Anadarko Petroleum Corp. (APC) Stock Price Up 2%
Shares of Anadarko Petroleum Corp. (NYSE:APC) rose 2% on Thursday . The company traded as high as $55.41 and last traded at $55.24, with a volume of 1,483,535 shares. The stock had previously closed at $54.16.
APC has been the topic of a number of analyst reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $60.00 price objective (up previously from $58.00) on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 3rd. BMO Capital Markets reissued a “hold” rating on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 6th. Zacks Investment Research raised shares of Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Tuesday, July 12th. Alembic Global Advisors cut shares of Anadarko Petroleum Corp. from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note on Wednesday, May 4th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Anadarko Petroleum Corp. in a research note on Thursday, June 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $66.91.
The firm’s market cap is $28.21 billion. The firm has a 50 day moving average price of $54.28 and a 200-day moving average price of $49.59.
Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.20. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.89 billion. The company’s revenue was down 27.4% compared to the same quarter last year. During the same period last year, the company earned $0.01 EPS. Analysts forecast that Anadarko Petroleum Corp. will post ($2.83) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Monday, September 12th.
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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