsche Bank AG’s target price points to a potential upside of 15.07% from the stock’s previous close.
A number of other brokerages also recently issued reports on APC. 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 report on Tuesday. Morgan Stanley raised their price objective on Anadarko Petroleum Corp. from $74.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday. 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 report on Tuesday. Johnson Rice raised Anadarko Petroleum Corp. from an “accumulate” rating to a “buy” rating in a research report on Tuesday. Finally, Bank of America Corp. reissued a “buy” rating and set a $95.00 price objective on shares of Anadarko Petroleum Corp. in a research report on Tuesday. Two 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 an average rating of “Buy” and a consensus target price of $67.55.
Anadarko Petroleum Corp. (NYSE:APC) traded up 0.97% during mid-day trading on Thursday, hitting $56.16. 1,801,610 shares of the company’s stock traded hands. The stock’s market cap is $28.67 billion. Anadarko Petroleum Corp. has a one year low of $28.16 and a one year high of $73.87. The firm’s 50-day moving average price is $54.72 and its 200-day moving average price is $51.33.
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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, topping analysts’ consensus estimates of ($0.80) by $0.20. The firm earned $1.92 billion during the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 27.4% on a year-over-year basis. During the same period last year, the company earned $0.01 EPS. On average, analysts forecast that Anadarko Petroleum Corp. will post ($2.81) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is presently -1.95%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Kanaly Trust Co raised its position in shares of Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 614 shares in the last quarter. Financial Architects Inc raised its stake in Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 950 shares during the period. Security National Trust Co. raised its stake in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock valued at $114,000 after buying an additional 100 shares during the period. Stelac Advisory Services LLC purchased a new stake in Anadarko Petroleum Corp. during the second quarter valued at $117,000. Finally, Signaturefd LLC raised its stake in Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock valued at $122,000 after buying an additional 226 shares during the period. 86.49% of the stock is currently owned by hedge funds and other institutional investors.
About Anadarko Petroleum Corp.
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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