Anadarko Petroleum (APC) Hits New 12-Month High and Low at $72.15

Anadarko Petroleum Co. (NYSE:APC)’s share price reached a new 52-week high and low during trading on Monday . The stock traded as low as $72.15 and last traded at $71.85, with a volume of 117951 shares trading hands. The stock had previously closed at $71.22.

Several equities analysts have recently commented on the company. TheStreet raised Anadarko Petroleum from a “d+” rating to a “c” rating in a research report on Tuesday, February 6th. Macquarie raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Thursday, February 8th. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, February 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $76.00 target price (up previously from $73.00) on shares of Anadarko Petroleum in a research report on Wednesday, February 7th. Finally, Piper Jaffray Companies set a $72.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research report on Sunday, February 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.60.

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.33. The company has a market cap of $36.35 billion, a PE ratio of -36.60, a P/E/G ratio of 2.78 and a beta of 1.26.



Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, May 1st. The oil and gas development company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Anadarko Petroleum had a negative return on equity of 3.44% and a negative net margin of 0.15%. The firm’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.60) earnings per share. equities analysts expect that Anadarko Petroleum Co. will post 2.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, June 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -51.02%.

Anadarko Petroleum announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge funds have recently modified their holdings of the stock. CIBC World Markets Inc. lifted its stake in Anadarko Petroleum by 37.3% during the first quarter. CIBC World Markets Inc. now owns 25,242 shares of the oil and gas development company’s stock worth $1,525,000 after purchasing an additional 6,861 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Anadarko Petroleum by 9.7% during the first quarter. Xact Kapitalforvaltning AB now owns 59,208 shares of the oil and gas development company’s stock worth $3,577,000 after purchasing an additional 5,214 shares during the last quarter. Atlantic Trust Group LLC lifted its stake in Anadarko Petroleum by 8.1% during the first quarter. Atlantic Trust Group LLC now owns 1,263,307 shares of the oil and gas development company’s stock worth $76,317,000 after purchasing an additional 94,224 shares during the last quarter. Griffin Asset Management Inc. lifted its stake in Anadarko Petroleum by 26.7% during the first quarter. Griffin Asset Management Inc. now owns 26,172 shares of the oil and gas development company’s stock worth $1,581,000 after purchasing an additional 5,520 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in Anadarko Petroleum by 7.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 399,689 shares of the oil and gas development company’s stock worth $24,145,000 after purchasing an additional 26,422 shares during the last quarter. Institutional investors and hedge funds own 89.21% 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).

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