Apache Corp. (NYSE:APA) insider Rebecca A. Hoyt sold 3,356 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $60.94, for a total value of $204,514.64. Following the sale, the insider now directly owns 12,755 shares of the company’s stock, valued at $777,289.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Apache Corp. (NYSE:APA) opened at 60.02 on Friday. Apache Corp. has a 52-week low of $32.20 and a 52-week high of $62.19. The company’s market cap is $22.77 billion. The firm’s 50-day moving average price is $54.05 and its 200 day moving average price is $53.51.
Apache Corp. (NYSE:APA) last announced its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.09. The firm earned $1.38 billion during the quarter, compared to analyst estimates of $1.31 billion. Apache Corp. had a negative net margin of 261.91% and a negative return on equity of 4.16%. The company’s revenue was down 38.5% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. On average, equities analysts predict that Apache Corp. will post ($0.69) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Friday, October 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. Apache Corp.’s payout ratio is -2.78%.
A number of analysts have recently commented on APA shares. Barclays PLC upped their price target on Apache Corp. from $50.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 13th. Atlantic Securities raised Apache Corp. from a “neutral” rating to an “overweight” rating and upped their price target for the company from $41.00 to $70.00 in a research note on Monday, September 12th. Deutsche Bank AG upped their price target on Apache Corp. from $53.00 to $57.00 and gave the company a “hold” rating in a research note on Thursday, September 8th. Vetr cut Apache Corp. from a “hold” rating to a “sell” rating and set a $51.00 price target for the company. in a research note on Monday, August 22nd. Finally, Raymond James Financial Inc. upped their price target on Apache Corp. from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, September 8th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $57.44.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. bought a new position in shares of Apache Corp. during the first quarter valued at about $107,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Apache Corp. by 19.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 19,393 shares of the energy company’s stock valued at $947,000 after buying an additional 3,101 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in shares of Apache Corp. by 4.9% in the first quarter. BlackRock Japan Co. Ltd now owns 602,530 shares of the energy company’s stock valued at $29,409,000 after buying an additional 27,891 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Apache Corp. by 0.3% in the first quarter. BlackRock Fund Advisors now owns 5,132,368 shares of the energy company’s stock valued at $250,511,000 after buying an additional 13,486 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Apache Corp. by 7.4% in the first quarter. BlackRock Group LTD now owns 4,036,362 shares of the energy company’s stock valued at $197,015,000 after buying an additional 279,015 shares during the last quarter. 91.25% of the stock is currently owned by institutional investors.
Apache Corp. Company Profile
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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