Apache Corporation (NYSE:APA) had its target price increased by Barclays PLC from $26.00 to $30.00 in a research report report published on Monday morning. The brokerage currently has an underweight rating on the energy company’s stock.
Several other brokerages also recently commented on APA. Morgan Stanley upped their target price on shares of Apache Corporation from $45.00 to $46.00 and gave the company an equal weight rating in a research note on Wednesday, October 18th. Scotiabank set a $49.00 price objective on shares of Apache Corporation and gave the stock a hold rating in a research report on Monday, November 13th. Bank of America Corporation increased their price objective on shares of Apache Corporation from $41.00 to $42.00 and gave the stock an underperform rating in a research report on Monday, November 6th. BMO Capital Markets set a $45.00 price objective on shares of Apache Corporation and gave the stock a hold rating in a research report on Tuesday, October 10th. Finally, J P Morgan Chase & Co downgraded shares of Apache Corporation from a neutral rating to an underweight rating and lowered their price objective for the stock from $46.00 to $38.00 in a research report on Thursday, September 14th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $48.06.
Shares of Apache Corporation (APA) traded down $0.11 during trading hours on Monday, reaching $41.07. 2,707,300 shares of the company’s stock traded hands, compared to its average volume of 3,646,363. Apache Corporation has a 1 year low of $38.14 and a 1 year high of $69.00. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95.
Apache Corporation (NYSE:APA) last issued its earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Apache Corporation had a net margin of 10.60% and a negative return on equity of 0.70%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. research analysts anticipate that Apache Corporation will post -0.01 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s dividend payout ratio is presently 57.47%.
Several hedge funds and other institutional investors have recently bought and sold shares of APA. Hanson McClain Inc. acquired a new stake in shares of Apache Corporation during the 2nd quarter worth about $106,000. Valeo Financial Advisors LLC acquired a new stake in shares of Apache Corporation during the 3rd quarter worth about $135,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Apache Corporation during the 2nd quarter worth about $142,000. Gs Investments Inc. acquired a new stake in shares of Apache Corporation during the 2nd quarter worth about $149,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Apache Corporation by 410.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,635 shares of the energy company’s stock worth $174,000 after buying an additional 2,923 shares during the last quarter. Institutional investors own 93.63% of the company’s stock.
Apache Corporation 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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