Market Update (NYSE:APC): Anadarko Announces First-Quarter 2016 Results

[PR Newswire] – HOUSTON , May 2, 2016 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the first quarter of 2016, including a net loss attributable to … Read more on this. Anadarko Petroleum Corporation (APC) , valued at $26.81B, started trading this morning at $52.62. Looking at today’s trading action, the company’s one day range from $50.90 to $52.70 and has traded between $28.16 and $95.75 over the past 12 months. Anadarko Petroleum (APC) shares are currently priced at -14.74x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 3.39x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.20 per share annually in dividends, yielding 0.38%. According to a consensus of 31 analysts, the earnings estimate of $-1.16 per share would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-3.58 which would be a $1.58 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.81 Billion. If realized, that would be a 21.98% decrease over the year-ago quarter. Recently, JP Morgan upgraded APC from Neutral to Overweight (Apr 15, 2016). Previously, Stifel downgraded APC from Buy to Hold. The average price target for APC shares by the analysts covering it is $58.60, which is 11.36% above where the stock opened. See more in (NYSE:APC) Similar Articles: Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces Tender Offer For Up To $1.0 Billion Of Its 6.375% Senior Notes Due 2017 Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces Pricing Of $3.0 Billion Of Senior Notes Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces 2016 Capital Program And Guidance