Equities analysts predict that Anadarko Petroleum Co. (NYSE:APC) will report sales of $3.71 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Anadarko Petroleum’s earnings. The lowest sales estimate is $3.38 billion and the highest is $4.02 billion. Anadarko Petroleum reported sales of $2.93 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.6%. The company is expected to announce its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that Anadarko Petroleum will report full-year sales of $13.41 billion for the current year, with estimates ranging from $12.44 billion to $13.91 billion. For the next financial year, analysts forecast that the firm will post sales of $15.55 billion, with estimates ranging from $13.48 billion to $17.18 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Anadarko Petroleum.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The business’s quarterly revenue was up 48.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.77) earnings per share.

A number of research firms have weighed in on APC. Wells Fargo & Co upgraded shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 23rd. Barclays began coverage on shares of Anadarko Petroleum in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $77.00 price target for the company. Bank of America set a $100.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Monday, October 22nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $85.00 price target on shares of Anadarko Petroleum in a research report on Friday, September 28th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $80.95.

NYSE APC traded down $1.05 during trading hours on Friday, hitting $55.33. 83,790 shares of the company’s stock traded hands, compared to its average volume of 6,613,971. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $28.43 billion, a price-to-earnings ratio of -28.52, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. Anadarko Petroleum has a 52 week low of $46.80 and a 52 week high of $76.70.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, December 11th. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.25. Anadarko Petroleum’s payout ratio is -51.02%.

Several hedge funds have recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors purchased a new stake in Anadarko Petroleum during the third quarter valued at $163,000. Moneta Group Investment Advisors LLC purchased a new stake in Anadarko Petroleum during the second quarter valued at $170,000. NN Investment Partners Holdings N.V. purchased a new stake in Anadarko Petroleum during the second quarter valued at $182,000. Kiley Juergens Wealth Management LLC purchased a new stake in Anadarko Petroleum during the second quarter valued at $182,000. Finally, Lido Advisors LLC purchased a new stake in Anadarko Petroleum during the second quarter valued at $202,000. 87.15% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

Read More: Understanding each part of a balance sheet

Get a free copy of the Zacks research report on Anadarko Petroleum (APC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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