Zacks: Analysts Expect Anadarko Petroleum Corporation (APC) Will Post Quarterly Sales of $2.33 Billion

Brokerages expect that Anadarko Petroleum Corporation (NYSE:APC) will report sales of $2.33 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Anadarko Petroleum Corporation’s earnings, with the lowest sales estimate coming in at $2.05 billion and the highest estimate coming in at $2.61 billion. Anadarko Petroleum Corporation posted sales of $1.92 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 21.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 25th.

According to Zacks, analysts expect that Anadarko Petroleum Corporation will report full year sales of $2.33 billion for the current year, with estimates ranging from $9.20 billion to $12.05 billion. For the next year, analysts anticipate that the firm will post sales of $11.62 billion per share, with estimates ranging from $9.24 billion to $13.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Anadarko Petroleum Corporation.

Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Tuesday, May 2nd. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.34. Anadarko Petroleum Corporation had a negative return on equity of 8.94% and a negative net margin of 23.64%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $2.64 billion.

A number of research analysts recently weighed in on APC shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum Corporation in a research note on Wednesday, March 22nd. Royal Bank Of Canada raised their price target on shares of Anadarko Petroleum Corporation from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, March 17th. Cowen and Company set a $86.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Wednesday, March 8th. Instinet reiterated a “buy” rating and issued a $82.00 price objective on shares of Anadarko Petroleum Corporation in a report on Wednesday, March 8th. Finally, Scotiabank set a $75.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Monday, March 27th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $77.04.

In other Anadarko Petroleum Corporation news, Director Peter J. Fluor purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $51.83 per share, with a total value of $1,036,600.00. Following the transaction, the director now directly owns 146,750 shares of the company’s stock, valued at approximately $7,606,052.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman R A. Walker purchased 19,300 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the transaction, the chairman now directly owns 176,718 shares in the company, valued at $9,157,526.76. The disclosure for this purchase can be found here. Insiders acquired a total of 41,205 shares of company stock valued at $2,136,700 in the last three months. 0.45% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC boosted its position in shares of Anadarko Petroleum Corporation by 0.3% in the first quarter. Nuveen Asset Management LLC now owns 434,490 shares of the oil and gas development company’s stock valued at $26,938,000 after buying an additional 1,399 shares in the last quarter. UBS Oconnor LLC boosted its position in shares of Anadarko Petroleum Corporation by 37.7% in the first quarter. UBS Oconnor LLC now owns 142,095 shares of the oil and gas development company’s stock valued at $8,810,000 after buying an additional 38,915 shares in the last quarter. Piedmont Investment Advisors LLC boosted its position in shares of Anadarko Petroleum Corporation by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 118,616 shares of the oil and gas development company’s stock valued at $7,354,000 after buying an additional 1,027 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Anadarko Petroleum Corporation during the first quarter valued at approximately $2,409,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Anadarko Petroleum Corporation during the first quarter valued at approximately $530,000. 85.79% of the stock is owned by institutional investors.

Shares of Anadarko Petroleum Corporation (NYSE APC) traded down 1.29% during midday trading on Friday, hitting $44.34. The stock had a trading volume of 3,795,706 shares. Anadarko Petroleum Corporation has a 52-week low of $44.30 and a 52-week high of $73.33. The firm has a 50 day moving average price of $50.61 and a 200-day moving average price of $62.11. The stock’s market cap is $24.85 billion.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.20 annualized dividend and a yield of 0.45%. Anadarko Petroleum Corporation’s dividend payout ratio is presently -4.45%.

TRADEMARK VIOLATION WARNING: “Zacks: Analysts Expect Anadarko Petroleum Corporation (APC) Will Post Quarterly Sales of $2.33 Billion” was reported by sleekmoney and is the sole property of of sleekmoney. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://sleekmoney.com/zacks-analysts-expect-anadarko-petroleum-corporation-apc-will-post-quarterly-sales-of-2-33-billion/1943957.html.

Anadarko Petroleum Corporation Company Profile

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.

Get a free copy of the Zacks research report on Anadarko Petroleum Corporation (APC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/zacks-analysts-expect-anadarko-petroleum-corporation-apc-will-post-quarterly-sales-of-2-33-billion/1943957.html

Receive News & Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *