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.
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).
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