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Stock Update (NYSE:APC): Anadarko Announces Monetizations Totaling Approximately $1.3 Billion

[PR Newswire] – HOUSTON, Feb. 24, 2016 /PRNewswire/ — Anadarko Petroleum Corporation (APC) today announced it has closed or signed agreements to monetize approximately $1.3 billion of assets since the beginning of the year. The monetizations include the forward sale of future royalty income from its natural soda ash interest, the divestiture of its East Chalk asset, and the sale of its interest in the Maverick Basin gathering system. “These monetizations continue our track record of actively managing our portfolio,” said Anadarko Chairman, President and CEO Al Walker. Read more on this. Anadarko Petroleum Corporation (APC) , with a current value of $18.41B, started trading this morning at $34.40. Today, shares have traded between $33.85 and $36.37 per share with the price of the stock fluctuating between $28.16 to $95.94 over the last 52 weeks. APC shares are currently priced at -12.39x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 16.91x forward p/e ratio. The company pays shareholders $0.20 per share annually in dividends, yielding 0.57%. According to a consensus of 28 analysts, the earnings estimate of $-1.01 per share would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-2.85, which would be a $0.85 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.82 Billion. If realized, that would be a 21.55% decrease over the year-ago quarter. Recently, Citigroup upgraded APC from Neutral to Buy (Jan 5, 2016). Previously, Scotia Howard Weil upgraded APC from Sector Outperform to Focus Stock. With the above information in mind, readers should note that the average price target is $57.77, which is 67.94% above where the stock opened this morning. See more in (NYSE:APC) Similar Articles: Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces Third-Quarter 2015 Results Market Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces New Board Member and Promotion of Amanda McMillian Stock Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko to Present at Upcoming Energy Event
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