|Bid||64.050 x 1200|
|Ask||64.060 x 1000|
|Day's Range||63.470 - 66.310|
|52 Week Range||39.960 - 76.700|
|PE Ratio (TTM)||80.92|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||1.00 (1.53%)|
|1y Target Est||86.06|
Robert K. Reeves to Retire in 2018 HOUSTON , Aug. 15, 2018 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced its board of directors has named Amanda M. McMillian Executive Vice ...
HOUSTON , Aug. 14, 2018 /PRNewswire/ -- The board of directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company's common stock of 25 cents per share, ...
The 170,000 signatures activists said they submitted appeared to surprise some investors and sent some stocks tumbling.
November elections in Colorado are going to be watched closely by its shale industry, with an initiative to more tightly regulate drilling looking likely to be on the ballot
Improved performance in the high-margin Front Runner, Clipper, Thunder Hawk and Kodiak Fields in the Gulf of Mexico drives Murphy Oil's (MUR) Q2 earnings.
The Zacks Analyst Blog Highlights: Anadarko Petroleum, Hess, Occidental Petroleum, Pioneer Natural Resources, Northern Oil and Gas and W&T Offshore
are down sharply Tuesday after a lawsuit tied to a year-old Colorado explosion was revived. As the macro environment for the oil markets remains benign, this is providing an entry opportunity for long-term investors in a world-class producer with strong cash flow and an attractive exploration upside. Anadarko stock traded down as much as 4% after the Denver Business Journal reported that a class-action lawsuit led by the Philadelphia-based Iron Workers Benefit and Pension Fund had been revived on grounds that Anadarko management had received safety warnings prior to a deadly explosion in Firestone, Colo., on April 17, 2017.
A lawsuit against Anadarko Petroleum Corp. has been revived to allege its executives falsely claimed the company operated its Colorado oil and gas wells safely despite management being told for months about conditions that made a 2017 fatal home explosion in Firestone unavoidable. The class action investor lawsuit, led by the Philadelphia-based Iron Workers Benefit and Pension Fund, was dismissed in June by federal Judge Lee Rosenthal, chief judge in the United States District Court for the Southern District of Texas, who said the lawsuit failed make specific-enough allegations. The plaintiffs refiled the complaint Aug. 3 with new specifics alleging Anadarko was publicly misleading about the company’s safety practices and compliance with Colorado rules in the months before and after the Firestone blast, which killed two men and injured a woman.
Moody's Investors Service (Moody's) assigned Ba1 ratings to Western Gas Partners, LP's (Western Gas) proposed offering of senior notes due 2028 and 2048. All existing ratings of Western Gas, including the Ba1 Corporate Family Rating (CFR), and the stable outlook are unchanged. The new senior notes have been rated Ba1, consistent with the ratings of Western Gas's existing senior notes.
The initiative, backed by oil and agriculture, aims to make governments pay for hurting property values.
As oil prices rose in the second quarter of 2018, one would expect shale companies to make a killing, but many of them didn’t benefit as much as expected because of stringent production hedges
Oil and gas producer EOG Resources Inc on Thursday reported sharply higher second-quarter profit, but missed Wall Street per-share estimates, earning $1.20 compared with analysts' expectations for $1.23. EOG grew its total crude production by 15 percent from a year ago to a company record of 384,600 barrels per day, pushing profit for the quarter to $696.7 million from $23.1 million a year earlier. The company said it was targeting 18 percent growth in its crude production for the year.
On August 1, the EIA (U.S. Energy Information Administration) released its oil inventory report. The EIA reported that US crude oil inventories increased by 3.8 MMbbls (million barrels) to 408.7 MMbbls on July 20–27. However, the inventories decreased 15.2% YoY (year-over-year). A Reuters survey estimated that US crude oil inventories could have fallen by 2.8 MMbbls on July 20–27.
The EIA (U.S. Energy Information Administration) estimates that the US crude oil output fell 1% to 10.9 MMbpd (million barrels per day) on July 20–27. The production dropped for the first time in nearly six months. However, the production increased 15.6% year-over-year. The US crude oil output hit a record high of 11 MMbpd in the week ending July 20.
Anadarko plans bigger investment elsewhere and says whether or not Colorado's drilling politics played a role.
The company now plans to spend $250 million more during 2018 than it projected at the end of the first quarter.
Anadarko Petroleum (APC) reported its second-quarter earnings on July 31 after the markets closed. Crude oil price realizations in the second quarter were $68.43 per barrel compared to $47.19 per barrel in the second quarter of 2017. Anadarko Petroleum reported adjusted EPS of $0.54 in the second quarter, narrowly beating analysts’ consensus EPS estimate of $0.52.
Devon Energy Corp (DVN.N) shares were down 2.7 percent at $43.78, Chesapeake Energy Corp (CHK.N) was down 6.6 percent at $4.41 and Anadarko Petroleum Corp (APC.N) was down 5.2 percent at $69.34 on Wednesday afternoon after they reported earnings per share below analyst expectations. U.S. shale production has surged in the last two years, buoying overall U.S. oil output to a record of about 11 million barrels per day. Oil producers use hedges as an insurance contract to lock in a future selling price for production.