Brokerages predict that Anadarko Petroleum Co. (NYSE:APC) will post $0.33 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for Anadarko Petroleum’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.06. Anadarko Petroleum posted earnings of ($0.60) per share during the same quarter last year, which would indicate a positive year over year growth rate of 155%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Anadarko Petroleum will report full-year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $0.22 to $3.02. For the next year, analysts forecast that the company will post earnings of $1.79 per share, with EPS estimates ranging from $0.51 to $3.09. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Anadarko Petroleum.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The business’s revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.50) earnings per share.
APC has been the subject of several analyst reports. Scotiabank set a $62.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Saturday, November 25th. Royal Bank of Canada set a $63.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Jefferies Group set a $61.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Seaport Global Securities upgraded Anadarko Petroleum from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Cowen set a $70.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $67.70.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stelac Advisory Services LLC bought a new position in shares of Anadarko Petroleum in the third quarter valued at $107,000. Steward Partners Investment Advisory LLC bought a new position in shares of Anadarko Petroleum in the third quarter valued at $116,000. Avestar Capital LLC bought a new position in shares of Anadarko Petroleum in the fourth quarter valued at $129,000. Cerebellum GP LLC bought a new position in shares of Anadarko Petroleum in the fourth quarter valued at $131,000. Finally, Resources Investment Advisors Inc. bought a new position in shares of Anadarko Petroleum in the fourth quarter valued at $142,000. 87.28% of the stock is currently owned by institutional investors.
Anadarko Petroleum (NYSE APC) opened at $58.03 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $30,900.22, a P/E ratio of -71.64, a PEG ratio of 3.71 and a beta of 1.40. Anadarko Petroleum has a 52-week low of $39.96 and a 52-week high of $64.17.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.72%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.05. Anadarko Petroleum’s dividend payout ratio is currently -24.69%.
Anadarko Petroleum declared that its board has initiated a stock buyback plan on Wednesday, February 7th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas development company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
TRADEMARK VIOLATION NOTICE: This story was posted by Enterprise Leader and is the sole property of of Enterprise Leader. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://theenterpriseleader.com/2018/04/02/0-33-eps-expected-for-anadarko-petroleum-co-apc-this-quarter.html.
Anadarko Petroleum Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.