Anadarko Petroleum Co. (NASDAQ:APC) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Anadarko Petroleum received a consensus “Hold” rating from seven analysts, with two sells, one hold, three buys and one strong buy; the average 12-month price target is $21.80.
• The company reported quarterly EPS of $0.26, below the $0.36 consensus estimate, although revenue rose 27.4% year over year to $1.84 billion.
• Anadarko increased its quarterly dividend to $0.50 per share, implying a 10.5% annualized yield, but its payout ratio reached a notably high 289.86%.

Anadarko Petroleum Co. (NASDAQ:APC - Get Free Report) has been given a consensus rating of "Hold" by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.80.

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Anadarko Petroleum from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. UBS Group decreased their price objective on Anadarko Petroleum from $22.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a "sell (e)" rating on shares of Anadarko Petroleum in a report on Tuesday, August 25th. Finally, Mizuho lifted their target price on Anadarko Petroleum from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th.

Institutional Trading of Anadarko Petroleum

Several institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in Anadarko Petroleum during the 2nd quarter worth approximately $4,579,000. Readystate Asset Management LP bought a new stake in shares of Anadarko Petroleum in the 2nd quarter valued at $1,696,000. Greenland Capital Management LP bought a new stake in shares of Anadarko Petroleum in the 2nd quarter valued at $264,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Anadarko Petroleum during the second quarter worth $60,000.

Anadarko Petroleum Trading Up 2.6%

Shares of APC stock opened at $18.99 on Friday. Anadarko Petroleum has a twelve month low of $17.00 and a twelve month high of $21.72. The stock's fifty day simple moving average is $19.38 and its 200 day simple moving average is $19.11. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $238.70 million and a P/E ratio of 27.52.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The firm had revenue of $1.84 billion during the quarter. The business's revenue for the quarter was up 27.4% compared to the same quarter last year. As a group, sell-side analysts predict that Anadarko Petroleum will post 0.95 EPS for the current fiscal year.

Anadarko Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid a $0.50 dividend. This is an increase from Anadarko Petroleum's previous quarterly dividend of $0.26. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend was Tuesday, August 18th. Anadarko Petroleum's payout ratio is presently 289.86%.

About Anadarko Petroleum

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source