Anadarko Petroleum Co. (APC) Expected to Post Quarterly Sales of $2.96 Billion

Equities analysts forecast that Anadarko Petroleum Co. (NYSE:APC) will announce $2.96 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Anadarko Petroleum’s earnings, with the lowest sales estimate coming in at $2.69 billion and the highest estimate coming in at $3.39 billion. Anadarko Petroleum posted sales of $3.05 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3%. The business is expected to report its next earnings report on Tuesday, May 7th.

On average, analysts expect that Anadarko Petroleum will report full year sales of $12.94 billion for the current financial year, with estimates ranging from $11.91 billion to $13.97 billion. For the next year, analysts forecast that the business will post sales of $13.98 billion, with estimates ranging from $12.55 billion to $14.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Anadarko Petroleum.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.19). The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. Anadarko Petroleum’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS.

A number of research firms have recently weighed in on APC. Mizuho reaffirmed a “buy” rating and set a $55.00 price target on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Credit Suisse Group reaffirmed a “buy” rating and set a $73.00 target price on shares of Anadarko Petroleum in a research note on Wednesday, December 19th. Citigroup assumed coverage on shares of Anadarko Petroleum in a research note on Monday, April 1st. They set a “buy” rating and a $65.00 price objective on the stock. Zacks Investment Research raised shares of Anadarko Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Guggenheim set a $69.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Friday, February 22nd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.16.

NYSE:APC traded up $0.18 during midday trading on Wednesday, reaching $47.19. 426,703 shares of the company traded hands, compared to its average volume of 4,924,209. Anadarko Petroleum has a twelve month low of $40.40 and a twelve month high of $76.70. The firm has a market capitalization of $23.49 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.34 and a beta of 1.55. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.81 and a quick ratio of 0.81.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Tuesday, March 12th. Anadarko Petroleum’s dividend payout ratio is presently 53.10%.

Several large investors have recently modified their holdings of APC. FMR LLC increased its holdings in Anadarko Petroleum by 12.1% in the fourth quarter. FMR LLC now owns 20,868,184 shares of the oil and gas development company’s stock worth $914,861,000 after buying an additional 2,251,077 shares during the last quarter. Harris Associates L P grew its stake in Anadarko Petroleum by 49.9% in the 4th quarter. Harris Associates L P now owns 13,514,955 shares of the oil and gas development company’s stock valued at $592,496,000 after buying an additional 4,500,125 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Anadarko Petroleum by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock worth $544,639,000 after acquiring an additional 138,019 shares during the last quarter. Northern Trust Corp lifted its position in Anadarko Petroleum by 2.0% during the 4th quarter. Northern Trust Corp now owns 6,099,667 shares of the oil and gas development company’s stock worth $267,410,000 after acquiring an additional 122,368 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Anadarko Petroleum by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,868,766 shares of the oil and gas development company’s stock valued at $256,783,000 after acquiring an additional 88,243 shares during the period. Institutional investors and hedge funds own 87.05% of the company’s stock.

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).

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Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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