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Anadarko Petroleum Corporation Add to portfolio

INX:APC, Apr 26, 04:29 UTC

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Anadarko Petroleum: 1Q Earnings Snapshot

APC

THE WOODLANDS, Texas (AP) _ Anadarko Petroleum Corp. (APC) on Thursday reported a first-quarter loss of $15 million, after reporting a profit in the same period a year earlier. On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 3 cents. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Anadarko Petroleum shares have climbed 64 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent.

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Anadarko Petroleum profit beats on higher sales volumes, lower costs

APC

Anadarko Petroleum profit beats on higher sales volumes, lower costs. (Reuters) - Anadarko Petroleum Corp, the target of a bidding war between Occidental Petroleum Corp and Chevron Corp, beat analysts' estimates for quarterly profit on Thursday, fueled by higher sales volume and lower costs. Occidental made a counterbid for Anadarko's vast shale holdings in the prolific Permian Basin of West Texas and New Mexico on Wednesday, offering $57 billion compared with Chevron's $50 billion bid, both including debt. If Anadarko's board accepts Occidental's offer, it may lead Chevron to raise its bid or the second-largest U.S. oil producer could walk away from the deal with a $1 billion breakup fee. Average sales volumes of oil, natural gas and natural gas liquids rose 11.2 percent to 715,000 barrels of oil equivalent per day (boe/d) in the first quarter, while total expenses fell 4.4 percent to $2.38 billion.

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Anadarko Announces 2019 First-Quarter Results

APC EURGBP +4 more APC EURGBP GBPJPY GBPCHF GBPUSD GBPUSD

HOUSTON, April 25, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (APC) today announced 2019 first‑quarter results, reporting a net loss attributable to common stockholders of $15 million, or $0.03 per share (diluted). FIRST-QUARTER 2019 HIGHLIGHTSAnadarko's first-quarter 2019 sales volume of oil, natural gas and natural gas liquids (NGLs) totaled 64 million barrels of oil equivalent (BOE), or an average of 715,000 BOE per day, which included 412,000 barrels of oil per day (BOPD). Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2018, the company had 1.47 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. Management uses adjusted net income (loss) to evaluate operating and financial performance and believes the measure is useful to investors because it eliminates the impact of certain noncash and/or other items that management does not consider to be indicative of the Company's performance from period to period.

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What Can the Quant Signals Tell Us About These Stocks? Celanese Corporation (NYSE:CE), Snap-on Incorporated (NYSE:SNA)

APC BK +1 more APC BK SNA

The book to market ratio has some limitations in certain industries however where intangible assets (such as knowledge) often are not represented on a balance sheet. There are plenty of indicators that have helped traders make winning trades. Because there are so many to choose from, beginning traders may want to start by focusing on a few different combinations to start with. The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. These inputs included a growing difference between net income and cash flow from operations, increasing receivable days, growing day’s sales of inventory, increasing other current assets, decrease in depreciation relative to gross property plant and equipment, and high total asset growth.

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Anadarko (NYSE:APC) gets downgraded to Hold by Johnson Rice

APC

There are 15 Hold Ratings, 10 Buy Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock. The current consensus rating on Anadarko (NYSE:APC) is Hold with a consensus target price of $70.3895 per share, a potential 2.32% downside. Some recent analyst ratings include. 4/25/2019-Anadarko (NYSE:APC) gets downgraded to Hold by Jefferies Financial Group with a price target of $79.00. On 5/17/2017 Peter J Fluor, Director, bought 20,000 with an average share price of $51.83 per share and the total transaction amounting to $1,036,600.00.

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Wednesday, April 24


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Occidental tries to outbid Chevron for Anadarko Petroleum

OXY CVX +1 more OXY CVX APC

NEW YORK – A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer that it says is about a 20% premium to Chevron’s deal announced earlier this month, a rare move not often seen in the U.S. oil industry. Houston-based Occidental Petroleum Corp. said the proposed combination would bolster its position in the Permian Basin in Texas and New Mexico, where it is already the largest oil producer. “We have been focused on Anadarko for several years because we have long believed that we are ideally positioned to generate compelling value from a combination with them,” Occidental President and CEO Vicki Hollub said in a statement. Occidental said in a letter to Anadarko’s board on Wednesday that its bid is worth $76 per share in cash and stock and would give Anadarko shareholders $38 in cash and 0.6094 shares of Occidental stock for each Anadarko share.

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Anadarko confirms Occidental's $57 billion bid

OXY APC

Anadarko confirms Occidental's $57 billion bid. ReutersApril 24, 2019, 6:02 PM GMT. (Reuters) - Oil and gas producer Anadarko Petroleum Corp on Wednesday confirmed Occidental Petroleum Corp's $57 billion (44 billion pounds) offer for the company that topped Chevron Corp's $50 billion bid and said it would carefully review the offer. Occidental's surprise $76-per-share proposal comes after the company had repeatedly said in recent weeks that it had been trying to woo Anadarko in an effort to become the largest producer of oil in west Texas's Permian basin, where production has boomed in recent years. What to read next.

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Chevron may have to sweeten offer for Anadarko after rival Occidental bid

OXY CVX +1 more OXY CVX APC

Energy giant Chevron may have to sweeten its $33 billion offer for Anadarko Petroleum after fellow driller Occidental Petroleum put a higher bid on the table, analysts say. Occidental is offering Anadarko shareholders $76 per share in cash and stock, in a deal valued at $57 billion first reported by CNBC. Several other analysts immediately questioned the wisdom of Occidental entering a bidding war with Chevron, and most see the latter emerging as the winner. But that does not mean Chevron won't have to pay up to claim its prize. Molchanov sees Chevron ultimately taking control of Anadarko, but he says that outcome "suggests that Chevron will try to match or even top Occidental's bid." However, he cautioned that the situation is very fluid, and any prediction is essentially a guess at this point.

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Anadarko Petroleum Stock Is Soaring Today After Occidental Goes Hostile

OXY CVX +1 more OXY CVX APC

Anadarko Petroleum Stock Is Soaring Today After Occidental Goes Hostile. Shares of Anadarko Petroleum (NYSE: APC) surged more than 11% by 9:45 a.m. EDT on Wednesday after rival Occidental Petroleum(NYSE: OXY) took its offer to acquire the oil company public. The company made public a letter to Anadarko's board, which stated that it had presented three acquisition proposals to the company since late March, each one superior to Chevron's $65-per-share transaction. Occidental not only believes it's offering Anadarko a superior value but that the combination makes more compelling strategic and financial sense. For starters, Occidental thinks it can extract more value out of Anadarko's position in the Permian due to its best-in-class operations.

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Occidental tries to outbid Chevron for Anadarko Petroleum

OXY CVX +1 more OXY CVX APC

This combo of file photos shows the logo for Anadarko Petroleum Corp. on the floor of the New York Stock Exchange on April 12, 2019, left, and a logo on the Occidental Petroleum building in Los Angeles on Jan. 26, 2010. A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer that it says is about a 20% premium to Chevron's deal announced earlier this month, a rare move not often seen in the U.S. oil industry. Houston-based Occidental Petroleum Corp. said the proposed combination would bolster its position in the Permian Basin in Texas and New Mexico, where it is already the largest oil producer. "We have been focused on Anadarko for several years because we have long believed that we are ideally positioned to generate compelling value from a combination with them," Occidental President and CEO Vicki Hollub said in a statement.

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