Cowen and Company reissued their buy rating on shares of Anadarko Petroleum Corporation (NYSE:APC) in a research note issued to investors on Sunday morning. Cowen and Company currently has a $60.00 price objective on the oil and gas development company’s stock.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus reissued a buy rating on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 3rd. Citigroup Inc. assumed coverage on Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They set a positive rating and a $60.00 price target on the stock. They noted that the move was a valuation call. Jefferies Group LLC set a $62.00 price target on Anadarko Petroleum Corporation and gave the stock a buy rating in a research note on Monday, August 28th. BidaskClub lowered Anadarko Petroleum Corporation from a sell rating to a strong sell rating in a research note on Thursday, June 22nd. Finally, Scotiabank reissued a buy rating and set a $66.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, June 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $70.13.

Anadarko Petroleum Corporation (APC) opened at 43.76 on Friday. The stock’s market cap is $24.52 billion. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33. The stock has a 50 day moving average price of $42.72 and a 200 day moving average price of $50.53.

Anadarko Petroleum Corporation (NYSE:APC) last posted its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company posted ($0.60) EPS. Anadarko Petroleum Corporation’s quarterly revenue was up 41.8% compared to the same quarter last year. On average, equities research analysts forecast that Anadarko Petroleum Corporation will post ($2.12) EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Anadarko Petroleum Corporation’s dividend payout ratio is presently -5.14%.

Institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Anadarko Petroleum Corporation by 1.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock valued at $50,858,000 after acquiring an additional 17,411 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Anadarko Petroleum Corporation by 8.0% during the second quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock valued at $1,658,000 after acquiring an additional 2,698 shares in the last quarter. Andra AP fonden grew its stake in shares of Anadarko Petroleum Corporation by 13.7% during the second quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock valued at $3,809,000 after acquiring an additional 10,100 shares in the last quarter. Cipher Capital LP grew its stake in shares of Anadarko Petroleum Corporation by 364.8% during the second quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock valued at $6,367,000 after acquiring an additional 110,209 shares in the last quarter. Finally, Quantitative Investment Management LLC grew its stake in shares of Anadarko Petroleum Corporation by 1,683.1% during the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock valued at $9,176,000 after acquiring an additional 139,700 shares in the last quarter. Institutional investors own 85.05% of the company’s stock.

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.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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