Susquehanna Bancshares Reaffirms “Neutral” Rating for Anadarko Petroleum (APC)

Susquehanna Bancshares reissued their neutral rating on shares of Anadarko Petroleum (NYSE:APC) in a research note released on Wednesday, The Fly reports. Susquehanna Bancshares currently has a $65.00 price target on the oil and gas development company’s stock, up from their prior price target of $62.00.

APC has been the subject of several other reports. Mizuho reissued a buy rating and set a $55.00 price objective on shares of Anadarko Petroleum in a research note on Tuesday, February 12th. Credit Suisse Group reissued a buy rating and set a $73.00 price objective on shares of Anadarko Petroleum in a research note on Wednesday, December 19th. Citigroup assumed coverage on Anadarko Petroleum in a research note on Monday, April 1st. They set a buy rating and a $65.00 price objective for the company. Zacks Investment Research raised Anadarko Petroleum from a sell rating to a hold rating in a research note on Tuesday, March 12th. Finally, MKM Partners reissued a neutral rating and set a $65.00 price objective (down from $66.00) on shares of Anadarko Petroleum in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $72.00.

Shares of APC stock opened at $64.18 on Wednesday. Anadarko Petroleum has a 1 year low of $40.40 and a 1 year high of $76.70. The firm has a market cap of $32.06 billion, a PE ratio of 28.40, a PEG ratio of 5.99 and a beta of 1.55. 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 issued its quarterly earnings results 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 firm had revenue of $3.35 billion for 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 firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. As a group, research analysts expect that Anadarko Petroleum will post 1.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were given a $0.30 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.87%. Anadarko Petroleum’s dividend payout ratio (DPR) is presently 53.10%.

Institutional investors have recently modified their holdings of the company. Liberty Wealth Management LLC boosted its position in shares of Anadarko Petroleum by 78.6% in the first quarter. Liberty Wealth Management LLC now owns 552 shares of the oil and gas development company’s stock worth $25,000 after buying an additional 243 shares during the period. Claybrook Capital LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $29,000. Shine Investment Advisory Services Inc. boosted its position in shares of Anadarko Petroleum by 35.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after buying an additional 175 shares during the period. We Are One Seven LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $41,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Anadarko Petroleum in the fourth quarter worth $43,000. 87.06% of the stock is owned by institutional investors and hedge funds.

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).

Featured Article: What is a conference call?

The Fly

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.