Anadarko Petroleum Corp. (APC) Trading Up 3%

anadarko-petroleum-corp-apc-trading-up-3.png

Shares of Anadarko Petroleum Corp. (NYSE:APC) were up 3% during trading on Thursday . The company traded as high as $59.12 and last traded at $58.92, with a volume of 2,171,019 shares. The stock had previously closed at $57.18.
A number of analysts recently commented on APC shares. Wells Fargo & Co. reissued an “outperform” rating on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 6th. Zacks Investment Research downgraded shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Jefferies Group reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Thursday, August 11th. BMO Capital Markets reissued a “hold” rating on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 6th. Finally, Simmons reissued an “overweight” rating and set a $64.00 price objective (up previously from $62.00) on shares of Anadarko Petroleum Corp. in a report on Sunday, June 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $66.27.
The stock’s market capitalization is $30.15 billion. The firm’s 50-day moving average is $54.26 and its 200 day moving average is $50.59.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/anadarko-petroleum-corp-apc-trading-up-3.html

Anadarko Petroleum Corp. (NYSE:APC) last announced its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, topping the consensus estimate of ($0.80) by $0.20. The firm earned $1.92 billion during the quarter, compared to analyst estimates of $1.89 billion. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. Analysts anticipate that Anadarko Petroleum Corp. will post ($2.84) EPS for the current fiscal year.
The company also recently announced 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. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Monday, September 12th. Anadarko Petroleum Corp.’s payout ratio is -1.95%.
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.

Receive News & Ratings for Anadarko Petroleum Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Anadarko Petroleum Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.

Be the first to comment on "Anadarko Petroleum Corp. (APC) Trading Up 3%"

Leave a comment

Your email address will not be published.

*