Apache Corporation (NYSE:APA) issued its quarterly earnings data on Thursday, November 2nd. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.05) by C$0.09, Bloomberg Earnings reports. The business had revenue of C$1.39 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS.
Apache Corporation (NYSE APA) opened at C$43.69 on Monday. Apache Corporation has a twelve month low of C$38.14 and a twelve month high of C$69.00. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.
The firm also recently declared 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 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s dividend payout ratio is presently 57.47%.
A number of equities analysts recently weighed in on APA shares. Wolfe Research cut Apache Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Cowen and Company set a $50.00 target price on Apache Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada reissued a “hold” rating and set a $55.00 target price on shares of Apache Corporation in a report on Thursday, July 20th. Citigroup Inc. reduced their target price on Apache Corporation from $58.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $48.00 price target (down from $55.00) on shares of Apache Corporation in a research report on Saturday, July 22nd. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$47.82.
In other news, Director John E. Lowe acquired 2,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were bought at an average price of C$40.32 per share, with a total value of C$80,640.00. Following the completion of the acquisition, the director now owns 12,000 shares in the company, valued at approximately C$483,840. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.48% of the company’s stock.
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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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