Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Anadarko Petroleum (APC) Share Price
Media stories about Anadarko Petroleum (NYSE:APC) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Anadarko Petroleum earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the oil and gas development company an impact score of 46.9368149833798 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- You can’t brush off the outlook: Anadarko Petroleum Corporation (APC), Geron Corporation (GERN) – Market Movers (financialqz.com)
- Anadarko Petroleum Corporation (APC) Consensus Earnings Outlook – Newburgh Gazette (newburghgazette.com)
- As a cold front threatens record lows this weekend, these… (finance.yahoo.com)
- Alaskan oil lease sale brings few bids despite vast territory offered (APC, COP, REP) (markets.businessinsider.com)
- S&P 500 Analyst Moves: APC (nasdaq.com)
APC has been the topic of a number of research analyst reports. Scotiabank set a $64.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub downgraded Anadarko Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Royal Bank Of Canada set a $62.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. Jefferies Group set a $62.00 price target on Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, August 28th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Anadarko Petroleum in a report on Sunday, September 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum has a consensus rating of “Buy” and an average target price of $67.18.
Shares of Anadarko Petroleum (NYSE APC) traded up $0.60 on Friday, hitting $47.92. The stock had a trading volume of 6,149,798 shares, compared to its average volume of 5,440,492. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum has a 12-month low of $39.96 and a 12-month high of $73.33.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned ($0.89) earnings per share. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. analysts forecast that Anadarko Petroleum will post -2.24 earnings per share for the current fiscal year.
Anadarko Petroleum announced that its Board of Directors has approved a share repurchase program on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. Anadarko Petroleum’s dividend payout ratio is currently -5.63%.
Anadarko Petroleum Company Profile
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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