Anadarko Petroleum (APC) Announces Earnings Results

Share on StockTwits

Anadarko Petroleum (NYSE:APC) posted its earnings results on Tuesday. The oil and gas development company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19), Bloomberg Earnings reports. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Anadarko Petroleum had a return on equity of 8.90% and a net margin of 11.49%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS.

Shares of APC opened at $49.08 on Wednesday. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of -25.04, a P/E/G ratio of 1.97 and a beta of 1.58. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87. Anadarko Petroleum has a fifty-two week low of $40.40 and a fifty-two week high of $76.70.

Institutional investors and hedge funds have recently made changes to their positions in the business. We Are One Seven LLC acquired a new stake in Anadarko Petroleum during the 4th quarter worth about $41,000. Legacy Bridge LLC acquired a new stake in Anadarko Petroleum during the 4th quarter worth about $43,000. Essex Savings Bank acquired a new stake in Anadarko Petroleum during the 4th quarter worth about $67,000. Clean Yield Group acquired a new stake in Anadarko Petroleum during the 4th quarter worth about $75,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in Anadarko Petroleum during the 4th quarter worth about $84,000. 85.03% of the stock is currently owned by institutional investors.

APC has been the subject of several analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price objective on shares of Anadarko Petroleum in a report on Thursday, October 11th. Morgan Stanley set a $85.00 price objective on Anadarko Petroleum and gave the company a “hold” rating in a report on Friday, October 12th. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, October 16th. Wells Fargo & Co upgraded Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 23rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $81.00 target price on shares of Anadarko Petroleum in a research note on Wednesday, October 24th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $78.19.

COPYRIGHT VIOLATION NOTICE: This report was published by Equities Focus and is the sole property of of Equities Focus. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.equitiesfocus.com/2019/02/05/anadarko-petroleum-apc-posts-earnings-results-misses-expectations-by-0-24-eps.html.

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).

Recommended Story: How is the LIBOR rate calculated?

Earnings History for Anadarko Petroleum (NYSE:APC)

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.

Leave a Reply