Anadarko Petroleum Corporation (APC) Given “Buy” Rating at Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Anadarko Petroleum Corporation (NYSE:APC) in a report published on Tuesday morning. Jefferies Group LLC currently has a $57.00 price target on the oil and gas development company’s stock. Jefferies Group also issued estimates for Anadarko Petroleum Corporation’s Q1 2018 earnings at ($0.29) EPS, Q2 2018 earnings at ($0.35) EPS, Q3 2018 earnings at ($0.26) EPS, Q4 2018 earnings at ($0.24) EPS, FY2018 earnings at ($1.14) EPS, Q1 2019 earnings at ($0.03) EPS, Q2 2019 earnings at ($0.07) EPS and Q3 2019 earnings at ($0.11) EPS.

Several other equities analysts also recently issued reports on APC. Royal Bank Of Canada set a $78.00 price objective on Anadarko Petroleum Corporation and gave the company a buy rating in a research report on Saturday, June 17th. BidaskClub downgraded Anadarko Petroleum Corporation from a sell rating to a strong sell rating in a research report on Thursday, August 17th. Stifel Nicolaus set a $73.00 price objective on Anadarko Petroleum Corporation and gave the company a buy rating in a research report on Thursday, October 5th. Atlantic Securities upgraded Anadarko Petroleum Corporation from a neutral rating to an overweight rating and lifted their price objective for the company from $49.05 to $62.00 in a research report on Friday, October 6th. Finally, Bank of America Corporation cut their price objective on Anadarko Petroleum Corporation from $81.00 to $80.00 and set a buy rating for the company in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $68.96.

Shares of Anadarko Petroleum Corporation (NYSE APC) traded down 0.361% on Tuesday, hitting $48.235. The stock had a trading volume of 1,011,584 shares. Anadarko Petroleum Corporation has a 52 week low of $39.96 and a 52 week high of $73.33. The company’s market cap is $27.03 billion. The firm has a 50 day moving average price of $44.98 and a 200-day moving average price of $49.07.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted ($0.60) EPS. The company’s revenue for the quarter was up 41.8% compared to the same quarter last year. Analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.

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Anadarko Petroleum Corporation declared that its board has initiated a share repurchase plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th were paid a $0.05 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

Large investors have recently bought and sold shares of the business. Guardian Life Insurance Co. of America grew its stake in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after acquiring an additional 15 shares during the period. FNY Partners Fund LP grew its stake in Anadarko Petroleum Corporation by 2,900.0% in the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,900 shares during the period. Sun Life Financial INC grew its stake in Anadarko Petroleum Corporation by 1,363.4% in the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,795 shares during the period. YorkBridge Wealth Partners LLC grew its stake in Anadarko Petroleum Corporation by 12.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock valued at $166,000 after acquiring an additional 402 shares during the period. Finally, Fifth Third Bancorp grew its stake in Anadarko Petroleum Corporation by 33.9% in the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after acquiring an additional 680 shares during the period. 85.05% of the stock is owned by hedge funds and other institutional investors.

About Anadarko Petroleum Corporation

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.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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