Apache Corp. (NYSE:APA) fell 1.7% during trading on Monday . The company traded as low as $56.12 and last traded at $56.16, with a volume of 911,844 shares traded. The stock had previously closed at $57.12.

A number of brokerages recently commented on APA. Wells Fargo & Co. restated an “outperform” rating on shares of Apache Corp. in a report on Wednesday, July 6th. Credit Agricole SA initiated coverage on shares of Apache Corp. in a research note on Wednesday, June 22nd. They issued an “underperform” rating on the stock. Iberia Capital lifted their price target on shares of Apache Corp. from $53.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, May 26th. Vetr lowered shares of Apache Corp. from a “hold” rating to a “sell” rating and set a $52.69 price target on the stock. in a research note on Monday, May 16th. Finally, Scotiabank upgraded shares of Apache Corp. from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $46.00 to $66.00 in a research note on Monday, May 16th. Four 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. The company currently has an average rating of “Hold” and an average target price of $54.64.

The stock’s market capitalization is $21.32 billion. The company’s 50-day moving average is $55.56 and its 200 day moving average is $48.76.

Apache Corp. (NYSE:APA) last posted its quarterly earnings results 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 company earned ($0.37) EPS. On average, equities analysts predict that Apache Corp. will post ($0.63) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, July 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, July 20th.

Several hedge funds and institutional investors have bought and sold shares of APA. Vanguard Group Inc. increased its position in Apache Corp. by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 22,694,824 shares of the energy company’s stock valued at $1,009,239,000 after buying an additional 588,228 shares during the period. Harris Associates L P increased its position in shares of Apache Corp. by 27.9% in the fourth quarter. Harris Associates L P now owns 17,362,453 shares of the energy company’s stock valued at $772,109,000 after buying an additional 3,784,360 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Apache Corp. by 177.6% in the fourth quarter. OppenheimerFunds Inc. now owns 1,055,794 shares of the energy company’s stock valued at $46,954,000 after buying an additional 675,499 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Apache Corp. by 187.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 590,000 shares of the energy company’s stock valued at $26,238,000 after buying an additional 385,000 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its position in shares of Apache Corp. by 2.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 365,763 shares of the energy company’s stock valued at $16,814,000 after buying an additional 8,729 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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