Anadarko Petroleum Corp. (APC) Trading Down 3.8%
Anadarko Petroleum Corp. (NYSE:APC) shares were down 3.8% during mid-day trading on Wednesday . The stock traded as low as $53.46 and last traded at $53.65, with a volume of 2,109,536 shares. The stock had previously closed at $55.78.
Several research analysts recently issued reports on APC shares. Simmons reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Saturday, May 14th. Argus reaffirmed a “buy” rating and set a $56.00 price objective on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 24th. Vetr lowered shares of Anadarko Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $52.80 price objective for the company. in a report on Monday, May 16th. Jefferies Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Anadarko Petroleum Corp. in a report on Thursday, June 2nd. Finally, Drexel Hamilton initiated coverage on shares of Anadarko Petroleum Corp. in a report on Wednesday, June 8th. They set a “buy” rating and a $108.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the stock. Anadarko Petroleum Corp. has an average rating of “Buy” and a consensus target price of $66.27.
The company has a 50 day moving average of $54.12 and a 200 day moving average of $50.07. The company’s market capitalization is $28.58 billion.
Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings data on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.20. During the same quarter in the prior year, the firm earned $0.01 EPS. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.89 billion. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year. On average, analysts forecast that Anadarko Petroleum Corp. will post ($2.82) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.37%. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.