Anadarko Petroleum (APC) – Analysts’ Recent Ratings Changes

Anadarko Petroleum (NYSE: APC) has recently received a number of price target changes and ratings updates:

  • 4/22/2019 – Anadarko Petroleum was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating.
  • 4/17/2019 – Anadarko Petroleum was downgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to a “sell” rating.
  • 4/17/2019 – Anadarko Petroleum had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $65.00 price target on the stock, up previously from $62.00.
  • 4/17/2019 – Anadarko Petroleum had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $71.00 price target on the stock.
  • 4/16/2019 – Anadarko Petroleum was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
  • 4/16/2019 – Anadarko Petroleum was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “Shares of Anadarko Petroleum have gained 33% compared with the industry’s rise of 7.6% since the acquisition by Chevron was announced on Apr 12, 2019. Per the deal, the company’s shareholders will receive 39% premium on their holdings. Anadarko Petroleum’s premium shale properties, which include the Delaware and Denver-Julesburg basins as well as the Deepwater Gulf of Mexico, are key production drivers. Its international assets are also contributing to total production. Focus on high-return assets and the sale of non-core properties boosted Anadarko Petroleum’s efficiency. However, the company has few deep-water assets, which face adverse weather conditions. Moreover, the modifications in laws and regulations, rising expenses as well as competition from major integrated oil companies pose risks to the stock.”
  • 4/15/2019 – Anadarko Petroleum was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $65.00 price target on the stock, down previously from $74.00.
  • 4/15/2019 – Anadarko Petroleum had its “neutral” rating reaffirmed by analysts at MKM Partners. They now have a $65.00 price target on the stock, down previously from $66.00.
  • 4/15/2019 – Anadarko Petroleum was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating.
  • 4/13/2019 – Anadarko Petroleum was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/12/2019 – Anadarko Petroleum was downgraded by analysts at Mitsubishi UFJ Financial Group from an “overweight” rating to a “neutral” rating.
  • 4/12/2019 – Anadarko Petroleum was downgraded by analysts at Guggenheim from a “buy” rating to a “hold” rating. They now have a $69.00 price target on the stock.
  • 4/12/2019 – Anadarko Petroleum was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating.
  • 4/9/2019 – Anadarko Petroleum is now covered by analysts at Citigroup Inc. They set a “buy” rating on the stock.
  • 4/1/2019 – Anadarko Petroleum is now covered by analysts at Citigroup Inc. They set a “buy” rating and a $65.00 price target on the stock.
  • 3/19/2019 – Anadarko Petroleum was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $51.00 price target on the stock.
  • 3/12/2019 – Anadarko Petroleum was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Anadarko Petroleum’s premium shale properties, which include the Delaware and Denver-Julesburg basins, and the Deepwater Gulf of Mexico, are expected to be the primary production drivers. Its international assets are also contributing toward the increase in its total production. Focus on high-return assets and the sale of non-core properties boosted Anadarko Petroleum’s efficiency. In the past 12 months, shares of Anadarko Petroleum have lost narrower than the industry. However, Anadarko has a few deep-water assets, which run the risks of adverse weather conditions. In addition, the modifications in laws and regulations, rising expenses and competition from major integrated oil companies pose risks to the stock. “
  • 2/22/2019 – Anadarko Petroleum was given a new $69.00 price target on by analysts at Guggenheim. They now have a “buy” rating on the stock.

Shares of Anadarko Petroleum stock opened at $64.18 on Monday. 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 stock has a market capitalization of $32.06 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 5.99 and a beta of 1.55. Anadarko Petroleum Co. has a 1 year low of $40.40 and a 1 year high of $76.70.

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 Thomson Reuters’ consensus estimate of $0.57 by ($0.19). The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. Equities research analysts expect that Anadarko Petroleum Co. will post 1.91 earnings per share for the current fiscal year.

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

Institutional investors have recently modified their holdings of the stock. Liberty Wealth Management LLC grew its stake 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 acquiring an additional 243 shares during the period. Claybrook Capital LLC bought a new stake in shares of Anadarko Petroleum in the fourth quarter worth approximately $29,000. Shine Investment Advisory Services Inc. grew its stake 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 acquiring an additional 175 shares during the period. We Are One Seven LLC bought a new stake in shares of Anadarko Petroleum in the fourth quarter worth approximately $41,000. Finally, Legacy Bridge LLC bought a new stake in shares of Anadarko Petroleum in the fourth quarter worth approximately $43,000. Institutional investors own 87.06% of the company’s stock.

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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