Shares of Apache Co. (NYSE:APA) have been given an average rating of “Hold” by the twenty-two analysts that are covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $46.24.
A number of equities research analysts have recently commented on APA shares. Credit Suisse Group started coverage on Apache in a research note on Monday, December 11th. They issued a “neutral” rating and a $40.00 target price on the stock. BMO Capital Markets set a $45.00 target price on Apache and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Bank of America increased their target price on Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Scotiabank set a $49.00 target price on Apache and gave the stock a “hold” rating in a research note on Monday, November 13th. Finally, Stifel Nicolaus set a $42.00 target price on Apache and gave the stock a “hold” rating in a research note on Thursday, October 5th.
In related news, insider P Anthony Lannie sold 19,514 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $44.04, for a total transaction of $859,396.56. Following the sale, the insider now directly owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John E. Lowe acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average cost of $40.02 per share, for a total transaction of $120,060.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $600,300. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC lifted its holdings in Apache by 658.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock valued at $355,991,000 after acquiring an additional 6,447,400 shares during the period. Baillie Gifford & Co. lifted its holdings in Apache by 58.0% in the second quarter. Baillie Gifford & Co. now owns 12,429,930 shares of the energy company’s stock valued at $595,767,000 after acquiring an additional 4,561,430 shares during the period. Harris Associates L P lifted its holdings in Apache by 14.3% in the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock valued at $898,275,000 after acquiring an additional 2,343,985 shares during the period. Point72 Asset Management L.P. bought a new position in Apache in the third quarter valued at about $93,596,000. Finally, Orbis Allan Gray Ltd lifted its holdings in Apache by 11.5% in the second quarter. Orbis Allan Gray Ltd now owns 13,381,672 shares of the energy company’s stock valued at $641,384,000 after acquiring an additional 1,381,096 shares during the period. 94.56% of the stock is currently owned by institutional investors.
Shares of Apache (NYSE:APA) opened at $41.26 on Thursday. Apache has a 12 month low of $38.14 and a 12 month high of $67.42. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37.
Apache (NYSE:APA) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) earnings per share. research analysts anticipate that Apache will post 0.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. Apache’s dividend payout ratio (DPR) is presently 57.47%.
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Apache Company Profile
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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