A number of other analysts have also issued reports on APA. Jefferies Group set a $35.00 price objective on shares of Apache and gave the stock a sell rating in a report on Tuesday, August 29th. JPMorgan Chase & Co. downgraded shares of Apache from a neutral rating to an underweight rating and decreased their price objective for the stock from $46.00 to $38.00 in a report on Thursday, September 14th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Apache in a report on Thursday, September 21st. Stifel Nicolaus set a $42.00 price objective on shares of Apache and gave the stock a hold rating in a report on Thursday, October 5th. Finally, Zacks Investment Research downgraded shares of Apache from a hold rating to a sell rating in a report on Tuesday, October 10th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $45.94.
Apache (APA) traded up $1.16 during midday trading on Wednesday, reaching $47.16. 3,724,500 shares of the company traded hands, compared to its average volume of 3,590,000. Apache has a 52-week low of $38.14 and a 52-week high of $64.13. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37. The stock has a market capitalization of $17,970.00, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 10.18 and a beta of 1.05.
Apache (NYSE:APA) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) earnings per share. sell-side analysts anticipate that Apache will post 0.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, January 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, January 19th. Apache’s dividend payout ratio (DPR) is presently 57.80%.
In other Apache news, Director John E. Lowe bought 3,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were bought at an average price of $40.02 per share, with a total value of $120,060.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $600,300. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $44.04, for a total value of $859,396.56. Following the transaction, the insider now directly owns 37,469 shares in the company, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in APA. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Apache by 658.0% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock valued at $355,991,000 after buying an additional 6,447,400 shares in the last quarter. Baillie Gifford & Co. boosted its position in Apache by 58.0% during the second quarter. Baillie Gifford & Co. now owns 12,429,930 shares of the energy company’s stock worth $595,767,000 after purchasing an additional 4,561,430 shares during the period. Harris Associates L P boosted its position in Apache by 14.3% during the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after purchasing an additional 2,343,985 shares during the period. Point72 Asset Management L.P. bought a new stake in Apache during the third quarter worth approximately $93,596,000. Finally, Orbis Allan Gray Ltd boosted its position in Apache by 11.5% during the second quarter. Orbis Allan Gray Ltd now owns 13,381,672 shares of the energy company’s stock worth $641,384,000 after purchasing an additional 1,381,096 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.
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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