Anadarko Petroleum Corp. (NYSE:APC) had its target price hoisted by Credit Agricole SA from $58.00 to $60.00 in a research report released on Wednesday morning. They currently have an underperform rating on the oil and gas development company’s stock.

Analyst Recommendations for Anadarko Petroleum Corp. (NYSE:APC)

A number of other equities research analysts also recently issued reports on APC. Jefferies Group reissued a buy rating and set a $57.00 price objective on shares of Anadarko Petroleum Corp. in a research report on Thursday, June 2nd. Vetr downgraded shares of Anadarko Petroleum Corp. from a buy rating to a hold rating and set a $52.80 target price for the company. in a report on Wednesday, May 25th. Iberia Capital reaffirmed a buy rating on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 27th. Argus reaffirmed a buy rating and issued a $56.00 target price on shares of Anadarko Petroleum Corp. in a report on Tuesday, May 24th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $55.00 target price on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $68.32.

Anadarko Petroleum Corp. (NYSE:APC) opened at 57.52 on Wednesday. The stock has a 50 day moving average price of $55.01 and a 200 day moving average price of $51.76. The stock’s market cap is $29.36 billion. Anadarko Petroleum Corp. has a 12-month low of $28.16 and a 12-month high of $73.87.

Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings data on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The firm earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm posted $0.01 EPS. 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 ($2.78) earnings per share for the current fiscal year.

The company also recently disclosed 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 dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is presently -1.95%.

Several large investors have recently made changes to their positions in the stock. Financial Architects Inc increased its stake in shares of Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 950 shares in the last quarter. Kanaly Trust Co increased its stake in shares of Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 614 shares in the last quarter. Security National Trust Co. increased its stake in shares of Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock worth $114,000 after buying an additional 100 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of Anadarko Petroleum Corp. during the second quarter worth approximately $117,000. Finally, Signaturefd LLC increased its stake in shares of Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock worth $122,000 after buying an additional 226 shares in the last quarter. 86.49% of the stock is currently owned by institutional investors.

Anadarko Petroleum Corp. Company Profile

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.

5 Day Chart for NYSE:APC

Receive News & Ratings for Anadarko Petroleum Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corp. and related companies with MarketBeat.com's FREE daily email newsletter.