(APC) Stock Rating Reaffirmed by Bank of America Corp
(APC) Stock Rating Reaffirmed by Bank of America Corp
Anadarko Petroleum Corp
17 May, 2017, 20:05
(NYSE:APC) in a research report released on Thursday.
The broker said it has now set a "Buy" rating on shares of Anadarko Petroleum APC with a price target of 81.
In an analyst rating update on Monday shares of Anadarko Petroleum APC (NYSE:APC) had their rating indicated by analysts at Stifel Nicolaus.
In terms of Buy, Sell or Hold recommendations, Anadarko Petroleum Corp (NYSE:APC) has analysts' mean recommendation of 2. If you are viewing this piece of content on another website, it was stolen and republished in violation of worldwide trademark & copyright legislation. Morgan Stanley downgraded Anadarko Petroleum from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock.in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The company has an average rating of "Buy" and an average target price of $76.14. (NYSE:APC) traded up 0.17% during mid-day trading on Friday, hitting $51.63. The company has market cap of $3.10 billion. Anadarko Petroleum Corporation (APC) 52 week low value is at $47.35 and its current distance from 52 week low value is 9.29%. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Anadarko Petroleum Corporation the EPS stands at -0.6 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.24, suggesting the stock fell short of the analysts' expectations. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by $0.34. Also, the number of investment managers holding Anadarko Petroleum Corp in their top 10 holdings decreased from 26 to 24 for a decrease of 2. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $2.64 billion. Ledyard Financial Bank stated it has 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). If you are reading this report on another website, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright laws.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Raymond James And Assocs invested in 0.01% or 95,494 shares. The ex-dividend date is Monday, June 12th. Now it is offering a dividend yield of 2.81% and a 5 year dividend growth rate of 0.00%.
Anadarko Petroleum Corporation (NYSE:APC) had a decrease of 6.82% in short interest.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Meiji Yasuda Asset Management Ltd has 0.35% invested in Anadarko Petroleum Corporation (NYSE:APC) for 44,631 shares. Honkamp Krueger Financial Services Inc. now owns 13,586 shares of the oil and gas development company's stock worth $842,000 after buying an additional 51 shares during the last quarter. BlackRock Inc. raised its position in shares of Anadarko Petroleum by 3,052.0% in the first quarter. Jennison Associates LLC now owns 2,407,236 shares of the oil and gas development company's stock valued at $152,522,000 after buying an additional 540,804 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Anadarko Petroleum by 1.4% in the third quarter. IFP Advisors Inc now owns 7,043 shares of the oil and gas development company's stock worth $437,000 after buying an additional 78 shares in the last quarter. AMP Capital Investors Ltd boosted its position in shares of Anadarko Petroleum by 6.6% in the third quarter. Vanguard Group Inc. now owns 38,870,940 shares of the oil and gas development company's stock worth $2,409,998,000 after buying an additional 1,227,182 shares during the period. They now have a $81.00 target price on the oil and gas development company's stock, up from their prior target price of $77.00. Following the ROIC (Return on Invested Capital) numbers, Anadarko Petroleum Corporation (NYSE:APC)'s ROIC is -0.003571. The Firm is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company's product groups include leisure, fashion and home, and party and snack.
On average, analysts forecast that DiamondRock Hospitality Company will post $0.50 earnings per share for the current fiscal year. DiamondRock Hospitality Company (NYSE:DRH) opened at 10.57 on Friday. 356,111 were reported by Great West Life Assurance Co Can.
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