Anadarko Petroleum Corporation (APC) Forecasted to Post Q3 2017 Earnings of ($0.80) Per Share

Anadarko Petroleum Corporation (NYSE:APC) – Research analysts at Seaport Global Securities lowered their Q3 2017 earnings per share (EPS) estimates for Anadarko Petroleum Corporation in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas development company will earn ($0.80) per share for the quarter, down from their prior forecast of ($0.47). Seaport Global Securities also issued estimates for Anadarko Petroleum Corporation’s Q4 2017 earnings at ($0.58) EPS, FY2017 earnings at ($2.74) EPS, Q1 2018 earnings at ($0.90) EPS, Q2 2018 earnings at ($0.89) EPS, Q3 2018 earnings at ($0.67) EPS, Q4 2018 earnings at ($0.66) EPS and FY2018 earnings at ($3.12) EPS.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted ($0.60) EPS. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year.

TRADEMARK VIOLATION WARNING: “Anadarko Petroleum Corporation (APC) Forecasted to Post Q3 2017 Earnings of ($0.80) Per Share” was originally published by BNB Daily and is the property of of BNB Daily. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/anadarko-petroleum-corporation-apc-forecasted-to-post-q3-2017-earnings-of-0-80-per-share-updated-updated.html.

APC has been the subject of a number of other research reports. Zacks Investment Research cut Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Susquehanna Bancshares Inc began coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They issued a “positive” rating and a $60.00 target price for the company. Citigroup Inc. dropped their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $79.00 target price on shares of Anadarko Petroleum Corporation in a report on Friday, May 26th. Finally, Cowen and Company set a $60.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.81.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 45.67 on Monday. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33. The company’s market cap is $25.59 billion. The firm has a 50-day moving average price of $45.27 and a 200 day moving average price of $56.90.

In other news, Director Anthony R. Chase purchased 1,905 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were acquired at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the purchase, the director now owns 23,636 shares in the company, valued at $1,240,417.28. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman R A. Walker purchased 19,300 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the purchase, the chairman now owns 176,718 shares in the company, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 41,205 shares of company stock worth $2,136,700. Company insiders own 0.45% of the company’s stock.

Several hedge funds have recently modified their holdings of APC. Clean Yield Group bought a new stake in shares of Anadarko Petroleum Corporation during the first quarter worth approximately $105,000. Assetmark Inc. increased its stake in shares of Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after buying an additional 176 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock worth $126,000 after buying an additional 1,807 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after buying an additional 15 shares during the last quarter. Finally, Financial Architects Inc increased its stake in shares of Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock worth $142,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 84.70% 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.

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

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

Latest News

Leave a Reply