Anadarko Petroleum Co. (NYSE:APC) – Analysts at Jefferies Financial Group lowered their Q1 2019 EPS estimates for Anadarko Petroleum in a note issued to investors on Friday, November 16th. Jefferies Financial Group analyst M. Lear now anticipates that the oil and gas development company will earn $0.97 per share for the quarter, down from their prior estimate of $1.04. Jefferies Financial Group currently has a “Buy” rating and a $90.00 price target on the stock. Jefferies Financial Group also issued estimates for Anadarko Petroleum’s Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.77 EPS, Q1 2020 earnings at $0.73 EPS, Q2 2020 earnings at $0.73 EPS and Q3 2020 earnings at $0.80 EPS.

APC has been the subject of several other reports. Piper Jaffray Companies set a $85.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Sunday, September 30th. Bank of America set a $100.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Tuesday, October 16th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anadarko Petroleum in a research report on Friday. Finally, Credit Suisse Group set a $89.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $80.95.

Shares of NYSE:APC opened at $55.61 on Monday. Anadarko Petroleum has a 52-week low of $46.80 and a 52-week high of $76.70. The firm has a market capitalization of $28.43 billion, a P/E ratio of -28.37, a P/E/G ratio of 1.67 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.40.

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). Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the firm posted ($0.77) earnings per share. The firm’s revenue was up 48.1% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be paid a $0.30 dividend. 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. This represents a $1.20 annualized dividend and a yield of 2.16%. Anadarko Petroleum’s payout ratio is currently -51.02%.

A number of institutional investors have recently bought and sold shares of APC. TRUE Private Wealth Advisors bought a new stake in Anadarko Petroleum in the third quarter worth $163,000. Moneta Group Investment Advisors LLC bought a new stake in Anadarko Petroleum in the second quarter worth $170,000. NN Investment Partners Holdings N.V. bought a new stake in Anadarko Petroleum in the second quarter worth $182,000. Kiley Juergens Wealth Management LLC bought a new stake in Anadarko Petroleum in the second quarter worth $182,000. Finally, Lido Advisors LLC bought a new stake in Anadarko Petroleum in the second quarter worth $202,000. 87.15% of the stock is owned by institutional investors and hedge funds.

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

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