Key Points
- Blackstone Holdings L.P. sold 25,000 shares of Anadarko Petroleum at $19.00 per share, totaling $475,000, reducing its stake by 16.67% to 125,000 shares.
- Anadarko reported quarterly EPS of $0.20, matching analyst expectations, on revenue of $1.34 billion; revenue was slightly down year over year and the company posted a negative net margin.
- Wall Street sentiment remains constructive, with several firms issuing Buy or Overweight ratings and a consensus price target of $21.60.
Anadarko Petroleum Co. (NASDAQ:APC - Get Free Report) major shareholder Holdings L.P. Blackstone sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $19.00, for a total transaction of $475,000.00. Following the completion of the transaction, the insider owned 125,000 shares of the company's stock, valued at $2,375,000. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Anadarko Petroleum Price Performance
APC stock opened at $21.55 on Wednesday. The firm has a 50 day moving average of $18.56 and a 200-day moving average of $49.48. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. Anadarko Petroleum Co. has a 12 month low of $17.00 and a 12 month high of $21.72. The firm has a market capitalization of $270.88 million, a P/E ratio of 93.70, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64.
Anadarko Petroleum (NASDAQ:APC - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The oil and gas development company reported $0.20 EPS for the quarter, meeting analysts' consensus estimates of $0.20. The company had revenue of $1.34 billion during the quarter. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The business's quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that Anadarko Petroleum Co. will post 1.97 earnings per share for the current fiscal year.
Anadarko Petroleum Announces Dividend
The business also recently announced a dividend, which was paid on Tuesday, April 21st. Investors of record on Friday, April 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. Anadarko Petroleum's dividend payout ratio (DPR) is currently 452.17%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on APC. UBS Group began coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued a "buy" rating and a $22.00 target price on the stock. Capital One Financial initiated coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued an "overweight" rating and a $21.00 target price on the stock. Raymond James Financial initiated coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They set a "strong-buy" rating and a $23.00 price target on the stock. Zacks Research raised shares of Anadarko Petroleum to a "hold" rating in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus initiated coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They set a "buy" rating and a $22.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Anadarko Petroleum presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.
Read Our Latest Analysis on Anadarko Petroleum
Anadarko Petroleum Company Profile
(
Get Free Report)
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.
Further Reading
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