Johnson Rice lowered shares of Anadarko Petroleum (NYSE:APC) from a buy rating to an accumulate rating in a report published on Wednesday morning, Marketbeat.com reports.

Other research analysts also recently issued reports about the company. Stifel Nicolaus lifted their price target on Anadarko Petroleum from $80.00 to $85.00 and gave the stock a buy rating in a research report on Tuesday, July 10th. Credit Suisse Group set a $84.00 price target on Anadarko Petroleum and gave the stock a buy rating in a research report on Monday, July 9th. ValuEngine raised Anadarko Petroleum from a hold rating to a buy rating in a research report on Friday, June 22nd. Zacks Investment Research raised Anadarko Petroleum from a hold rating to a buy rating and set a $74.00 price target on the stock in a research report on Wednesday, May 9th. Finally, Jefferies Financial Group set a $77.00 price target on Anadarko Petroleum and gave the stock a buy rating in a research report on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $78.15.

Shares of NYSE APC opened at $62.05 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $34.22 billion, a price-to-earnings ratio of -31.66, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. Anadarko Petroleum has a 12 month low of $39.96 and a 12 month high of $76.70.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.06). The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.08 billion. Anadarko Petroleum had a return on equity of 1.85% and a net margin of 3.63%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.75) earnings per share. research analysts forecast that Anadarko Petroleum will post 3.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Tuesday, September 11th. Anadarko Petroleum’s dividend payout ratio is presently -51.02%.

Anadarko Petroleum announced that its board has initiated a share repurchase plan on Monday, July 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the oil and gas development company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in APC. Global X Management Co. LLC increased its position in shares of Anadarko Petroleum by 51.7% during the first quarter. Global X Management Co. LLC now owns 4,989 shares of the oil and gas development company’s stock valued at $301,000 after purchasing an additional 1,701 shares during the period. Tower Bridge Advisors grew its position in Anadarko Petroleum by 178.1% in the first quarter. Tower Bridge Advisors now owns 24,205 shares of the oil and gas development company’s stock valued at $1,462,000 after acquiring an additional 15,500 shares during the period. Dupont Capital Management Corp grew its position in Anadarko Petroleum by 20.2% in the first quarter. Dupont Capital Management Corp now owns 5,593 shares of the oil and gas development company’s stock valued at $338,000 after acquiring an additional 939 shares during the period. Twin Capital Management Inc. bought a new stake in Anadarko Petroleum in the first quarter valued at $825,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in Anadarko Petroleum by 1.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 314,212 shares of the oil and gas development company’s stock valued at $18,982,000 after acquiring an additional 3,517 shares during the period. Institutional investors and hedge funds own 88.56% of the company’s stock.

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).

Recommended Story: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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