Apache Co. (NYSE:APA) – Investment analysts at Seaport Global Securities cut their Q1 2019 earnings estimates for Apache in a research report issued on Tuesday, December 4th. Seaport Global Securities analyst J. Aschenbeck now expects that the energy company will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.50. Seaport Global Securities also issued estimates for Apache’s Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.29 EPS and FY2019 earnings at $0.66 EPS.
Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus restated a “hold” rating and set a $49.00 target price on shares of Apache in a research report on Thursday, August 30th. Stephens began coverage on Apache in a research report on Thursday. They set a “buy” rating and a $50.00 target price on the stock. ValuEngine upgraded Apache from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. BMO Capital Markets restated a “hold” rating and set a $37.00 target price on shares of Apache in a research report on Tuesday, November 13th. Finally, Jefferies Financial Group dropped their target price on Apache to $31.00 and set an “underperform” rating on the stock in a research report on Thursday, November 15th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $46.29.
NYSE:APA opened at $35.04 on Thursday. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 146.00, a P/E/G ratio of 2.49 and a beta of 1.32. Apache has a 1 year low of $33.60 and a 1 year high of $50.03. 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 (NYSE:APA) last posted its earnings results on Wednesday, October 31st. The energy company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.16. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.89 billion. Apache had a return on equity of 7.71% and a net margin of 12.11%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, October 22nd were given a $0.25 dividend. The ex-dividend date was Friday, October 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. Apache’s dividend payout ratio (DPR) is presently 416.67%.
In related news, insider Rebecca A. Hoyt sold 6,111 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $47.48, for a total value of $290,150.28. Following the sale, the insider now owns 30,548 shares in the company, valued at $1,450,419.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.59% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation purchased a new stake in Apache during the third quarter valued at about $103,000. Field & Main Bank purchased a new stake in Apache during the third quarter valued at about $120,000. Dorsey & Whitney Trust CO LLC purchased a new stake in Apache during the third quarter valued at about $205,000. Rand Wealth LLC purchased a new stake in Apache during the third quarter valued at about $209,000. Finally, Wesbanco Bank Inc. purchased a new stake in Apache during the second quarter valued at about $207,000. Institutional investors and hedge funds own 96.02% 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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