Apache Co. (NYSE:APA) – Equities research analysts at Mitsubishi UFJ Financial Group raised their Q3 2020 earnings per share estimates for Apache in a note issued to investors on Monday, November 5th. Mitsubishi UFJ Financial Group analyst M. Mcallister now expects that the energy company will post earnings per share of $0.48 for the quarter, up from their previous estimate of $0.47. Mitsubishi UFJ Financial Group has a “Overweight” rating and a $66.00 price target on the stock.
Other analysts have also recently issued reports about the company. TheStreet raised Apache from a “c” rating to a “b-” rating in a research report on Wednesday, August 1st. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Thursday, July 12th. KLR Group reissued a “buy” rating and issued a $54.00 price target on shares of Apache in a research report on Monday, August 20th. Stephens set a $55.00 price target on Apache and gave the stock a “buy” rating in a research report on Monday, September 24th. Finally, Raymond James reissued a “buy” rating and issued a $65.00 price target on shares of Apache in a research report on Thursday, November 1st. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $47.10.
Shares of APA opened at $37.58 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.90. Apache has a 52 week low of $33.60 and a 52 week high of $50.03. The company has a market capitalization of $13.75 billion, a PE ratio of 156.58, a P/E/G ratio of 2.69 and a beta of 1.35.
Apache (NYSE:APA) last issued its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.16. Apache had a return on equity of 7.71% and a net margin of 12.11%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted $0.04 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation purchased a new stake in Apache during the 3rd quarter valued at $103,000. Steward Partners Investment Advisory LLC raised its stake in Apache by 575.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,221 shares of the energy company’s stock valued at $104,000 after buying an additional 1,892 shares during the last quarter. Field & Main Bank purchased a new stake in Apache during the 3rd quarter valued at $120,000. Dorsey & Whitney Trust CO LLC purchased a new stake in Apache during the 3rd quarter valued at $205,000. Finally, Wesbanco Bank Inc. purchased a new stake in Apache during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 96.62% of the company’s stock.
In related news, CEO John J. Christmann bought 3,900 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was acquired at an average cost of $43.63 per share, for a total transaction of $170,157.00. Following the purchase, the chief executive officer now owns 150,696 shares in the company, valued at $6,574,866.48. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Dominic Ricotta sold 3,480 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $43.72, for a total transaction of $152,145.60. Following the sale, the vice president now owns 10,357 shares of the company’s stock, valued at $452,808.04. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, October 22nd will be given a $0.25 dividend. The ex-dividend date is Friday, October 19th. This represents a $1.00 annualized dividend and a yield of 2.66%. Apache’s dividend payout ratio (DPR) is presently 416.67%.
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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