Anadarko Petroleum Co. (NYSE:APC) – Equities researchers at Piper Jaffray Companies dropped their Q3 2019 earnings per share estimates for Anadarko Petroleum in a report released on Tuesday, May 14th. Piper Jaffray Companies analyst R. Todd now forecasts that the oil and gas development company will post earnings per share of $0.84 for the quarter, down from their prior estimate of $0.90. Piper Jaffray Companies has a “Neutral” rating and a $65.00 price target on the stock. Piper Jaffray Companies also issued estimates for Anadarko Petroleum’s Q4 2019 earnings at $0.91 EPS, FY2019 earnings at $2.99 EPS, Q1 2020 earnings at $0.96 EPS, Q2 2020 earnings at $0.84 EPS, Q3 2020 earnings at $0.86 EPS, Q4 2020 earnings at $0.86 EPS and FY2020 earnings at $3.52 EPS.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.23. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $2.91 billion. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. Anadarko Petroleum’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS.

A number of other analysts have also commented on the stock. Credit Suisse Group lowered shares of Anadarko Petroleum from an “outperform” rating to a “neutral” rating in a research note on Monday. Stifel Nicolaus lowered shares of Anadarko Petroleum from a “buy” rating to a “hold” rating and boosted their price target for the company from $68.00 to $76.00 in a research note on Tuesday, May 7th. MKM Partners boosted their price target on shares of Anadarko Petroleum to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein lowered shares of Anadarko Petroleum from an “outperform” rating to a “market perform” rating and set a $72.55 price target for the company. in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. lowered shares of Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $70.19.

Shares of APC stock opened at $72.96 on Thursday. The firm has a market cap of $36.54 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 4.20 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.77 and a quick ratio of 0.77. Anadarko Petroleum has a 12 month low of $40.40 and a 12 month high of $76.70.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC boosted its holdings in shares of Anadarko Petroleum by 0.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 589,686 shares of the oil and gas development company’s stock worth $39,750,000 after buying an additional 5,305 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Anadarko Petroleum by 0.8% in the 3rd quarter. Legal & General Group Plc now owns 2,258,709 shares of the oil and gas development company’s stock worth $152,245,000 after buying an additional 18,118 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Anadarko Petroleum by 9.4% in the 3rd quarter. Morgan Stanley now owns 1,607,736 shares of the oil and gas development company’s stock worth $108,377,000 after buying an additional 138,238 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Anadarko Petroleum by 217.7% in the 4th quarter. First Hawaiian Bank now owns 11,477 shares of the oil and gas development company’s stock worth $503,000 after buying an additional 7,865 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Anadarko Petroleum in the 4th quarter worth about $346,000. 86.53% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.64%. Anadarko Petroleum’s dividend payout ratio is 53.10%.

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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Earnings History and Estimates for Anadarko Petroleum (NYSE:APC)

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