“Monsanto shares offer an attractive risk/reward proposition in our opinion. We think a reasonable floor price for the shares, in the event of a disruption of the Bayer/Monsanto combination, is $100/sh or 20x our $5.00 estimate for F2018 EPS. Should Bayer’s purchase of Monsanto be consummated, Monsanto shareholders would receive $128/share, most likely by the end of 2017. We believe that Monsanto’s product overlaps with Bayer are modest, manageable, and are unlikely to stand in the way of the transaction. Importantly, we think that the business combination is likely to lead to more agricultural innovation rather than less. Monsanto continues to increase its share of the global corn and soybean markets by demonstrating technology strength.”,” JPMorgan Chase & Co.’s analyst commented.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Anadarko Petroleum Corp. from a buy rating to a hold rating in a report on Wednesday, August 10th. Iberia Capital restated a buy rating on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. BMO Capital Markets restated a hold rating and issued a $55.00 price target on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. Credit Suisse Group AG upped their price target on shares of Anadarko Petroleum Corp. to $68.00 and gave the company a neutral rating in a research note on Thursday, July 28th. Finally, Vetr upgraded shares of Anadarko Petroleum Corp. from a sell rating to a hold rating and set a $54.67 price target on the stock in a research note on Monday, June 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $68.69.
Anadarko Petroleum Corp. (NYSE:APC) traded down 1.104% during midday trading on Thursday, reaching $63.145. 878,998 shares of the company’s stock traded hands. The stock has a 50-day moving average of $58.12 and a 200 day moving average of $53.14. The company’s market cap is $32.23 billion. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $73.87.
Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings data on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s quarterly revenue was down 27.4% on a year-over-year basis. On average, analysts anticipate that Anadarko Petroleum Corp. will post ($2.71) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were issued a $0.05 dividend. The ex-dividend date was Monday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.31%. Anadarko Petroleum Corp.’s dividend payout ratio is currently -1.95%.
Institutional investors have recently modified their holdings of the company. Dodge & Cox raised its stake in shares of Anadarko Petroleum Corp. by 109,259.7% in the second quarter. Dodge & Cox now owns 9,212,463 shares of the oil and gas development company’s stock worth $490,564,000 after buying an additional 9,204,039 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Anadarko Petroleum Corp. by 61.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 6,976,714 shares of the oil and gas development company’s stock worth $324,906,000 after buying an additional 2,654,700 shares during the period. Carmignac Gestion raised its stake in shares of Anadarko Petroleum Corp. by 12.0% in the second quarter. Carmignac Gestion now owns 13,619,742 shares of the oil and gas development company’s stock worth $725,251,000 after buying an additional 1,458,674 shares during the period. Bessemer Group Inc. raised its stake in shares of Anadarko Petroleum Corp. by 63,117.7% in the second quarter. Bessemer Group Inc. now owns 1,063,322 shares of the oil and gas development company’s stock worth $56,622,000 after buying an additional 1,061,640 shares during the period. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Anadarko Petroleum Corp. during the second quarter worth about $50,924,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Anadarko Petroleum Corp. Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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