Royal Bank Of Canada set a $62.00 target price on Anadarko Petroleum Corporation (NYSE:APC) in a research report released on Thursday morning. The brokerage currently has a buy rating on the oil and gas development company’s stock.

A number of other equities analysts also recently commented on APC. UBS AG restated a buy rating and set a $80.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Monday, May 15th. BidaskClub downgraded shares of Anadarko Petroleum Corporation from a sell rating to a strong sell rating in a research report on Thursday, August 17th. Scotiabank set a $64.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a buy rating in a research report on Friday, August 11th. Mitsubishi UFJ Financial Group upgraded shares of Anadarko Petroleum Corporation from a neutral rating to a buy rating and set a $66.00 price objective for the company in a research report on Thursday, July 27th. Finally, Bank of America Corporation cut their price objective on shares of Anadarko Petroleum Corporation from $81.00 to $80.00 and set a buy rating for the company in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Anadarko Petroleum Corporation currently has an average rating of Buy and an average target price of $69.73.

Shares of Anadarko Petroleum Corporation (APC) opened at 42.36 on Thursday. Anadarko Petroleum Corporation has a 12 month low of $41.22 and a 12 month high of $73.33. The company’s market cap is $23.74 billion. The stock’s 50 day moving average is $43.96 and its 200-day moving average is $53.55.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company earned ($0.60) EPS. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, equities analysts forecast that Anadarko Petroleum Corporation will post ($2.12) EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

Several large investors have recently added to or reduced their stakes in APC. First Manhattan Co. raised its position in shares of Anadarko Petroleum Corporation by 1.0% in the first quarter. First Manhattan Co. now owns 21,045 shares of the oil and gas development company’s stock valued at $1,333,000 after buying an additional 200 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Anadarko Petroleum Corporation by 9.9% in the first quarter. ProShare Advisors LLC now owns 102,471 shares of the oil and gas development company’s stock valued at $6,353,000 after buying an additional 9,269 shares during the last quarter. Kanawha Capital Management LLC raised its position in shares of Anadarko Petroleum Corporation by 2.4% in the first quarter. Kanawha Capital Management LLC now owns 19,055 shares of the oil and gas development company’s stock valued at $1,181,000 after buying an additional 450 shares during the last quarter. Nikko Asset Management Americas Inc. raised its position in shares of Anadarko Petroleum Corporation by 7.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 418,036 shares of the oil and gas development company’s stock valued at $25,918,000 after buying an additional 29,200 shares during the last quarter. Finally, Financial Architects Inc raised its position in shares of Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares during the last quarter. 84.40% of the stock is currently owned by institutional investors.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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