Media coverage about Apache (NYSE:APA) has been trending somewhat positive this week, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Apache earned a news impact score of 2.00 on their scale. InfoTrie also assigned media stories about the energy company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have effected Apache’s analysis:
A number of brokerages have issued reports on APA. Piper Jaffray Companies lowered Apache from an “overweight” rating to a “neutral” rating in a research report on Thursday, September 27th. BMO Capital Markets reissued a “hold” rating and issued a $40.00 target price on shares of Apache in a research report on Monday, November 5th. ValuEngine raised Apache from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Jefferies Financial Group cut their target price on Apache to $31.00 and set an “underperform” rating on the stock in a research report on Thursday, November 15th. Finally, Cowen began coverage on Apache in a research report on Thursday, November 29th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.52.
Shares of APA stock opened at $35.04 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.26 and a quick ratio of 1.10. The firm has a market cap of $13.33 billion, a P/E ratio of 146.00, a PEG ratio of 2.63 and a beta of 1.32. Apache has a 12 month low of $33.60 and a 12 month high of $50.03.
Apache (NYSE:APA) last issued its 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. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.89 billion. Apache had a net margin of 12.11% and a return on equity of 7.71%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, sell-side analysts anticipate that Apache will post 1.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, October 22nd were paid a dividend of $0.25 per share. 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 payout ratio is currently 416.67%.
In other Apache news, insider Rebecca A. Hoyt sold 6,111 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $47.48, for a total value of $290,150.28. Following the completion of the transaction, the insider now owns 30,548 shares in the company, valued at $1,450,419.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.59% of the company’s stock.
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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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