KLR Group reissued their buy rating on shares of Anadarko Petroleum Corp. (NYSE:APC) in a research note issued to investors on Monday morning. KLR Group currently has a $93.00 target price on the oil and gas development company’s stock, up from their prior target price of $85.00.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reissued a buy rating on shares of Anadarko Petroleum Corp. in a report on Thursday, June 30th. Vetr raised shares of Anadarko Petroleum Corp. from a hold rating to a buy rating and set a $54.50 price target on the stock in a report on Monday, June 27th. Drexel Hamilton started coverage on shares of Anadarko Petroleum Corp. in a report on Wednesday, June 8th. They issued a buy rating and a $108.00 price target on the stock. Bank of America Corp. reissued a buy rating and issued a $95.00 price target (up from $85.00) on shares of Anadarko Petroleum Corp. in a report on Tuesday, June 21st. Finally, 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $68.32.

Anadarko Petroleum Corp. (NYSE:APC) opened at 61.06 on Monday. The company’s market capitalization is $31.17 billion. Anadarko Petroleum Corp. has a 12-month low of $28.16 and a 12-month high of $73.87. The firm has a 50-day moving average of $55.46 and a 200 day moving average of $51.92.

Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.20. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The firm’s quarterly revenue was down 27.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. Analysts expect that Anadarko Petroleum Corp. will post ($2.65) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio is currently -1.95%.

Several institutional investors have recently added to or reduced their stakes in APC. Loomis Sayles & Co. L P increased its position in Anadarko Petroleum Corp. by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,424 shares of the oil and gas development company’s stock valued at $159,000 after buying an additional 24 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Anadarko Petroleum Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 19,472 shares of the oil and gas development company’s stock worth $1,037,000 after buying an additional 60 shares during the last quarter. Fayez Sarofim & Co. boosted its position in Anadarko Petroleum Corp. by 1.1% in the second quarter. Fayez Sarofim & Co. now owns 7,151 shares of the oil and gas development company’s stock worth $381,000 after buying an additional 76 shares during the last quarter. Park National Corp OH boosted its position in Anadarko Petroleum Corp. by 1.3% in the second quarter. Park National Corp OH now owns 5,929 shares of the oil and gas development company’s stock worth $316,000 after buying an additional 78 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in Anadarko Petroleum Corp. by 1.4% in the second quarter. Wedbush Securities Inc. now owns 6,275 shares of the oil and gas development company’s stock worth $334,000 after buying an additional 84 shares during the last quarter. 85.16% of the stock is currently owned by hedge funds and other 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

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