Anadarko Petroleum (NASDAQ:APC) Announces Earnings Results, Hits Expectations

Anadarko Petroleum (NASDAQ:APC) released its quarterly earnings results on Friday. The oil and gas development company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20, Briefing.com reports. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The company’s revenue for the quarter was down .2% compared to the same quarter last year.

Anadarko Petroleum Trading Down 1.6%

Shares of NASDAQ:APC traded down $0.34 during midday trading on Friday, hitting $20.57. The company had a trading volume of 136,513 shares, compared to its average volume of 182,760. Anadarko Petroleum has a 12 month low of $17.00 and a 12 month high of $21.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The stock has a market cap of $258.56 million, a price-to-earnings ratio of 89.43, a PEG ratio of 5.64 and a beta of 1.64. The firm has a fifty day simple moving average of $18.67 and a 200 day simple moving average of $48.56.

Anadarko Petroleum Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Friday, April 10th were given a $0.26 dividend. The ex-dividend date was Friday, April 10th. Anadarko Petroleum’s dividend payout ratio (DPR) is currently 452.17%.

Analysts Set New Price Targets

APC has been the subject of several research reports. Stifel Nicolaus initiated coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 target price for the company. Mizuho initiated coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “neutral” rating and a $20.00 target price for the company. UBS Group initiated coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 target price for the company. Zacks Research raised Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Capital One Financial initiated coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued an “overweight” rating and a $21.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $21.60.

Insider Activity

In other news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $19.00, for a total value of $475,000.00. Following the transaction, the insider directly owned 125,000 shares in the company, valued at $2,375,000. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.