Traders Sell Shares of Apache (APA) on Strength (APA)

Traders sold shares of Apache Co. (NYSE:APA) on strength during trading hours on Wednesday. $24.25 million flowed into the stock on the tick-up and $142.80 million flowed out of the stock on the tick-down, for a money net flow of $118.55 million out of the stock. Of all stocks tracked, Apache had the 0th highest net out-flow for the day. Apache traded up $0.19 for the day and closed at $38.19

Several research firms have weighed in on APA. Credit Suisse Group began coverage on Apache in a report on Monday, December 11th. They issued a “neutral” rating and a $40.00 target price on the stock. Stifel Nicolaus set a $41.00 target price on Apache and gave the company a “hold” rating in a report on Tuesday, January 30th. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 target price on shares of Apache in a report on Monday, March 5th. ValuEngine lowered Apache from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Jefferies Group set a $35.00 target price on Apache and gave the company a “sell” rating in a report on Wednesday, December 20th. Ten analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Apache presently has an average rating of “Hold” and a consensus target price of $41.07.

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The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.31. The company has a market cap of $14,567.49, a P/E ratio of 159.13, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Apache (NYSE:APA) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.12. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. Apache had a return on equity of 1.11% and a net margin of 20.32%. During the same quarter last year, the company earned ($0.06) earnings per share. research analysts predict that Apache Co. will post 1.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, April 20th. Apache’s payout ratio is currently 416.67%.

In related news, Director John E. Lowe acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $33.80 per share, with a total value of $84,500.00. Following the completion of the purchase, the director now directly owns 17,500 shares in the company, valued at $591,500. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.48% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Apache by 0.5% in the 4th quarter. BlackRock Inc. now owns 25,438,112 shares of the energy company’s stock worth $1,073,997,000 after buying an additional 116,095 shares during the last quarter. Orbis Allan Gray Ltd boosted its stake in Apache by 2.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 14,217,029 shares of the energy company’s stock worth $600,243,000 after buying an additional 382,624 shares during the last quarter. Geode Capital Management LLC boosted its stake in Apache by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 4,025,825 shares of the energy company’s stock worth $169,613,000 after buying an additional 120,764 shares during the last quarter. APG Asset Management N.V. boosted its stake in Apache by 19.9% in the 4th quarter. APG Asset Management N.V. now owns 3,394,463 shares of the energy company’s stock worth $119,349,000 after buying an additional 564,551 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Apache by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,014,831 shares of the energy company’s stock worth $127,285,000 after buying an additional 34,091 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

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Apache Company Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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