Anadarko Petroleum (NASDAQ:APC) Releases Quarterly Earnings Results, Hits Estimates

Anadarko Petroleum (NASDAQ:APC) posted its quarterly earnings results on Friday. The oil and gas development company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20, Briefing.com reports. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year.

Anadarko Petroleum Stock Down 1.6%

Anadarko Petroleum stock traded down $0.34 during mid-day trading on Friday, hitting $20.57. 136,513 shares of the company’s stock were exchanged, compared to its average volume of 182,760. Anadarko Petroleum has a 1-year low of $17.00 and a 1-year high of $21.72. The stock has a 50 day moving average of $18.67 and a two-hundred day moving average of $48.56. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The stock has a market cap of $258.56 million, a P/E ratio of 89.43, a P/E/G ratio of 5.64 and a beta of 1.64.

Anadarko Petroleum Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Friday, April 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum’s dividend payout ratio is presently 452.17%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group started coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 target price on the stock. Zacks Research raised Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Mizuho started coverage on Anadarko Petroleum in a report on Monday, March 9th. They set a “neutral” rating and a $20.00 price target for the company. Raymond James Financial began coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “strong-buy” rating and a $23.00 price target for the company. Finally, Capital One Financial started coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued an “overweight” rating and a $21.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $21.60.

Insider Buying and Selling at Anadarko Petroleum

In other news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $19.00, for a total transaction of $475,000.00. Following the completion of the sale, the insider owned 125,000 shares in the company, valued at approximately $2,375,000. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.