Anadarko Petroleum Second Quarter Earnings Preview

S&P 500 (NYSE:SPY) component Anadarko Petroleum Corporation (NYSE:APC) will unveil its latest earnings on Monday, July 25, 2011. Anadarko Petroleum Corp. is engaged in the exploration and production of oil and natural gas. Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List>>

Anadarko Petroleum Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 90 cents per share, a rise of 83.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 69 cents. Between one and three months ago, the average estimate moved up, and has risen from 88 cents during the last month. For the year, analysts are projecting profit of $3.33 per share, a rise of 84% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 73 cents per share against a mean estimate of profit of 57 cents, and the quarter before, the company exceeded forecasts by 9 cents with net income of 29 cents versus a mean estimate of profit of 20 cents.

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Wall St. Revenue Expectations: On average, analysts predict $3.47 billion in revenue this quarter, a rise of 33.5% from the year ago quarter. Analysts are forecasting total revenue of $13.55 billion for the year, a rise of 23.4% from last year’s revenue of $10.98 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and nine rating it as a hold.

Key Stats:

Over the last four quarters, revenue has increased 16.7% on average year over year. The biggest increase came in the second quarter of the last fiscal year, when revenue rose 48.5% from the year earlier quarter.

Competitors to Watch: Chevron Corporation (NYSE:CVX), Devon Energy Corporation (NYSE:DVN), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Exxon Mobil Corporation (NYSE:XOM), Chesapeake Energy Corp. (NYSE:CHK), Newfield Exploration Co. (NYSE:NFX), EOG Resources, Inc. (NYSE:EOG), Plains Exploration & Production Co. (NYSE:PXP), and Marathon Oil Corporation (NYSE:MRO).

Stock Price Performance: During June 20, 2011 to July 19, 2011, the stock price had risen $12.68 (18.2%) from $69.65 to $82.33. The stock price saw one of its best stretches over the last year between December 22, 2010 and January 3, 2011 when shares rose for eight-straight days, rising 13.1% (+$8.86) over that span. It saw one of its worst periods between May 10, 2011 and May 17, 2011 when shares fell for six-straight days, falling 5.9% (-$4.58) over that span. Shares are up $6.34 (+8.3%) year to date.

(Source: Xignite Financials)

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