Apache Corp. (NYSE:APA) was down 0.1% during mid-day trading on Friday . The stock traded as low as $54.68 and last traded at $54.95, with a volume of 1,180,078 shares changing hands. The stock had previously closed at $54.90.

Several equities research analysts have issued reports on APA shares. Sanford C. Bernstein lowered their price objective on shares of Apache Corp. from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, March 10th. Vetr cut shares of Apache Corp. from a “hold” rating to a “sell” rating and set a $48.95 price objective for the company. in a research report on Thursday, March 17th. Royal Bank Of Canada started coverage on shares of Apache Corp. in a research report on Friday, March 18th. They issued a “sector perform” rating and a $52.00 price objective for the company. Capital One Financial Corp. cut shares of Apache Corp. from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 23rd. Finally, Deutsche Bank AG boosted their price objective on shares of Apache Corp. from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Tuesday, March 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. Apache Corp. currently has an average rating of “Hold” and a consensus price target of $54.64.

The stock has a 50 day moving average price of $55.81 and a 200 day moving average price of $48.17. The stock’s market cap is $20.88 billion.

Apache Corp. (NYSE:APA) last released its quarterly earnings data on Thursday, May 5th. The energy company reported ($0.40) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.49. During the same quarter last year, the firm posted ($0.37) EPS. On average, analysts anticipate that Apache Corp. will post ($0.98) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, July 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%.

A number of hedge funds recently added to or reduced their stakes in APA. Tredje AP fonden boosted its stake in Apache Corp. by 1.9% in the fourth quarter. Tredje AP fonden now owns 24,283 shares of the energy company’s stock worth $1,080,000 after buying an additional 460 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Apache Corp. by 40.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,910 shares of the energy company’s stock worth $1,152,000 after buying an additional 7,500 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Apache Corp. by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,260 shares of the energy company’s stock worth $1,479,000 after buying an additional 174 shares during the last quarter. Dai Ichi Life Insurance CO. LTD. boosted its stake in Apache Corp. by 36.5% in the fourth quarter. Dai Ichi Life Insurance CO. LTD. now owns 33,560 shares of the energy company’s stock worth $1,492,000 after buying an additional 8,973 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in Apache Corp. by 3.1% in the fourth quarter. Advantus Capital Management Inc now owns 36,381 shares of the energy company’s stock worth $1,618,000 after buying an additional 1,091 shares during the last quarter.

Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).

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