A Director at Anadarko Petroleum is Exercising Options


Today it was reported that a Director at Anadarko Petroleum (APC), John R. Gordon, exercised options to buy 3,400 APC shares at $45.19 a share, for a total transaction value of $153.6K. The options were close to expired and John R. Gordon retained stocks.

Following John R. Gordon’s last APC Buy transaction on May 12, 2017, the stock climbed by 22.7%. Following this transaction John R. Gordon’s holding in the company was increased by 1.81% to a total of $13.96 million.

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Based on Anadarko Petroleum’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.13 billion and GAAP net loss of $17 million. In comparison, last year the company earned revenue of $3.03 billion and had a net profit of $117 million. APC’s market cap is $35.73B and the company has a P/E ratio of 77.01. Currently, Anadarko Petroleum has an average volume of 8.27M.

Based on 24 analyst ratings, the analyst consensus is Hold with an average price target of $69.41, reflecting a -4.6% downside. Five different firms, including Citigroup and Guggenheim, currently also have a Buy rating on the stock.

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Anadarko Petroleum Corp. is an independent exploration and production company. It operates through the following segments: Exploration and Production; WES Midstream; and Other Midstream. The Exploration and Production segment explores and produces natural gas, crude oil, condensate, and natural gas liquids.

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