Brokerages Set Apache Co. (APA) Price Target at $41.90

Share on StockTwits

Apache Co. (NYSE:APA) has received a consensus recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $41.90.

A number of research firms have issued reports on APA. Zacks Investment Research cut Apache from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Citigroup boosted their price target on Apache from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. ValuEngine lowered Apache from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Credit Suisse Group boosted their price target on Apache from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. Finally, Raymond James set a $44.00 price target on Apache and gave the company a “buy” rating in a report on Wednesday, January 23rd.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Paragon Capital Management LLC raised its holdings in Apache by 18.8% during the first quarter. Paragon Capital Management LLC now owns 107,165 shares of the energy company’s stock worth $3,714,000 after acquiring an additional 16,970 shares in the last quarter. Norway Savings Bank raised its holdings in Apache by 50.8% during the first quarter. Norway Savings Bank now owns 16,054 shares of the energy company’s stock worth $557,000 after acquiring an additional 5,410 shares in the last quarter. Cribstone Capital Management LLC raised its holdings in Apache by 261.3% during the first quarter. Cribstone Capital Management LLC now owns 1,355 shares of the energy company’s stock worth $47,000 after acquiring an additional 980 shares in the last quarter. Foundation Resource Management Inc. raised its holdings in Apache by 23.3% during the first quarter. Foundation Resource Management Inc. now owns 28,984 shares of the energy company’s stock worth $1,005,000 after acquiring an additional 5,485 shares in the last quarter. Finally, Webster Bank N. A. raised its holdings in Apache by 6.3% during the first quarter. Webster Bank N. A. now owns 16,545 shares of the energy company’s stock worth $573,000 after acquiring an additional 977 shares in the last quarter. Institutional investors and hedge funds own 99.80% of the company’s stock.

NYSE:APA traded down $0.55 on Wednesday, reaching $35.95. The company’s stock had a trading volume of 3,315,654 shares, compared to its average volume of 4,357,601. Apache has a 1-year low of $24.56 and a 1-year high of $50.03. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 0.91. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 6.14 and a beta of 1.76.

Apache (NYSE:APA) last posted its earnings results on Wednesday, February 27th. The energy company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. Apache had a return on equity of 7.62% and a net margin of 0.54%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Apache will post 0.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.00 annualized dividend and a yield of 2.78%. Apache’s payout ratio is presently 56.50%.

About Apache

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.

Read More: The role of implied volatility with call option volume

Analyst Recommendations for Apache (NYSE:APA)

Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Maximine Coin Achieves Market Cap of $74.16 Million
Maximine Coin Achieves Market Cap of $74.16 Million
Apex Market Cap Reaches $4.44 Million
Apex Market Cap Reaches $4.44 Million
SiaCashCoin  Price Reaches $0.0001
SiaCashCoin Price Reaches $0.0001
OP Coin  Price Reaches $0.0000
OP Coin Price Reaches $0.0000
ICE ROCK MINING Price Reaches $0.22
ICE ROCK MINING Price Reaches $0.22
BitCoin One Market Capitalization Tops $24,779.00
BitCoin One Market Capitalization Tops $24,779.00


© 2006-2019 Ticker Report