Media headlines about Apache Corporation (NYSE:APA) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apache Corporation earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the energy company an impact score of 47.5255377626803 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Apache Corporation to Release Third-Quarter 2017 Results Nov. 2 – GlobeNewswire (press release) (globenewswire.com)
- Hot Stock under Review: Apache Corporation (NYSE: APA) – Alpha Beta Stock (alphabetastock.com)
- Apache Corporation (APA) Stock to observe with 2.34% Dividend Yield – Voice Of Analysts (analystsbuzz.com)
- Apache Corp. provides update on Alpine High (worldoil.com)
Shares of Apache Corporation (NYSE:APA) opened at 41.53 on Friday. The firm’s 50-day moving average price is $42.91 and its 200 day moving average price is $46.31. The company’s market capitalization is $15.82 billion. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00.
Apache Corporation (NYSE:APA) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the business earned ($0.26) earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts predict that Apache Corporation will post $0.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s dividend payout ratio (DPR) is -4,997.50%.
Several brokerages have recently commented on APA. Scotiabank restated a “hold” rating and issued a $49.00 price objective on shares of Apache Corporation in a research report on Tuesday, October 10th. Royal Bank Of Canada restated a “hold” rating and issued a $55.00 price objective on shares of Apache Corporation in a research report on Thursday, July 20th. Sanford C. Bernstein restated an “outperform” rating on shares of Apache Corporation in a research report on Thursday, September 21st. Citigroup Inc. lowered their price objective on Apache Corporation from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 15th. Finally, BidaskClub downgraded Apache Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.88.
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In other news, Director George D. Lawrence purchased 900 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the acquisition, the director now directly owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John E. Lowe purchased 2,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $40.32 per share, with a total value of $80,640.00. Following the acquisition, the director now directly owns 12,000 shares in the company, valued at $483,840. The disclosure for this purchase can be found here. Insiders have bought a total of 5,500 shares of company stock valued at $235,094 in the last 90 days. Insiders own 0.48% 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.
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