Anadarko Petroleum Co. (NASDAQ:APC) Receives $21.80 Average Target Price from Analysts

Shares of Anadarko Petroleum Co. (NASDAQ:APC) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $21.80.

A number of research analysts have recently issued reports on APC shares. Weiss Ratings reiterated a “sell (e)” rating on shares of Anadarko Petroleum in a report on Tuesday, August 25th. Mizuho raised their price target on shares of Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. UBS Group cut their price target on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, Zacks Research lowered Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th.

Institutional Investors Weigh In On Anadarko Petroleum

A number of institutional investors and hedge funds have recently bought and sold shares of APC. California State Teachers Retirement System bought a new position in Anadarko Petroleum during the 2nd quarter valued at $60,000. Greenland Capital Management LP bought a new stake in shares of Anadarko Petroleum in the 2nd quarter worth $264,000. Readystate Asset Management LP purchased a new stake in shares of Anadarko Petroleum in the second quarter valued at about $1,696,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Anadarko Petroleum in the second quarter valued at about $4,579,000.

Anadarko Petroleum Price Performance

Shares of APC opened at $18.92 on Friday. Anadarko Petroleum has a 12-month low of $17.00 and a 12-month high of $21.72. The business’s fifty day moving average is $19.41 and its 200 day moving average is $19.14. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. The stock has a market cap of $237.82 million and a P/E ratio of 27.42.

Anadarko Petroleum (NASDAQ:APC) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $1.84 billion for the quarter. The business’s quarterly revenue was up 27.4% on a year-over-year basis. Sell-side analysts anticipate that Anadarko Petroleum will post 0.95 earnings per share for the current fiscal year.

Anadarko Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.26. This represents a $2.00 annualized dividend and a dividend yield of 10.6%. Anadarko Petroleum’s payout ratio is presently 289.86%.

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.