Wall Street brokerages forecast that Anadarko Petroleum Corporation (NYSE:APC) will report $2.34 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Anadarko Petroleum Corporation’s earnings, with the highest sales estimate coming in at $2.63 billion and the lowest estimate coming in at $1.96 billion. Anadarko Petroleum Corporation reported sales of $1.89 billion during the same quarter last year, which would suggest a positive year over year growth rate of 23.8%. The company is expected to announce its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that Anadarko Petroleum Corporation will report full-year sales of $2.34 billion for the current fiscal year, with estimates ranging from $8.71 billion to $12.23 billion. For the next year, analysts expect that the business will post sales of $10.69 billion per share, with estimates ranging from $9.35 billion to $13.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Anadarko Petroleum Corporation.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The company’s revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.60) earnings per share.

Several brokerages have recently issued reports on APC. Barclays PLC reaffirmed an “equal weight” rating and issued a $57.00 target price (down previously from $59.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, April 22nd. Royal Bank Of Canada set a $84.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday, April 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 target price on shares of Anadarko Petroleum Corporation in a research note on Friday, April 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $77.00 target price (up previously from $75.00) on shares of Anadarko Petroleum Corporation in a research note on Wednesday, May 3rd. Finally, Morgan Stanley lowered shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Anadarko Petroleum Corporation currently has an average rating of “Buy” and an average target price of $69.81.

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Shares of Anadarko Petroleum Corporation (NYSE:APC) traded up 0.84% during mid-day trading on Thursday, hitting $44.47. 130,904 shares of the stock were exchanged. Anadarko Petroleum Corporation has a 1-year low of $42.58 and a 1-year high of $73.33. The firm’s market cap is $24.92 billion. The company’s 50-day moving average is $44.69 and its 200-day moving average is $55.78.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.

In other Anadarko Petroleum Corporation news, Director Peter J. Fluor acquired 20,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $51.83 per share, for a total transaction of $1,036,600.00. Following the completion of the acquisition, the director now directly owns 146,750 shares of the company’s stock, valued at $7,606,052.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman R A. Walker acquired 19,300 shares of the stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the completion of the acquisition, the chairman now directly owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The disclosure for this purchase can be found here. Insiders bought 41,205 shares of company stock worth $2,136,700 over the last quarter. 0.45% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of APC. Macquarie Group Ltd. increased its stake in Anadarko Petroleum Corporation by 36.6% in the fourth quarter. Macquarie Group Ltd. now owns 130,428 shares of the oil and gas development company’s stock worth $9,095,000 after buying an additional 34,929 shares during the period. Gulf International Bank UK Ltd increased its position in shares of Anadarko Petroleum Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 171,004 shares of the oil and gas development company’s stock worth $10,602,000 after buying an additional 2,300 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Anadarko Petroleum Corporation by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 3,375 shares of the oil and gas development company’s stock worth $198,000 after buying an additional 48 shares during the last quarter. National Pension Service increased its position in shares of Anadarko Petroleum Corporation by 8.0% in the first quarter. National Pension Service now owns 447,085 shares of the oil and gas development company’s stock worth $27,795,000 after buying an additional 33,299 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. increased its position in shares of Anadarko Petroleum Corporation by 48.2% in the first quarter. Verde Servicos Internacionais S.A. now owns 41,252 shares of the oil and gas development company’s stock worth $2,557,000 after buying an additional 13,416 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

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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Earnings History and Estimates for Anadarko Petroleum Corporation (NYSE:APC)

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