Anadarko Petroleum Corp. (APC) Shares Up 5.7%
Anadarko Petroleum Corp. (NYSE:APC) shares shot up 5.7% on Friday . The company traded as high as $56.67 and last traded at $56.57, with a volume of 3,242,136 shares trading hands. The stock had previously closed at $53.54.
A number of research firms have recently weighed in on APC. Jefferies Group reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Thursday, August 11th. Zacks Investment Research downgraded shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Barclays PLC increased their target price on shares of Anadarko Petroleum Corp. from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, July 29th. Credit Agricole SA reissued an “underperform” rating and set a $68.00 target price on shares of Anadarko Petroleum Corp. in a research report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a $68.00 target price (up from $67.00) on shares of Anadarko Petroleum Corp. in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.27.
The firm’s 50 day moving average price is $54.07 and its 200 day moving average price is $50.09. The company’s market cap is $28.84 billion.
Anadarko Petroleum Corp. (NYSE:APC) last issued its 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. During the same quarter in the prior year, the company posted $0.01 EPS. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. Anadarko Petroleum Corp.’s revenue was down 27.4% compared to the same quarter last year. On average, equities research analysts forecast that Anadarko Petroleum Corp. will post ($2.82) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors 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 yield of 0.35%. 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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