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Company Update (NYSE:APC): Anadarko to Present at Upcoming Energy Conference

[PR Newswire] – HOUSTON, May 17, 2016 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) today announced that Bob Gwin, Anadarko Executive Vice President, Finance and CFO, will present at the 2016 UBS Global Oil … Read more on this. Anadarko Petroleum Corporation (APC) , with a current value of $25.39B, started trading this morning at $49.30. During the trading session, APC traded between $48.95 to $50.43 and has traded between $28.16 and $86.55 over the past year. APC shares are currently priced at -13.70x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 2.56x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 0.42%. According to a consensus of 30 analysts, the earnings estimate of $-0.96 per share would be $0.01 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-3.59, which would be a $1.59 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.84 Billion. If reported, that would be a 30.30% decrease over the year-ago quarter. More recently, Scotia Howard Weil downgraded APC from Focus Stock to Sector Outperform (May 16, 2016). Previously, Alembic Global Advisors downgraded APC from Overweight to Neutral. The average price target for APC shares is $60.60, which is 22.92% above where the stock opened this morning. See more in (NYSE:APC) Similar Articles: Stock Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko to Participate in Upcoming Energy Conference Company Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko Announces 2016 Capital Program And Guidance Market Update: Anadarko Petroleum Corporation (NYSE:APC) – Anadarko To Host Investor Conference Call on March 1
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