Shares of Apache Co. (NYSE:APA) reached a new 52-week low during trading on Wednesday after Citigroup lowered their price target on the stock from $46.00 to $40.00. Citigroup currently has a neutral rating on the stock. Apache traded as low as $34.32 and last traded at $34.23, with a volume of 5019544 shares. The stock had previously closed at $34.80.
A number of other research firms also recently commented on APA. Scotiabank set a $49.00 target price on Apache and gave the stock a “hold” rating in a research report on Monday, November 13th. Bank of America boosted their target price on Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, November 6th. Stifel Nicolaus set a $39.00 target price on Apache and gave the stock a “hold” rating in a research report on Friday, February 23rd. Royal Bank of Canada set a $51.00 price objective on Apache and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Morgan Stanley upped their price objective on Apache from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Nine analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Apache currently has a consensus rating of “Hold” and an average target price of $44.07.
In other Apache news, Director John E. Lowe bought 3,000 shares of Apache stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average cost of $40.02 per share, for a total transaction of $120,060.00. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $600,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.
The company has a market cap of $13,050.00, a PE ratio of 9.26, a price-to-earnings-growth ratio of 3.61 and a beta of 1.05. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.90.
Apache (NYSE:APA) last released its earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.12. Apache had a return on equity of 1.11% and a net margin of 20.32%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted ($0.06) earnings per share. sell-side analysts expect that Apache Co. will post 1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.92%. Apache’s dividend payout ratio is presently 27.03%.
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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.
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