Anadarko Petroleum Co. (APC) Receives $75.72 Consensus Price Target from Analysts

Shares of Anadarko Petroleum Co. (NYSE:APC) have been assigned an average recommendation of “Buy” from the twenty-five research firms that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $75.72.

APC has been the topic of a number of research analyst reports. Mitsubishi UFJ Financial Group cut their target price on Anadarko Petroleum to $70.00 in a research report on Thursday, February 7th. Guggenheim set a $69.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research report on Friday, February 22nd. Mizuho reissued a “buy” rating and issued a $55.00 target price on shares of Anadarko Petroleum in a research report on Tuesday, February 12th. Credit Suisse Group reissued a “buy” rating and issued a $73.00 target price on shares of Anadarko Petroleum in a research report on Wednesday, December 19th. Finally, JPMorgan Chase & Co. set a $66.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research report on Friday, December 7th.

Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of Anadarko Petroleum by 1.4% during the fourth quarter. American Century Companies Inc. now owns 3,505,599 shares of the oil and gas development company’s stock worth $153,685,000 after purchasing an additional 47,340 shares in the last quarter. Norges Bank acquired a new position in Anadarko Petroleum in the fourth quarter valued at $245,766,000. Actinver Wealth Management Inc. acquired a new position in Anadarko Petroleum in the fourth quarter valued at $217,000. Princeton Global Asset Management LLC acquired a new position in Anadarko Petroleum in the fourth quarter valued at $83,000. Finally, FMR LLC boosted its stake 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 valued at $914,861,000 after acquiring an additional 2,251,077 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

APC traded up $0.41 during trading hours on Wednesday, reaching $45.48. The company’s stock had a trading volume of 4,403,882 shares, compared to its average volume of 4,786,844. Anadarko Petroleum has a fifty-two week low of $40.40 and a fifty-two week high of $76.70. The stock has a market capitalization of $22.52 billion, a PE ratio of 20.12, a P/E/G ratio of 2.26 and a beta of 1.54. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.81 and a current ratio of 0.81.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. As a group, equities research analysts forecast that Anadarko Petroleum will post 1.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. Anadarko Petroleum’s payout ratio is currently 53.10%.

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).

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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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