Shares of Apache Co. (NYSE:APA) have received a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the firm. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $62.06.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Apache from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th. Howard Weil lowered Apache from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $70.00 to $71.00 in a research report on Thursday, December 15th. Royal Bank of Canada reiterated a “hold” rating and issued a $66.00 price objective on shares of Apache in a research report on Wednesday, January 4th. Scotiabank set a $66.00 price objective on Apache and gave the company a “hold” rating in a research report on Saturday, February 25th. Finally, Macquarie lowered Apache from a “neutral” rating to an “underperform” rating and set a $51.00 price objective on the stock. in a research report on Thursday, February 2nd.
Hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. raised its position in Apache by 2.3% in the third quarter. American International Group Inc. now owns 159,888 shares of the energy company’s stock valued at $10,212,000 after buying an additional 3,615 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in Apache during the third quarter valued at $1,163,000. Great West Life Assurance Co. Can raised its position in Apache by 3.2% in the third quarter. Great West Life Assurance Co. Can now owns 343,843 shares of the energy company’s stock valued at $21,940,000 after buying an additional 10,718 shares in the last quarter. Trillium Asset Management LLC raised its position in Apache by 9.3% in the third quarter. Trillium Asset Management LLC now owns 152,387 shares of the energy company’s stock valued at $9,733,000 after buying an additional 12,914 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in Apache during the third quarter valued at $8,157,000. Hedge funds and other institutional investors own 93.38% of the company’s stock.
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Apache (NYSE:APA) opened at 50.93 on Thursday. The company’s 50-day moving average price is $54.59 and its 200 day moving average price is $59.94. The firm’s market capitalization is $19.34 billion. Apache has a 52-week low of $46.15 and a 52-week high of $69.00.
Apache (NYSE:APA) last released its quarterly earnings results on Thursday, February 23rd. The energy company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.13. Apache had a negative net margin of 166.56% and a negative return on equity of 4.70%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts predict that Apache will post $1.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Stockholders of record on Friday, April 21st will be given a $0.25 dividend. The ex-dividend date is Wednesday, April 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.96%. Apache’s dividend payout ratio is currently -4.42%.
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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