Trading Report: The Anadarko Petroleum Corp. Forecasted to Post Q3 2016 Earnings of ($0.68) Per Share (APC)

The Anadarko Petroleum Corp. Forecasted to Post Q3 2016 Earnings of ($0.68) Per Share (APC)

Anadarko Petroleum Corp. (NYSE:APC) – Credit Agricole SA issued their Q3 2016 earnings per share (EPS) estimates for shares of Anadarko Petroleum Corp. in a report issued on Wednesday. Credit Agricole SA analyst A. Sen forecasts that the brokerage will post earnings of ($0.68) per share for the quarter. Credit Agricole SA currently has a “Underperform” rating and a $60.00 price objective on the stock.

APC has been the topic of several other reports. Bank of America Corp. reiterated a “buy” rating and set a $95.00 price objective on shares of Anadarko Petroleum Corp. in a report on Tuesday, September 13th. JPMorgan Chase & Co. restated a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Thursday, October 6th. Wells Fargo & Co. set a $70.00 price target on shares of Anadarko Petroleum Corp. and gave the company a “buy” rating in a report on Friday, September 23rd. Barclays PLC raised their price target on shares of Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. restated an “outperform” rating on shares of Anadarko Petroleum Corp. in a report on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. Anadarko Petroleum Corp. has an average rating of “Buy” and a consensus target price of $69.11.

Anadarko Petroleum Corp. (NYSE:APC) opened at 64.07 on Thursday. Anadarko Petroleum Corp. has a one year low of $28.16 and a one year high of $73.87. The stock has a 50 day moving average of $59.39 and a 200 day moving average of $53.69. The firm’s market cap is $32.70 billion.

Anadarko Petroleum Corp. (NYSE:APC) last issued its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The business earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the business posted $0.01 EPS. The company’s revenue for the quarter was down 27.4% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid a $0.05 dividend. The ex-dividend date was Monday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.31%. Anadarko Petroleum Corp.’s dividend payout ratio is currently -1.95%.

A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Anadarko Petroleum Corp. by 67.6% in the first quarter. IFP Advisors Inc now owns 2,836 shares of the oil and gas development company’s stock worth $132,000 after buying an additional 1,144 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Anadarko Petroleum Corp. during the first quarter worth $3,292,000. Brookfield Asset Management Inc. boosted its position in shares of Anadarko Petroleum Corp. by 488.0% in the first quarter. Brookfield Asset Management Inc. now owns 10,290 shares of the oil and gas development company’s stock worth $479,000 after buying an additional 8,540 shares in the last quarter. M&T Bank Corp boosted its position in shares of Anadarko Petroleum Corp. by 6.1% in the first quarter. M&T Bank Corp now owns 103,661 shares of the oil and gas development company’s stock worth $4,827,000 after buying an additional 5,916 shares in the last quarter. Finally, Investec Asset Management LTD boosted its position in shares of Anadarko Petroleum Corp. by 22.0% in the first quarter. Investec Asset Management LTD now owns 733,372 shares of the oil and gas development company’s stock worth $34,153,000 after buying an additional 132,061 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

About Anadarko Petroleum Corp.

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