Anadarko Petroleum Corporation (APC) To Go Ex-Dividend on September 12th
Anadarko Petroleum Corporation (NYSE:APC) announced a quarterly dividend on Wednesday, August 2nd, RTT News reports. Stockholders of record on Wednesday, September 13th will be paid a dividend of 0.05 per share by the oil and gas development company on Wednesday, September 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Tuesday, September 12th.
Anadarko Petroleum Corporation has decreased its dividend payment by an average of 28.2% annually over the last three years. Anadarko Petroleum Corporation has a dividend payout ratio of -9.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Anadarko Petroleum Corporation to earn ($0.81) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -24.7%.
Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 42.35 on Thursday. The firm’s market capitalization is $23.73 billion. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The stock has a 50 day moving average price of $43.40 and a 200 day moving average price of $52.01.
Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.42. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.60) earnings per share. On average, analysts expect that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current year.
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APC has been the topic of a number of research analyst reports. Bank of America Corporation reaffirmed a “buy” rating on shares of Anadarko Petroleum Corporation in a report on Thursday, May 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 price target (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a research note on Friday, May 12th. UBS AG reiterated a “buy” rating and issued a $80.00 price target on shares of Anadarko Petroleum Corporation in a research note on Monday, May 15th. Scotiabank set a $76.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC set a $62.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Tuesday, June 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.73.
Anadarko Petroleum Corporation Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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