Published On: Mon, Sep 19th, 2016

Anadarko Petroleum Corp. (APC) Stock Rating Reaffirmed by Goldman Sachs Group Inc.

Anadarko Petroleum Corp. (NYSE:APC)‘s stock had its “buy” rating reissued by Goldman Sachs Group Inc. in a research note issued to investors on Thursday. They presently have a $68.00 price target on the oil and gas development company’s stock, up from their prior price target of $67.00. Goldman Sachs Group Inc.’s price target points to a potential upside of 18.22% from the stock’s current price.
A number of other equities research analysts also recently weighed in on APC. JPMorgan Chase & Co. downgraded shares of Anadarko Petroleum Corp. from an “overweight” rating to a “neutral” rating in a research note on Friday, April 15th. Bank of America Corp. restated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 3rd. Simmons restated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Saturday, May 14th. Deutsche Bank AG restated a “hold” rating and issued a $58.00 price target on shares of Anadarko Petroleum Corp. in a research note on Thursday, May 5th. Finally, Jefferies Group restated a “buy” rating and issued a $57.00 price target on shares of Anadarko Petroleum Corp. in a research note on Thursday, June 2nd. Two research 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. Anadarko Petroleum Corp. presently has a consensus rating of “Buy” and a consensus price target of $67.55.
Shares of Anadarko Petroleum Corp. (NYSE:APC) traded up 1.04% during midday trading on Thursday, reaching $57.52. 5,478,011 shares of the company’s stock traded hands. The stock’s market cap is $29.36 billion. The stock has a 50-day moving average price of $54.69 and a 200-day moving average price of $51.30. 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 earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, beating the consensus estimate 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 had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the firm earned $0.01 EPS. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. Analysts forecast that Anadarko Petroleum Corp. will post ($2.78) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis 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 (DPR) is currently -1.95%.
Institutional investors have recently modified their holdings of the company. Kanaly Trust Co increased 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 during the period. Financial Architects Inc increased its position in shares of 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 worth $107,000 after buying an additional 950 shares during the period. Security National Trust Co. increased its position in shares of 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 worth $114,000 after buying an additional 100 shares during the period. Stelac Advisory Services LLC bought a new position in shares of Anadarko Petroleum Corp. during the second quarter worth $117,000. Finally, Signaturefd LLC increased its position in shares of 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 worth $122,000 after buying an additional 226 shares during the period. 86.49% of the stock is currently 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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