KLR Group reiterated their buy rating on shares of Anadarko Petroleum Corp. (NYSE:APC) in a report released on Monday. The firm currently has a $93.00 price objective on the oil and gas development company’s stock, up from their previous price objective of $85.00.

A number of other research firms have also weighed in on APC. BMO Capital Markets reaffirmed a hold rating on shares of Anadarko Petroleum Corp. in a report on Wednesday, July 6th. Zacks Investment Research raised shares of Anadarko Petroleum Corp. from a hold rating to a buy rating and set a $63.00 target price on the stock in a report on Tuesday, July 12th. Deutsche Bank AG reaffirmed a hold rating on shares of Anadarko Petroleum Corp. in a report on Thursday, June 2nd. Goldman Sachs Group Inc. reaffirmed a buy rating and set a $68.00 target price (up previously from $67.00) on shares of Anadarko Petroleum Corp. in a report on Thursday, July 28th. Finally, Royal Bank Of Canada upped their target price on shares of Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an outperform rating in a report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $68.32.

Shares of Anadarko Petroleum Corp. (NYSE:APC) opened at 57.52 on Monday. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $73.87. The company’s market cap is $29.36 billion. The company has a 50 day moving average of $55.01 and a 200-day moving average of $51.76.

Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.20. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. Anadarko Petroleum Corp.’s revenue was down 27.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. Analysts forecast that Anadarko Petroleum Corp. will post ($2.78) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is presently -1.95%.

Several institutional investors have recently added to or reduced their stakes in the company. Financial Architects Inc increased its position in Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 950 shares during the period. Kanaly Trust Co increased its position in Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 614 shares during the period. Security National Trust Co. increased its position in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock valued at $114,000 after buying an additional 100 shares during the period. Stelac Advisory Services LLC bought a new position in Anadarko Petroleum Corp. during the second quarter valued at approximately $117,000. Finally, Signaturefd LLC increased its position in Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock valued at $122,000 after buying an additional 226 shares during the period. 86.49% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Corp. Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

5 Day Chart for NYSE:APC

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