Capital One Financial Corporation Equities Analysts Reduce Earnings Estimates for Apache Corporation (APA)

Apache Corporation (NYSE:APA) – Analysts at Capital One Financial Corporation lowered their Q3 2017 EPS estimates for Apache Corporation in a note issued to investors on Tuesday. Capital One Financial Corporation analyst R. Tullis now anticipates that the energy company will earn $0.07 per share for the quarter, down from their prior estimate of $0.08. Capital One Financial Corporation also issued estimates for Apache Corporation’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.09 EPS and FY2018 earnings at $0.26 EPS.

A number of other analysts have also issued reports on the company. Barclays PLC lowered their target price on Apache Corporation from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Wednesday. BMO Capital Markets set a $45.00 target price on Apache Corporation and gave the company a “hold” rating in a report on Tuesday. Scotiabank reaffirmed a “hold” rating and issued a $49.00 target price on shares of Apache Corporation in a report on Tuesday. Zacks Investment Research lowered Apache Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Jefferies Group LLC reaffirmed an “underperform” rating and issued a $38.00 target price on shares of Apache Corporation in a report on Tuesday. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.06.

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Apache Corporation (NYSE APA) opened at 41.41 on Wednesday. Apache Corporation has a 12 month low of $38.14 and a 12 month high of $69.00. The firm’s market capitalization is $15.77 billion. The firm has a 50 day moving average price of $42.39 and a 200-day moving average price of $46.71.

Apache Corporation (NYSE:APA) last announced its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company earned ($0.26) earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. Apache Corporation’s dividend payout ratio is currently -4,997.50%.

In other news, Director John E. Lowe acquired 2,000 shares of Apache Corporation stock in a transaction on Thursday, August 17th. The stock was bought at an average price of $40.32 per share, for a total transaction of $80,640.00. Following the transaction, the director now owns 12,000 shares of the company’s stock, valued at $483,840. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director George D. Lawrence acquired 900 shares of Apache Corporation stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $42.49 per share, with a total value of $38,241.00. Following the transaction, the director now directly owns 38,445 shares in the company, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. Insiders acquired a total of 5,500 shares of company stock valued at $235,094 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Beese Fulmer Investment Management Inc. lifted its position in shares of Apache Corporation by 0.4% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 6,016 shares of the energy company’s stock worth $288,000 after acquiring an additional 23 shares during the period. Ray Gerald L & Associates Ltd. lifted its position in shares of Apache Corporation by 0.4% in the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock worth $618,000 after acquiring an additional 50 shares during the period. Tdam USA Inc. lifted its position in shares of Apache Corporation by 0.5% in the 2nd quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock worth $495,000 after acquiring an additional 55 shares during the period. Huntington National Bank lifted its position in shares of Apache Corporation by 1.1% in the 2nd quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock worth $261,000 after acquiring an additional 58 shares during the period. Finally, Fulton Bank N.A. lifted its position in shares of Apache Corporation by 0.6% in the 2nd quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock worth $494,000 after acquiring an additional 59 shares during the period. Institutional investors own 95.00% of the company’s stock.

About Apache Corporation

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

Earnings History and Estimates for Apache Corporation (NYSE:APA)

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