Anadarko Petroleum Corp. (APC) Trading Down 3.8%
Anadarko Petroleum Corp. (NYSE:APC) shares fell 3.8% during mid-day trading on Wednesday . The company traded as low as $53.46 and last traded at $53.65, with a volume of 2,109,536 shares trading hands. The stock had previously closed at $55.78.
A number of brokerages have recently issued reports on APC. Zacks Investment Research raised Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Tuesday, July 12th. Credit Agricole SA began coverage on Anadarko Petroleum Corp. in a research note on Wednesday, June 22nd. They issued an “underperform” rating on the stock. Vetr downgraded Anadarko Petroleum Corp. from a “hold” rating to a “sell” rating and set a $52.80 price objective on the stock. in a research note on Tuesday, June 7th. Drexel Hamilton began coverage on Anadarko Petroleum Corp. in a research note on Wednesday, June 8th. They issued a “buy” rating and a $108.00 price objective on the stock. Finally, Bank of America Corp. reissued a “buy” rating and issued a $95.00 price objective (up from $85.00) on shares of Anadarko Petroleum Corp. in a research note on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $66.91.
The stock’s market cap is $27.29 billion. The company’s 50-day moving average price is $54.29 and its 200-day moving average price is $50.04.
Anadarko Petroleum Corp. (NYSE:APC) last posted its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.20. During the same period last year, the firm posted $0.01 EPS. The company earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. The company’s revenue for the quarter was down 27.4% on a year-over-year basis. Equities analysts forecast that Anadarko Petroleum Corp. will post ($2.82) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date 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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