Anadarko Petroleum Co. (NASDAQ:APC) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately positive: Seven brokerages give Anadarko Petroleum a consensus “Moderate Buy” rating, with an average 12-month price target of $22.00.
• Quarterly earnings missed expectations: The company reported $0.26 in earnings per share versus the $0.36 consensus estimate, although revenue rose 27.4% year over year to $1.84 billion.
• The dividend was increased: Anadarko raised its quarterly dividend to $0.50 per share, payable August 28 to shareholders of record August 18.

Anadarko Petroleum Co. (NASDAQ:APC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $22.00.

A number of equities research analysts have recently issued reports on APC shares. Weiss Ratings initiated coverage on shares of Anadarko Petroleum in a research note on Thursday, May 28th. They issued a "sell (e)" rating for the company. Zacks Research downgraded shares of Anadarko Petroleum from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 10th. Finally, Mizuho boosted their price target on shares of Anadarko Petroleum from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th.

Anadarko Petroleum Stock Down 1.5%

Shares of APC opened at $18.34 on Wednesday. The firm has a market cap of $230.53 million and a P/E ratio of 42.65. The stock has a 50 day simple moving average of $19.57 and a two-hundred day simple moving average of $25.21. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. Anadarko Petroleum has a 1 year low of $17.00 and a 1 year high of $21.72.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The business had revenue of $1.84 billion for the quarter. The business's revenue was up 27.4% compared to the same quarter last year. On average, analysts forecast that Anadarko Petroleum will post 1.33 earnings per share for the current fiscal year.

Anadarko Petroleum Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be issued a $0.50 dividend. This is an increase from Anadarko Petroleum's previous dividend of $0.26. The ex-dividend date is Tuesday, August 18th. Anadarko Petroleum's dividend payout ratio (DPR) is presently 241.86%.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.

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