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Risk-to-Price Commentary: Anadarko Petroleum Corp. May 11
Standard & Poors, May 2011
Abstract
Anadarko Petroleum Corp., which had struggled in the wake of the fallout from the Gulf of Mexico rig explosion in April 2010, reported a first-quarter profit that surpassed the Capital IQ consensus estimate on record sales volumes, increased cash flow, and improved margins. In after-hours trading Monday, the stock rose nearly 2%. Analysts polled by Capital IQ expected Anadarko to earn $0.56 per share on average. A year ago, the oil and gas producer reported earnings of $0.81. For 2011, analysts expect profit growth of 54% to $2.78 per share. The Valuation and Risk Strategies (VRS) research team did not recommend a bond issued by Anadarko over the past year as their potential compensation didn't outweigh what we viewed as...
Companies mentioned in this report are: EQT Corp.,Noble Energy Inc.,Apache Corp.,Southwestern Energy Co.,Ocean Energy Inc.,Anadarko Petroleum Corp.,Devon Energy Corp.,Union Pacific Resources Group Inc.,QEP Resources Inc.,Apache Finance Canada Corp.,EOG Resources Canada Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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