Anadarko Petroleum (APC) Expected to Announce Quarterly Sales of $2.91 Billion

Cornelia Mascio
Mag 17, 2018

Security National Trust holds 0.03% of its capital in Anadarko Petroleum Corporation (NYSE:APC) for 1,654 shs. The lowest sales estimate is $2.54 billion and the highest is $3.21 billion. The business is scheduled to report its next earnings results after the market closes on Tuesday, May 1st.

Anadarko Petroleum Corporation (NYSE:APC) tinted gains of +0.71% (+0.49 points) to US$69.69. The oil and gas development company reported $0.18 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.15. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.14 billion. Quinn Opportunity Limited Com has invested 0.07% in Anadarko Petroleum Corporation (NYSE:APC). The company's revenue was up 22.7% compared to the same quarter past year. For the past 5 years, the company's revenue has grown 40.8%, while the company's earnings per share has grown 23%. Anadarko Petroleum Corporation had 35 analyst reports since November 17, 2017 according to SRatingsIntel. Finally, HM Payson & Co. grew its position in shares of Anadarko Petroleum by 17.6% during the fourth quarter. Piper Jaffray set a $74.00 target price on Anadarko Petroleum and gave the stock a buy rating in a report on Wednesday, March 14th. Credit Suisse Group set a $71.00 target price on Anadarko Petroleum and gave the stock a "buy" rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Zacks Investment Research cut Anadarko Petroleum from a buy rating to a hold rating in a report on Friday, February 16th. BMO Capital Markets lifted their price objective on shares of Anadarko Petroleum from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $68.10. The stock grabbed 96 new institutional investments totaling 6,343,111 shares while 73 institutional investors sold out their entire positions totaling 6,868,696 shares. It also increased its holding in Burlington Stores Inc (NYSE:BURL) by 931,995 shares in the quarter, for a total of 1.91M shares, and has risen its stake in Berry Global Group Inc (NYSE:BERY). Grassi Investment Management now owns 19,675 shares of the oil and gas development company's stock worth $1,055,000 after acquiring an additional 1,700 shares during the last quarter. Xact Kapitalforvaltning AB now owns 53,994 shares of the oil and gas development company's stock valued at $2,896,000 after purchasing an additional 6,756 shares in the last quarter. The short interest to Anadarko Petroleum Corporation's float is 4.09%. Amundi Pioneer Asset Management Inc. now owns 399,689 shares of the oil and gas development company's stock valued at $24,145,000 after buying an additional 26,422 shares during the last quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company's stock worth $126,152,000 after acquiring an additional 63,165 shares in the last quarter. Institutional investors own 91.33% of the company's stock. Vantage Inv Advsr Limited Liability Co stated it has 0% in Anadarko Petroleum Corporation (NYSE:APC).

The stock increased 1.30% or $0.9 during the last trading session, touching $70.1.Anadarko Petroleum Corporation has volume of 1.87M shares. The company has a market capitalization of $35.64 billion, a PE ratio of -35.62, a P/E/G ratio of 2.87 and a beta of 1.26. Anadarko Petroleum Corporation has $109 highest and $4 lowest target. The stock is a Buy among 12 brokerage firms polled by Factset Research. Stockholders of record on Wednesday, June 13th will be issued a dividend of $0.25 per share.

On 2/9/2017 NYSE:APC - Anadarko Petroleum announced a quarterly dividend of $0.05 0.29% with an ex dividend date of 3/6/2017 which will be payable on 3/22/2017. The Japan-based Mitsubishi Ufj Bk Corporation has invested 0.11% in Anadarko Petroleum Corporation (NYSE:APC). This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. Anadarko Petroleum's dividend payout ratio (DPR) is -51.02%. Finally, Sawyer & Company Inc purchased a new position in shares of Anadarko Petroleum in the fourth quarter valued at $186,000. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

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.

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