Anadarko Petroleum Co. (NYSE:APC) – Research analysts at Piper Jaffray Companies lowered their Q1 2019 EPS estimates for Anadarko Petroleum in a report released on Tuesday, August 14th. Piper Jaffray Companies analyst D. Kistler now expects that the oil and gas development company will post earnings per share of $1.11 for the quarter, down from their previous forecast of $1.13. Piper Jaffray Companies has a “Buy” rating and a $89.00 price target on the stock. Piper Jaffray Companies also issued estimates for Anadarko Petroleum’s FY2019 earnings at $4.40 EPS.

Other analysts also recently issued reports about the company. Citigroup reduced their target price on Anadarko Petroleum from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Monday, August 13th. Stifel Nicolaus set a $73.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, April 23rd. Mitsubishi UFJ Financial Group raised their target price on Anadarko Petroleum to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 19th. Seaport Global Securities restated a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. Finally, ValuEngine downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. Anadarko Petroleum has a consensus rating of “Buy” and an average price target of $78.15.

APC stock opened at $62.05 on Thursday. Anadarko Petroleum has a 1-year low of $39.96 and a 1-year high of $76.70. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $34.22 billion, a PE ratio of -31.66, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, July 31st. The oil and gas development company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.06). Anadarko Petroleum had a return on equity of 1.85% and a net margin of 3.63%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the business posted ($0.75) earnings per share. The business’s revenue was up 21.2% on a year-over-year basis.

Anadarko Petroleum declared that its board has approved a stock buyback program on Monday, July 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the oil and gas development company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.61%. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -51.02%.

Hedge funds have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC acquired a new position in Anadarko Petroleum during the 2nd quarter valued at about $170,000. NN Investment Partners Holdings N.V. bought a new position in shares of Anadarko Petroleum during the 2nd quarter worth approximately $182,000. Kiley Juergens Wealth Management LLC bought a new position in shares of Anadarko Petroleum during the 2nd quarter worth approximately $182,000. Lido Advisors LLC bought a new position in shares of Anadarko Petroleum during the 2nd quarter worth approximately $202,000. Finally, Beaton Management Co. Inc. bought a new position in shares of Anadarko Petroleum during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 88.56% of the company’s stock.

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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Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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