$0.33 EPS Expected for Anadarko Petroleum Co. (APC) This Quarter

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.

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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.

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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.

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Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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