FY2018 Earnings Forecast for Anadarko Petroleum Co. Issued By Piper Jaffray Companies (APC)
Anadarko Petroleum Co. (NYSE:APC) – Research analysts at Piper Jaffray Companies reduced their FY2018 EPS estimates for shares of Anadarko Petroleum in a research note issued to investors on Thursday, November 15th. Piper Jaffray Companies analyst R. Todd now anticipates that the oil and gas development company will post earnings per share of $2.70 for the year, down from their prior estimate of $3.02. Piper Jaffray Companies has a “Buy” rating and a $87.00 price objective on the stock.
Other research analysts have also issued research reports about the stock. Johnson Rice lowered shares of Anadarko Petroleum from a “buy” rating to an “accumulate” rating in a research note on Wednesday, August 15th. Stifel Nicolaus set a $82.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Bank of America set a $100.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Jefferies Financial Group set a $88.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Anadarko Petroleum presently has a consensus rating of “Buy” and a consensus price target of $80.95.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted ($0.77) EPS. The company’s revenue for the quarter was up 48.1% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in APC. TRUE Private Wealth Advisors purchased a new stake in Anadarko Petroleum during the 3rd quarter worth approximately $163,000. Moneta Group Investment Advisors LLC purchased a new stake in Anadarko Petroleum during the 2nd quarter worth approximately $170,000. NN Investment Partners Holdings N.V. purchased a new stake in Anadarko Petroleum during the 2nd quarter worth approximately $182,000. Kiley Juergens Wealth Management LLC purchased a new stake in Anadarko Petroleum during the 2nd quarter worth approximately $182,000. Finally, Lido Advisors LLC purchased a new stake in Anadarko Petroleum during the 2nd quarter worth approximately $202,000. 87.15% of the stock is currently owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.16%. 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 currently -51.02%.
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).
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