Anadarko Petroleum (NASDAQ:APC) Issues Quarterly Earnings Results

Anadarko Petroleum (NASDAQ:APC) released its earnings results on Friday. The oil and gas development company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20, Briefing.com reports. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The company’s revenue for the quarter was down .2% compared to the same quarter last year.

Anadarko Petroleum Stock Performance

NASDAQ:APC traded down $0.34 during trading hours on Friday, reaching $20.57. The company had a trading volume of 136,513 shares, compared to its average volume of 182,760. Anadarko Petroleum has a 1-year low of $17.00 and a 1-year high of $21.72. The firm has a market cap of $258.56 million, a PE ratio of 89.43, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. The business’s 50 day moving average price is $18.64 and its 200-day moving average price is $48.75. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.92.

Anadarko Petroleum Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Friday, April 10th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s payout ratio is presently 452.17%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They set a “buy” rating and a $22.00 target price for the company. Zacks Research raised Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a report on Wednesday. UBS Group assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They set a “buy” rating and a $22.00 target price for the company. Capital One Financial assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They set an “overweight” rating and a $21.00 target price for the company. Finally, Raymond James Financial assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They set a “strong-buy” rating and a $23.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Anadarko Petroleum has an average rating of “Buy” and a consensus price target of $21.60.

Insider Transactions at Anadarko Petroleum

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $19.00, for a total value of $475,000.00. Following the completion of the transaction, the insider directly owned 125,000 shares of the company’s stock, valued at approximately $2,375,000. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

About Anadarko Petroleum

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.