Anadarko Petroleum Co.’s (NASDAQ:APC) Lock-Up Period Set To End Tomorrow

Anadarko Petroleum’s (NASDAQ:APC) lock-up period will expire on Tuesday, August 11th. Anadarko Petroleum had issued 11,111,111 shares in its IPO 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 company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

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

Anadarko Petroleum Price Performance

NASDAQ:APC opened at $19.44 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. The firm’s 50-day moving average price is $19.60 and its 200-day moving average price is $25.97. The company has a market capitalization of $244.36 million and a PE ratio of 45.21. Anadarko Petroleum has a 1-year low of $17.00 and a 1-year high of $21.72.

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

About Anadarko Petroleum

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.