Anadarko Petroleum Co. (NASDAQ:APC) Stock Has Average Price Target of $21.80 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Seven brokerages assign Anadarko Petroleum a “Moderate Buy” consensus, with an average 12-month price target of $21.80 versus a reported share price of $15.87.
• The company reported quarterly EPS of $0.26, missing the $0.36 consensus estimate, while revenue rose 27.4% year over year to $1.84 billion.
• Anadarko increased its quarterly dividend to $0.50 per share, implying an annualized payout of $2.00 and a 12.6% yield; its dividend payout ratio stood at 289.86%.

Shares of Anadarko Petroleum Co. (NASDAQ:APC - Get Free Report) have been given an average rating of "Moderate Buy" by the seven ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.80.

A number of brokerages have commented on APC. UBS Group lowered their target price on Anadarko Petroleum from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Weiss Ratings raised Anadarko Petroleum from a "sell (e)" rating to a "hold (c)" rating in a report on Tuesday, September 22nd. Mizuho upgraded Anadarko Petroleum from a "neutral" rating to an "outperform" rating and set a $22.00 price objective on the stock in a research report on Friday, October 2nd. Finally, Zacks Research upgraded Anadarko Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 6th.

Anadarko Petroleum Price Performance

Shares of NASDAQ APC opened at $15.87 on Monday. Anadarko Petroleum has a 12-month low of $14.50 and a 12-month high of $21.72. The company has a market capitalization of $199.49 million and a PE ratio of 23.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. The firm's 50-day moving average is $17.40 and its two-hundred day moving average is $18.72.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) last released 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 firm had revenue of $1.84 billion for the quarter. Anadarko Petroleum's revenue for the quarter was up 27.4% on a year-over-year basis. Equities analysts anticipate that Anadarko Petroleum will post 0.94 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 given a dividend of $0.50 per share. The ex-dividend date was Tuesday, August 18th. This represents a $2.00 dividend on an annualized basis and a yield of 12.6%. This is a boost from Anadarko Petroleum's previous quarterly dividend of $0.26. Anadarko Petroleum's dividend payout ratio (DPR) is 289.86%.

Insiders Place Their Bets

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the company's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $16.40, for a total value of $2,043,440.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Anadarko Petroleum

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new position in shares of Anadarko Petroleum in the second quarter valued at approximately $4,579,000. State Street Corp purchased a new position in shares of Anadarko Petroleum during the second quarter valued at approximately $2,536,000. Readystate Asset Management LP acquired a new stake in Anadarko Petroleum during the second quarter worth approximately $1,696,000. Finally, Greenland Capital Management LP acquired a new stake in Anadarko Petroleum during the second quarter worth approximately $264,000.

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Its operations focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with additional activities in gathering, processing and other midstream services.

The company's principal resource areas included U.S. onshore properties, particularly in the Delaware and DJ basins, as well as assets in the Gulf of Mexico.

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