Shares of Apache Co. (NYSE:APA) have earned an average recommendation of “Hold” from the twenty-one research firms that are presently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.13.
Several research analysts have weighed in on the stock. Stifel Nicolaus set a $46.00 price objective on shares of Apache and gave the stock a “hold” rating in a report on Monday. Royal Bank of Canada set a $48.00 price objective on shares of Apache and gave the stock a “hold” rating in a report on Friday, April 13th. Jefferies Group set a $32.00 price objective on shares of Apache and gave the stock a “sell” rating in a report on Monday, March 19th. BMO Capital Markets reissued a “hold” rating and set a $35.00 price objective on shares of Apache in a report on Tuesday, February 27th. Finally, Citigroup decreased their price objective on shares of Apache from $46.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th.
In other news, Director John E. Lowe acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average cost of $33.80 per share, for a total transaction of $84,500.00. Following the transaction, the director now directly owns 17,500 shares in the company, valued at approximately $591,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.59% of the company’s stock.
Large investors have recently modified their holdings of the stock. Kornitzer Capital Management Inc. KS lifted its position in Apache by 28.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 672,680 shares of the energy company’s stock valued at $28,401,000 after purchasing an additional 149,955 shares during the last quarter. Greylin Investment Mangement Inc. raised its position in shares of Apache by 87.0% during the 4th quarter. Greylin Investment Mangement Inc. now owns 60,455 shares of the energy company’s stock worth $2,552,000 after buying an additional 28,120 shares in the last quarter. Guinness Asset Management Ltd raised its position in shares of Apache by 4.4% during the 4th quarter. Guinness Asset Management Ltd now owns 236,507 shares of the energy company’s stock worth $9,985,000 after buying an additional 10,000 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Apache during the 4th quarter worth about $1,422,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Apache during the 4th quarter worth about $4,976,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.
Shares of APA stock opened at $40.64 on Wednesday. The firm has a market cap of $15,841.53, a price-to-earnings ratio of 169.33, a P/E/G ratio of 4.11 and a beta of 1.10. The company has a quick ratio of 1.31, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. Apache has a 1-year low of $33.60 and a 1-year high of $52.67.
Apache (NYSE:APA) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.12. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Apache had a net margin of 20.32% and a return on equity of 1.11%. During the same period last year, the business earned ($0.06) EPS. equities analysts forecast that Apache will post 1.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Monday, April 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.46%. Apache’s dividend payout ratio is presently 416.67%.
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Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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