Anadarko Petroleum Co. (NYSE:APC) has received an average recommendation of “Hold” from the twenty-nine brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $70.53.

APC has been the subject of several recent analyst reports. Tudor Pickering downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Mizuho reaffirmed a “buy” rating and set a $55.00 price objective on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Mitsubishi UFJ Financial Group decreased their price objective on shares of Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. SunTrust Banks set a $55.00 price objective on shares of Anadarko Petroleum and gave the stock a “hold” rating in a report on Tuesday, January 29th. Finally, MKM Partners reaffirmed a “neutral” rating and set a $65.00 price objective (down from $66.00) on shares of Anadarko Petroleum in a report on Monday, April 15th.

A number of large investors have recently added to or reduced their stakes in APC. IndexIQ Advisors LLC raised its stake in shares of Anadarko Petroleum by 3.3% in the 1st quarter. IndexIQ Advisors LLC now owns 4,990 shares of the oil and gas development company’s stock valued at $227,000 after buying an additional 161 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of Anadarko Petroleum by 1.0% in the 1st quarter. Tocqueville Asset Management L.P. now owns 17,500 shares of the oil and gas development company’s stock valued at $796,000 after buying an additional 165 shares in the last quarter. Shine Investment Advisory Services Inc. raised its stake in shares of Anadarko Petroleum by 35.0% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock valued at $31,000 after buying an additional 175 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Anadarko Petroleum by 2.9% in the 1st quarter. Moors & Cabot Inc. now owns 6,307 shares of the oil and gas development company’s stock valued at $287,000 after buying an additional 175 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its stake in shares of Anadarko Petroleum by 0.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,992 shares of the oil and gas development company’s stock valued at $2,865,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

Shares of NYSE APC traded up $0.02 during trading hours on Thursday, hitting $72.77. 8,201,914 shares of the stock were exchanged, compared to its average volume of 9,423,833. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.51. The company has a market cap of $36.46 billion, a P/E ratio of 32.20, a P/E/G ratio of 4.15 and a beta of 1.83. Anadarko Petroleum has a one year low of $40.40 and a one year high of $76.70.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.23. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.91 billion. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. Anadarko Petroleum’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. Equities research analysts forecast that Anadarko Petroleum will post 2.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, June 11th. Anadarko Petroleum’s payout ratio is currently 53.10%.

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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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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