Shares of Apache Co. (NYSE:APA) have been given a consensus rating of “Hold” by the twenty-two research firms that are presently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $48.06.
APA has been the subject of a number of analyst reports. Scotiabank set a $50.00 price objective on shares of Apache and gave the stock a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets set a $45.00 price objective on shares of Apache and gave the stock a “hold” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of Apache from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Citigroup Inc. cut their price target on shares of Apache from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, August 15th. Finally, Royal Bank Of Canada set a $55.00 price target on shares of Apache and gave the company a “hold” rating in a report on Thursday, August 24th.
Apache (NYSE:APA) opened at $41.14 on Friday. Apache has a 1-year low of $38.14 and a 1-year high of $69.00. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.
Apache (NYSE:APA) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS. equities research analysts expect that Apache will post 0.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, October 20th. Apache’s dividend payout ratio is currently 57.47%.
A number of hedge funds have recently made changes to their positions in APA. Hotchkis & Wiley Capital Management LLC increased its position in 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 acquiring an additional 6,447,400 shares in the last quarter. Baillie Gifford & Co. increased its position in Apache by 58.0% in the 2nd 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 in the last quarter. Harris Associates L P increased its position in Apache by 14.3% in the 2nd 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 in the last quarter. Point72 Asset Management L.P. acquired a new stake in Apache in the 3rd quarter valued at about $93,596,000. Finally, Orbis Allan Gray Ltd increased its position in Apache by 11.5% in the 2nd 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 in the last quarter. 93.63% of the stock is owned by hedge funds and other institutional investors.
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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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