Anadarko Petroleum Corp. (APC) Shares Up 2%
Anadarko Petroleum Corp. (NYSE:APC) shot up 2% during trading on Thursday . The company traded as high as $55.41 and last traded at $55.24, with a volume of 1,483,535 shares changing hands. The stock had previously closed at $54.16.
A number of research firms have commented on APC. Goldman Sachs Group Inc. reissued a “buy” rating and set a $60.00 price target (up from $58.00) on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 3rd. Citigroup Inc. reissued a “buy” rating and set a $65.00 price target on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 3rd. Bank of America Corp. reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 3rd. Simmons reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Saturday, May 14th. Finally, Zacks Investment Research raised Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the company. Anadarko Petroleum Corp. currently has a consensus rating of “Buy” and an average price target of $66.91.
The firm’s market capitalization is $28.15 billion. The company has a 50-day moving average price of $54.28 and a 200 day moving average price of $49.44.
Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings data on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.20. The business earned $1.92 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the company posted $0.01 EPS. The firm’s revenue was down 27.4% on a year-over-year basis. On average, analysts forecast that Anadarko Petroleum Corp. will post ($2.83) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%.
An institutional investor recently bought a new position in Anadarko Petroleum Corp. stock. Marshall Wace LLP purchased a new stake in shares of Anadarko Petroleum Corp. (NYSE:APC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,863 shares of the oil and gas development company’s stock, valued at approximately $2,228,000.
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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