Anadarko Petroleum (APC) Receives “Buy” Rating from Piper Jaffray

Piper Jaffray restated their buy rating on shares of Anadarko Petroleum (NYSE:APC) in a research report released on Wednesday morning. Piper Jaffray currently has a $77.00 price objective on the oil and gas development company’s stock.

Several other equities analysts have also recently commented on the stock. Seaport Global Securities raised shares of Anadarko Petroleum from a neutral rating to a buy rating in a research note on Tuesday, December 19th. Citigroup cut shares of Anadarko Petroleum from a buy rating to a neutral rating and set a $60.00 target price on the stock. in a research note on Wednesday, January 3rd. Royal Bank of Canada set a $63.00 target price on shares of Anadarko Petroleum and gave the company a buy rating in a research note on Wednesday, December 20th. Credit Suisse Group set a $71.00 target price on shares of Anadarko Petroleum and gave the company a buy rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Stifel Nicolaus reissued a buy rating and set a $76.00 target price (up previously from $73.00) on shares of Anadarko Petroleum in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. Anadarko Petroleum has a consensus rating of Buy and a consensus target price of $68.15.

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APC stock opened at $66.49 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.73 and a current ratio of 1.73. Anadarko Petroleum has a fifty-two week low of $39.96 and a fifty-two week high of $67.24. The stock has a market capitalization of $35,186.75, a P/E ratio of -33.92, a PEG ratio of 3.83 and a beta of 1.27.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company earned ($0.50) EPS. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. research analysts forecast that Anadarko Petroleum will post 1.73 earnings per share for the current fiscal year.

Anadarko Petroleum declared that its board has authorized a stock buyback plan on Wednesday, February 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 14th were given a dividend of $0.25 per share. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. Anadarko Petroleum’s dividend payout ratio (DPR) is -51.02%.

Large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Anadarko Petroleum in the third quarter worth about $116,000. Cerebellum GP LLC acquired a new position in shares of Anadarko Petroleum in the fourth quarter worth about $131,000. Resources Investment Advisors Inc. acquired a new position in shares of Anadarko Petroleum in the fourth quarter worth about $142,000. Avestar Capital LLC acquired a new position in shares of Anadarko Petroleum in the fourth quarter worth about $129,000. Finally, Clear Perspective Advisors LLC boosted its holdings in shares of Anadarko Petroleum by 166.7% in the fourth quarter. Clear Perspective Advisors LLC now owns 3,200 shares of the oil and gas development company’s stock worth $172,000 after buying an additional 2,000 shares during the period. Institutional investors own 88.01% of the company’s stock.

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Anadarko Petroleum Company Profile

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).

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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