The transaction doubles Anadarko’s ownership in the offshore Lucius development to 49 percent, up from the company’s previous stake of 23.8 percent. It has been assigned a low target price of $28 and a high target price of $68.
Advertisement
A number of other research analysts have also commented on the stock.
Goldman Sachs Group Inc. reiterated their outperform rating on shares of Anadarko Petroleum Corp.
Many analysts are providing their Estimated Earnings analysis for Anadarko Petroleum Corporation and for the current quarter 33 analysts have projected that the stock could give an Average Earnings estimate of $-0.56/share.
On 7/29/2016, Barclays Capital released a statement for Anadarko Petroleum Corporation (NYSE:APC) upped the target price from $46.00 to $50.00 that indicated a possible downside of -0.08%.
Also covering Anadarko Petroleum Corporation’s stock price target, a total of 32 firms have issued a ratings update on Anadarko Petroleum Corporation. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. The stock has a consensus rating of “Buy” and a consensus price target of $67.35.
Analysts’ mean recommendation for Anadarko Petroleum Corporation’s (APC) stands at 2.10. APC’s market capitalization is presently $0.0. Fluor Peter J now have 112,285 shares in the company after this transaction. The 52 week high Anadarko Petroleum Corporation’s shares have reached is 73.87 whilst the 52 week low for the company’s shares is 28.16. Anadarko Petroleum Corp. The firm’s 50-day moving average price is $54.72 and its 200-day moving average price is $51.33.
Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The firm earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period a year ago, the company earned $0.01 EPS. Anadarko Petroleum Corp. The firm’s revenue for the quarter was down 27.4% compared to the same quarter past year. Equities analysts predict that Anadarko Petroleum Corp. will post ($2.84) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. The number of shares now owned by investors are 521.86 mln. It has a dividend yield of 0.36%. Anadarko Petroleum Corp.’s dividend payout ratio is now -1.95%.
Several institutional investors have recently modified their holdings of the company.
Along with these its year to date performance is standing at 14.83%. Finally, BlackRock Institutional Trust Company N.A. increased its position in Anadarko Petroleum Corp.by 2.0% in the second quarter. Fayez Sarofim & Co. raised its stake in Anadarko Petroleum Corp.by 1.1% in the second quarter. Adage Capital Partners GP L.L.C. now owns 6,976,714 shares of the oil and gas development company’s stock valued at $324,906,000 after buying an additional 2,654,700 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Anadarko Petroleum Corp.by 11.0% in the second quarter. State Street Corp now owns 24,813,542 shares of the oil and gas development company’s stock valued at $1,155,576,000 after buying an additional 783,761 shares during the last quarter.
Advertisement
Johnson Rice has been a brokerage house following shares of Anadarko Petroleum Corporation (APC), so its rating change is noteworthy. The Company has three segments: Oil and gas exploration and production, Midstream and Marketing.
