Anadarko Petroleum Co. (NASDAQ:APC) Stock Has Consensus Target Price of $21.80

Key Points

• Analyst sentiment is moderately positive: Seven analysts rate Anadarko Petroleum “Moderate Buy,” with a consensus 12-month price target of $21.80 versus the stock’s $14.86 opening price.
• The company reported quarterly EPS of $0.26, missing 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, representing a 13.5% annualized yield, but its payout ratio stood at a high 289.86%.

Shares of Anadarko Petroleum Co. (NASDAQ:APC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $21.80.

Several analysts recently issued reports on APC shares. Weiss Ratings upgraded Anadarko Petroleum from a "sell (e)" rating to a "hold (c)" rating in a report on Tuesday, September 22nd. Mizuho boosted their target price on Anadarko Petroleum from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Zacks Research lowered Anadarko Petroleum from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Finally, UBS Group cut their price target on Anadarko Petroleum from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th.

Insider Transactions at Anadarko Petroleum

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the business's stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp acquired a new stake in shares of Anadarko Petroleum in the 2nd quarter valued at $2,536,000. Citadel Advisors LLC acquired a new position in Anadarko Petroleum during the second quarter worth $4,579,000. Greenland Capital Management LP bought a new position in Anadarko Petroleum during the second quarter valued at about $264,000. Finally, Readystate Asset Management LP bought a new position in Anadarko Petroleum during the second quarter valued at about $1,696,000.

Anadarko Petroleum Stock Performance

Shares of APC opened at $14.86 on Thursday. The company has a market capitalization of $186.79 million and a PE ratio of 21.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.18. The company's 50 day moving average price is $18.72 and its 200 day moving average price is $18.98. Anadarko Petroleum has a 52 week low of $14.50 and a 52 week high of $21.72.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) last released its earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The business had revenue of $1.84 billion for the quarter. Anadarko Petroleum's revenue was up 27.4% on a year-over-year basis. Research analysts expect that Anadarko Petroleum will post 0.95 EPS for the current fiscal year.

Anadarko Petroleum Increases Dividend

The firm 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 of this dividend was Tuesday, August 18th. This is a boost from Anadarko Petroleum's previous quarterly dividend of $0.26. This represents a $2.00 annualized dividend and a yield of 13.5%. Anadarko Petroleum's payout ratio is 289.86%.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with operations spanning onshore and offshore assets.

Anadarko's U.S. activities included significant positions in the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company participated in exploration and development projects in countries including Algeria, Ghana, Mozambique and Peru.

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