Anadarko Petroleum Co. (NYSE:APC) – Research analysts at Mitsubishi UFJ Financial Group reduced their Q2 2019 earnings per share estimates for Anadarko Petroleum in a report released on Wednesday, February 6th. Mitsubishi UFJ Financial Group analyst M. Mcallister now anticipates that the oil and gas development company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.47. Mitsubishi UFJ Financial Group also issued estimates for Anadarko Petroleum’s FY2019 earnings at $1.68 EPS, Q3 2020 earnings at $0.45 EPS, Q4 2020 earnings at $0.54 EPS and FY2020 earnings at $1.76 EPS.
A number of other research firms have also recently weighed in on APC. Zacks Investment Research cut Anadarko Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Jefferies Financial Group lowered their price objective on Anadarko Petroleum from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Credit Suisse Group set a $89.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research report on Friday, November 16th. Morgan Stanley lowered their price objective on Anadarko Petroleum from $83.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Anadarko Petroleum in a research report on Monday, November 19th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Anadarko Petroleum currently has an average rating of “Buy” and an average target price of $77.20.
NYSE APC opened at $42.56 on Monday. Anadarko Petroleum has a fifty-two week low of $40.40 and a fifty-two week high of $76.70. The firm has a market capitalization of $21.10 billion, a PE ratio of 18.83, a P/E/G ratio of 1.79 and a beta of 1.58. The company has a quick ratio of 0.87, a current ratio of 0.81 and a debt-to-equity ratio of 1.41.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.19). Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm earned $0.18 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in Anadarko Petroleum by 11.8% during the third quarter. BlackRock Inc. now owns 47,443,900 shares of the oil and gas development company’s stock valued at $3,198,193,000 after acquiring an additional 5,004,406 shares during the period. FMR LLC grew its holdings in Anadarko Petroleum by 9.2% in the second quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock worth $1,754,305,000 after purchasing an additional 2,011,856 shares during the period. Bank of New York Mellon Corp grew its holdings in Anadarko Petroleum by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock worth $544,639,000 after purchasing an additional 138,019 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Anadarko Petroleum by 22.8% in the third quarter. Janus Henderson Group PLC now owns 7,350,604 shares of the oil and gas development company’s stock valued at $495,505,000 after buying an additional 1,363,271 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Anadarko Petroleum by 350.0% in the third quarter. AQR Capital Management LLC now owns 5,737,992 shares of the oil and gas development company’s stock valued at $386,798,000 after buying an additional 4,462,780 shares in the last quarter. 85.57% of the stock is owned by hedge funds and other institutional investors.
About Anadarko Petroleum
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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