Anadarko Petroleum Co.’s (NASDAQ:APC) Lock-Up Period Will End on August 11th

Anadarko Petroleum’s (NASDAQ:APC) lock-up period will end on Tuesday, August 11th. Anadarko Petroleum had issued 11,111,111 shares in its initial public offering on February 12th. The total size of the offering was $199,999,998 based on an initial share price of $18.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APC shares. Mizuho boosted their price objective on shares of Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Zacks Research cut Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Weiss Ratings began coverage on Anadarko Petroleum in a research report on Thursday, May 28th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Anadarko Petroleum Price Performance

Anadarko Petroleum stock opened at $19.44 on Friday. The company has a market cap of $244.36 million and a price-to-earnings ratio of 45.21. The firm’s fifty day moving average is $19.60 and its 200 day moving average is $26.30. The company has a quick ratio of 0.92, a current ratio of 1.05 and a debt-to-equity ratio of 1.13. Anadarko Petroleum has a 52-week low of $17.00 and a 52-week high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last issued its quarterly earnings data on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The business had revenue of $1.84 billion during the quarter. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. Sell-side analysts forecast that Anadarko Petroleum will post 1.33 EPS for the current fiscal year.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.