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Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces Pricing Of $3.0 Billion Of Senior Notes

[PR Newswire] – HOUSTON, March 14, 2016 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) today announced it has priced its registered public offering of $3.0 billion aggregate principal amount of senior notes … Read more on this. Anadarko Petroleum Corporation (APC) , with a current value of $23.55B, started the session at $45.25. Shares have traded today between $45.05 and $47.15 per share with its 52-week range being $28.16 to $95.94. Priced at -14.33x this year’s forecasted earnings, APC shares are relatively inexpensive compared to the industry’s 1.12x forward p/e ratio. The company pays shareholders $0.20 per share in dividend income per year, for a current yield of 0.43%. According to a consensus of 27 analysts, the earnings estimate of $-1.07 per share would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. What we find to be interesting is that the full-year EPS estimate of $-3.23 is a $1.23 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.86 Billion. If reported, that would be a 19.83% decrease over the year-ago quarter. More recently, Goldman upgraded APC from Neutral to Buy (Mar 11, 2016). Previously, Citigroup upgraded APC from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $57.90, which is 27.96% above where the stock opened this morning. See more in (NYSE:APC) Similar Articles: Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces 2016 Capital Program And Guidance 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
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