Apache (APA) Earning Somewhat Positive Press Coverage, Accern Reports

Press coverage about Apache (NYSE:APA) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apache earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the energy company an impact score of 47.4115344977261 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

A number of analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Apache in a report on Monday, December 11th. They set a “neutral” rating and a $40.00 target price for the company. Barclays lifted their target price on shares of Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, November 20th. Scotiabank reaffirmed a “hold” rating and set a $49.00 target price on shares of Apache in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Apache from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apache in a report on Thursday, September 21st. 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 stock. The stock has a consensus rating of “Hold” and an average target price of $45.94.

Shares of Apache (APA) traded up $1.16 during mid-day trading on Monday, hitting $47.16. Apache has a fifty-two week low of $38.14 and a fifty-two week high of $63.92. The stock has a market capitalization of $17,970.00, a PE ratio of 27.26, a P/E/G ratio of 9.03 and a beta of 1.05. 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 announced its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned ($0.03) EPS. The firm’s revenue was down 3.5% on a year-over-year basis. equities analysts predict that Apache will post 0.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s dividend payout ratio (DPR) is 57.80%.

In other news, Director John E. Lowe purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $40.02 per share, with a total value of $120,060.00. Following the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at $600,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider P Anthony Lannie sold 19,514 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Apache (NYSE:APA)

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