Apache Corp. (NYSE:APA) has earned an average recommendation of “Hold” from the thirty-one research firms that are covering the firm. Three investment analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $58.18.
Several equities research analysts have weighed in on the company. Morgan Stanley reiterated a “hold” rating and issued a $69.00 target price on shares of Apache Corp. in a report on Monday, September 26th. Mitsubishi UFJ Financial Group assumed coverage on Apache Corp. in a report on Monday, September 26th. They issued a “neutral” rating and a $64.00 target price for the company. KLR Group set a $73.00 target price on Apache Corp. and gave the stock a “buy” rating in a report on Wednesday, September 14th. Barclays PLC upped their target price on Apache Corp. from $50.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 13th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $67.00 target price on shares of Apache Corp. in a report on Monday, September 12th.
In related news, insider Rebecca A. Hoyt sold 3,356 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $60.94, for a total value of $204,514.64. Following the completion of the sale, the insider now owns 12,755 shares of the company’s stock, valued at $777,289.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. bought a new stake in Apache Corp. during the first quarter valued at approximately $107,000. Zions Bancorporation boosted its stake in Apache Corp. by 0.9% in the first quarter. Zions Bancorporation now owns 2,332 shares of the energy company’s stock valued at $115,000 after buying an additional 21 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Apache Corp. during the second quarter valued at approximately $117,000. Point72 Asia Hong Kong Ltd bought a new stake in Apache Corp. during the second quarter valued at approximately $117,000. Finally, Williams Jones & Associates LLC bought a new stake in Apache Corp. during the first quarter valued at approximately $120,000. 91.25% of the stock is owned by hedge funds and other institutional investors.
Apache Corp. (NYSE:APA) traded down 0.28% during midday trading on Monday, hitting $63.69. The company had a trading volume of 1,802,452 shares. Apache Corp. has a 52 week low of $32.20 and a 52 week high of $66.00. The stock’s market capitalization is $24.17 billion. The stock has a 50 day moving average price of $55.81 and a 200-day moving average price of $54.04.
Apache Corp. (NYSE:APA) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.09. Apache Corp. had a negative net margin of 261.91% and a negative return on equity of 4.16%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm earned $0.22 EPS. Apache Corp.’s revenue was down 38.5% compared to the same quarter last year. On average, equities analysts predict that Apache Corp. will post ($0.71) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. Apache Corp.’s dividend payout ratio (DPR) is presently -2.78%.
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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