Mitsubishi UFJ Financial Group downgraded shares of Anadarko Petroleum (NYSE:APC) from an overweight rating to a neutral rating in a research note released on Friday morning, The Fly reports.

APC has been the topic of a number of other research reports. Zacks Investment Research raised Anadarko Petroleum from a sell rating to a hold rating in a research report on Wednesday, January 9th. Mizuho reissued a buy rating and set a $55.00 price target on shares of Anadarko Petroleum in a research report on Tuesday, February 12th. SunTrust Banks set a $55.00 price target on Anadarko Petroleum and gave the stock a hold rating in a research report on Tuesday, January 29th. Credit Suisse Group dropped their price target on Anadarko Petroleum from $73.00 to $67.00 and set an outperform rating on the stock in a research report on Wednesday, February 6th. Finally, Guggenheim set a $69.00 price target on Anadarko Petroleum and gave the stock a buy rating in a research report on Friday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $73.84.

APC opened at $62.26 on Friday. Anadarko Petroleum has a 12-month low of $40.40 and a 12-month high of $76.70. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $23.38 billion, a PE ratio of 27.55, a PEG ratio of 2.33 and a beta of 1.55.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the company posted $0.18 EPS. Anadarko Petroleum’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities analysts expect that Anadarko Petroleum will post 1.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Tuesday, March 12th. Anadarko Petroleum’s payout ratio is currently 53.10%.

A number of hedge funds have recently modified their holdings of APC. Claybrook Capital LLC bought a new stake in Anadarko Petroleum during the fourth quarter valued at about $29,000. We Are One Seven LLC purchased a new stake in Anadarko Petroleum in the fourth quarter valued at about $41,000. Legacy Bridge LLC purchased a new stake in Anadarko Petroleum in the fourth quarter valued at about $43,000. Lindbrook Capital LLC purchased a new stake in Anadarko Petroleum in the fourth quarter valued at about $43,000. Finally, Bremer Trust National Association purchased a new stake in Anadarko Petroleum in the fourth quarter valued at about $47,000. 87.05% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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