Shares of Apache Corp. (NYSE:APA) were down 0.1% during 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 trading hands. The stock had previously closed at $54.90.

Several analysts have recently commented on APA shares. Vetr downgraded shares of Apache Corp. from a “buy” rating to a “hold” rating and set a $53.64 price objective on the stock. in a report on Tuesday, April 12th. Capital One Financial Corp. downgraded shares of Apache Corp. from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 23rd. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of Apache Corp. in a report on Monday, May 9th. Royal Bank Of Canada initiated coverage on shares of Apache Corp. in a report on Friday, March 18th. They issued a “sector perform” rating and a $52.00 price objective on the stock. Finally, Credit Agricole SA initiated coverage on shares of Apache Corp. in a report on Wednesday, June 22nd. They set an “underperform” rating on the stock. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. Apache Corp. presently has an average rating of “Hold” and an average price target of $54.64.

The company’s 50-day moving average is $55.79 and its 200-day moving average is $48.22. The firm’s market capitalization is $20.88 billion.

Apache Corp. (NYSE:APA) last released its quarterly earnings data on Thursday, May 5th. The energy company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.89) by $0.49. During the same quarter in the previous year, the business earned ($0.37) earnings per share. On average, equities research analysts expect that Apache Corp. will post ($0.89) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Friday, July 22nd will be given a $0.25 dividend. The ex-dividend date is Wednesday, July 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. Janus Capital Management increased its position in shares of Apache Corp. by 195.2% in the third quarter. Janus Capital Management now owns 42,915 shares of the energy company’s stock valued at $1,680,000 after buying an additional 28,375 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Apache Corp. by 1.6% in the fourth quarter. TD Asset Management Inc. now owns 182,647 shares of the energy company’s stock valued at $8,122,000 after buying an additional 2,928 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Apache Corp. by 40.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,910 shares of the energy company’s stock valued at $1,152,000 after buying an additional 7,500 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Apache Corp. by 51.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 41,887 shares of the energy company’s stock valued at $1,863,000 after buying an additional 14,276 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Apache Corp. by 6.4% in the fourth quarter. ProShare Advisors LLC now owns 90,045 shares of the energy company’s stock valued at $4,004,000 after buying an additional 5,417 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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