Anadarko Petroleum (NYSE:APC) declared that its Board of Directors has initiated a stock buyback program, which allows the company to buyback $500.00 million in shares on Wednesday, February 7th, EventVestor reports. This buyback authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Several research analysts recently issued reports on the stock. Macquarie raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Thursday. Morgan Stanley set a $55.00 target price on shares of Anadarko Petroleum and gave the stock a “hold” rating in a report on Wednesday, October 18th. Jefferies Group reissued a “buy” rating and set a $78.00 target price on shares of Anadarko Petroleum in a report on Thursday. Stifel Nicolaus set a $73.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Cowen set a $60.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.95.

Anadarko Petroleum (NYSE APC) opened at $56.13 on Friday. Anadarko Petroleum has a fifty-two week low of $39.96 and a fifty-two week high of $70.00. The firm has a market cap of $30,670.00, a price-to-earnings ratio of -71.05, a price-to-earnings-growth ratio of 10.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.73 and a quick ratio of 2.03.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned ($0.50) earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. equities research analysts expect that Anadarko Petroleum will post 0.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th will be given a $0.25 dividend. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. Anadarko Petroleum’s dividend payout ratio (DPR) is -25.32%.

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Anadarko Petroleum 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.

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