Zacks: Brokerages Expect Anadarko Petroleum Corporation (APC) to Post -$0.22 EPS

Wall Street analysts expect Anadarko Petroleum Corporation (NYSE:APC) to report earnings per share (EPS) of ($0.22) for the current quarter, Zacks reports. Six analysts have issued estimates for Anadarko Petroleum Corporation’s earnings. The lowest EPS estimate is ($0.44) and the highest is $0.11. Anadarko Petroleum Corporation posted earnings per share of ($0.60) during the same quarter last year, which indicates a positive year-over-year growth rate of 63.3%. The business is scheduled to issue its next earnings results on Tuesday, July 25th.

According to Zacks, analysts expect that Anadarko Petroleum Corporation will report full-year earnings of ($0.89) per share for the current fiscal year, with EPS estimates ranging from ($1.96) to ($0.08). For the next financial year, analysts forecast that the company will post earnings of ($0.08) per share, with EPS estimates ranging from ($3.29) to $1.22. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Anadarko Petroleum Corporation.

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

A number of equities analysts have commented on APC shares. Royal Bank Of Canada boosted their price target on shares of Anadarko Petroleum Corporation from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, March 17th. Instinet reissued a “buy” rating and set a $82.00 price target on shares of Anadarko Petroleum Corporation in a report on Wednesday, March 8th. Citigroup Inc reissued a “buy” rating and set a $85.00 price target (up previously from $82.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, March 11th. Jefferies Group LLC reissued a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum Corporation in a report on Wednesday, March 22nd. Finally, Cowen and Company set a $86.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Wednesday, March 8th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.04.

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Shares of Anadarko Petroleum Corporation (NYSE:APC) traded up 0.91% during trading on Thursday, reaching $45.50. 5,413,190 shares of the company’s stock were exchanged. The company’s 50-day moving average is $50.61 and its 200 day moving average is $62.11. The stock’s market capitalization is $25.50 billion. Anadarko Petroleum Corporation has a 52 week low of $45.10 and a 52 week high of $73.33.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Wednesday, June 14th will be paid a $0.05 dividend. The ex-dividend date is Monday, June 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -4.45%.

In related news, Chairman R A. Walker purchased 19,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the purchase, the chairman now owns 176,718 shares of the company’s stock, valued at approximately $9,157,526.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony R. Chase purchased 1,905 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average cost of $52.48 per share, for a total transaction of $99,974.40. Following the purchase, the director now directly owns 23,636 shares in the company, valued at approximately $1,240,417.28. The disclosure for this purchase can be found here. Insiders purchased a total of 41,205 shares of company stock worth $2,136,700 in the last three months. 0.45% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of APC. Shelton Capital Management boosted its position in shares of Anadarko Petroleum Corporation by 1.1% in the fourth quarter. Shelton Capital Management now owns 27,390 shares of the oil and gas development company’s stock worth $1,910,000 after buying an additional 300 shares in the last quarter. Airain ltd boosted its position in shares of Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock worth $4,400,000 after buying an additional 40,878 shares in the last quarter. Quantitative Investment Management LLC boosted its position in shares of Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock worth $9,176,000 after buying an additional 139,700 shares in the last quarter. Adviser Investments LLC bought a new position in shares of Anadarko Petroleum Corporation during the first quarter worth $299,000. Finally, Folger Hill Asset Management LP boosted its position in shares of Anadarko Petroleum Corporation by 439.0% in the fourth quarter. Folger Hill Asset Management LP now owns 107,801 shares of the oil and gas development company’s stock worth $7,517,000 after buying an additional 87,801 shares in the last quarter. 85.79% of the stock is currently 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.

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