Forecasting Anadarko Petroleum's Stock Price for Next Week

Forecasting Anadarko Petroleum’s Stock Price for Week

In case of Revenue Estimates, 10 analysts have provided their consensus Average Revenue Estimates for Anadarko Petroleum Corporation as 2.87 Billion. The Stock opened its session at $68.86 and closed at $68.14 by showing decrease of -1.73 percent.

01/20/2017 - Anadarko Petroleum Corporation was downgraded to "neutral" by analysts at Mistubishi UFJ.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. It trades at an average volume of 4.25M shares versus 5.56M shares recorded at the end of last trading session. Mizuho Trust & Banking Co. One quarter earlier, revenue for the stock was at $1.89 billion, with earnings at $-0.89/share.

The stock is now trading at a distance of -2.88% from SMA-20. Global X Management Co. ELCO Management Co. LLC purchased a new position in Anadarko Petroleum Corporation during the third quarter worth about $3,349,000.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. The company has a market cap of $37.24B and now has 551.49M shares outstanding. Anadarko Petroleum Corporation has a 12-month low of $33.85 and a 12-month high of $73.33. The company's 50-day moving average price is $68.79 and its 200 day moving average price is $60.24.

Among analysts who offered their Analysis on Anadarko Petroleum Corporation (NYSE:APC)-12 analysts issued Strong buy for the stock, 18 analysts have given a Buy rating, 6 think it's a HOLD, 2 reported it as Underperform, while 0 analyst issued a Sell rating.

Earnings surprise history: Last quarter, the company posted approximately $2.39 billion in revenue and EPS of $-0.50. The company earned $2.39 billion during the quarter, compared to the consensus estimate of $2.32 billion. Anadarko Petroleum Corporation had a negative return on equity of 10.57% and a negative net margin of 39.03%. The firm's revenue for the quarter was up 16.3% compared to the same quarter a year ago. The company reported its last quarter on Dec 16.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, March 6th. LLC increased its stake in shares of Anadarko Petroleum Corporation by 182.7% in the third quarter. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark laws. The stock presently has a consensus rating of "Buy" and a consensus price target of $75.93. Guggenheim upgraded shares of Anadarko Petroleum Corporation from a "neutral" rating to a "buy" rating and set a $80.00 price objective on the stock in a research report on Friday, November 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. RBC Capital Markets' price objective would indicate a potential upside of 12.91% from the stock's previous close.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company.

Related news: