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Market Update (NYSE:APC): Anadarko Announces Closing Of $3.0 Billion Senior Notes Offering

[PR Newswire] – HOUSTON, March 17, 2016 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) today announced it has closed its registered public offering of $3.0 billion aggregate principal amount of senior notes … Read more on this. Anadarko Petroleum Corporation (APC) , currently valued at $25.05B, began trading this morning at $49.51. During the trading session, APC traded between $48.96 to $50.39 and has traded between $28.16 and $95.94 over the past year. APC shares are currently priced at -15.03x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 1.12x earnings multiple for the same period. And for income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 0.43%. According to a consensus of 27 analysts, the earnings estimate of $-1.08 per share would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-3.24, which would be a $1.24 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.85 Billion. If reported, that would be a 20.26% decrease over the year-ago quarter. In terms of ratings, Goldman upgraded APC from Neutral to Buy (Mar 11, 2016). Previously, Citigroup upgraded APC from Neutral to Buy. The average price target for APC shares by the analysts covering the stock is $58.06, which is 17.27% above where the stock opened this morning. See more in (NYSE:APC) Similar Articles: Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces Pricing Of $3.0 Billion Of Senior Notes Stock Update (NYSE:APC): Anadarko Announces Monetizations Totaling Approximately $1.3 Billion Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces Third-Quarter 2015 Results
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