Anadarko Petroleum Co.’s (NASDAQ:APC) Lock-Up Period Set To 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 public offering on February 12th. The total size of the offering was $199,999,998 based on an initial share price of $18.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APC. Weiss Ratings initiated coverage on shares of Anadarko Petroleum in a research note on Thursday, May 28th. They issued a “sell (e)” rating for the company. Zacks Research lowered Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Mizuho raised their price target on Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Anadarko Petroleum Stock Down 3.9%

Shares of NASDAQ:APC opened at $19.84 on Thursday. Anadarko Petroleum has a 12 month low of $17.00 and a 12 month high of $21.72. The company’s 50-day moving average price is $19.58 and its two-hundred day moving average price is $26.72. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.95. The firm has a market cap of $249.39 million, a P/E ratio of 46.14, a P/E/G ratio of 5.64 and a beta of 1.64.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings data on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. Anadarko Petroleum’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts forecast that Anadarko Petroleum will post 1.97 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.