News coverage about Apache (NYSE:APA) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apache earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 46.626920968042 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Several equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Apache from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Stifel Nicolaus set a $41.00 price target on shares of Apache and gave the stock a “hold” rating in a research note on Tuesday, January 30th. ValuEngine downgraded shares of Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $48.00 target price on shares of Apache and gave the stock a “hold” rating in a research note on Friday, April 13th. Finally, Mitsubishi UFJ Financial Group upgraded shares of Apache from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 27th. Ten research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Apache presently has an average rating of “Hold” and an average target price of $41.13.
NYSE APA traded down $1.31 during trading hours on Thursday, hitting $41.26. The company had a trading volume of 3,068,593 shares, compared to its average volume of 4,670,676. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.39 and a quick ratio of 1.22. Apache has a 1-year low of $33.60 and a 1-year high of $51.21. The company has a market capitalization of $16.48 billion, a PE ratio of 171.92, a P/E/G ratio of 4.46 and a beta of 1.10.
Apache (NYSE:APA) last released its quarterly earnings data on Wednesday, May 2nd. The energy company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. Apache had a net margin of 19.67% and a return on equity of 2.16%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. research analysts expect that Apache will post 1.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Monday, July 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.42%. Apache’s dividend payout ratio is presently 416.67%.
In related news, Director John E. Lowe acquired 2,500 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was bought at an average price of $33.80 per share, for a total transaction of $84,500.00. Following the completion of the purchase, the director now directly owns 17,500 shares of the company’s stock, valued at approximately $591,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.59% of the company’s stock.
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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