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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

[PR Newswire] – HOUSTON, April 8, 2016 /PRNewswire/ — Anadarko Petroleum Corporation (APC) (“Anadarko”) announced today a tender offer to purchase for cash up to $1.0 billion in aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 6.375% Senior Notes due 2017 (the “Notes”). The tender offer is being made upon, and is subject to, the terms and conditions set forth in the Offer to Purchase, dated April 8, 2016 (the “Offer to Purchase”) and the related Letter of Transmittal. Read more on this. Anadarko Petroleum Corporation (APC) , valued at $24.76B, opened at $47.49. Today, shares have traded between $47.10 and $48.52 per share and has traded between $28.16 and $95.94 over the past 12 months. Anadarko Petroleum (APC) shares are currently priced at -13.58x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -0.48x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.20 per share annually in dividends, yielding 0.45%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $-1.12 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-3.37, which would be a $1.37 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.86 Billion. If realized, that would be a 19.83% decrease over the year-ago quarter. More recently, Stifel downgraded APC from Buy to Hold (Apr 6, 2016). Previously, Goldman upgraded APC from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $58.45, which is 23.08% above where the stock opened this morning. See more in (NYSE:APC) Similar Articles: Market Update (NYSE:APC): Anadarko Announces Closing Of $3.0 Billion Senior Notes Offering 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 Third-Quarter 2015 Results
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