Apache Co. (NYSE:APA) – Analysts at Capital One Financial lowered their Q3 2018 earnings per share estimates for shares of Apache in a research report issued to clients and investors on Friday, June 22nd. Capital One Financial analyst R. Tullis now forecasts that the energy company will post earnings per share of $0.34 for the quarter, down from their previous estimate of $0.40. Capital One Financial also issued estimates for Apache’s Q4 2018 earnings at $0.34 EPS and FY2019 earnings at $1.51 EPS.
APA has been the topic of a number of other research reports. Citigroup cut their price target on shares of Apache from $46.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 price target on shares of Apache in a research report on Monday, March 5th. Mitsubishi UFJ Financial Group raised shares of Apache from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 27th. Jefferies Financial Group set a $32.00 price target on shares of Apache and gave the company a “sell” rating in a research report on Monday, March 19th. Finally, Argus raised shares of Apache from a “hold” rating to a “buy” rating and upped their price target for the company from $46.19 to $56.00 in a research report on Monday, June 11th. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.81.
Shares of APA opened at $44.17 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.89. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 184.04, a PEG ratio of 3.66 and a beta of 1.06. Apache has a 12 month low of $33.60 and a 12 month high of $51.21.
Apache (NYSE:APA) last issued its quarterly earnings results on Wednesday, May 2nd. The energy company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Apache had a net margin of 19.67% and a return on equity of 2.16%. During the same quarter in the prior year, the firm posted $0.08 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Monday, July 23rd will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. Apache’s dividend payout ratio (DPR) is presently 416.67%.
In related news, Director John E. Lowe acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were bought at an average price of $38.35 per share, with a total value of $95,875.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $767,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.59% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. raised its holdings in shares of Apache by 105.2% in the 1st quarter. Suntrust Banks Inc. now owns 43,692 shares of the energy company’s stock worth $1,679,000 after acquiring an additional 22,401 shares during the last quarter. Howard Capital Management Inc. acquired a new stake in shares of Apache in the 1st quarter worth about $9,511,000. Xact Kapitalforvaltning AB raised its holdings in shares of Apache by 13.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 40,946 shares of the energy company’s stock worth $1,576,000 after acquiring an additional 4,798 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Apache by 8.0% in the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 183,000 shares of the energy company’s stock worth $7,042,000 after acquiring an additional 13,600 shares during the last quarter. Finally, Kiwi Wealth Investments Limited Partnership acquired a new stake in shares of Apache in the 1st quarter worth about $3,090,000. Institutional investors own 98.14% of the company’s stock.
Apache Company Profile
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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