Apache Corp. (NYSE:APA)’s share price dropped 1.7% during mid-day trading on Monday . The company traded as low as $56.12 and last traded at $56.16, with a volume of 911,844 shares trading hands. The stock had previously closed at $57.12.

APA has been the topic of a number of recent research reports. Wells Fargo & Co. reiterated an “outperform” rating on shares of Apache Corp. in a research note on Wednesday, July 6th. Howard Weil upgraded shares of Apache Corp. from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 16th. Scotiabank upgraded shares of Apache Corp. from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $46.00 to $66.00 in a research note on Monday, May 16th. Citigroup Inc. raised their target price on shares of Apache Corp. from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. Finally, Vetr downgraded shares of Apache Corp. from a “hold” rating to a “sell” rating and set a $52.69 target price for the company. in a research note on Monday, May 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. Apache Corp. presently has an average rating of “Hold” and a consensus target price of $54.64.

The firm’s 50-day moving average price is $55.55 and its 200-day moving average price is $48.81. The stock’s market capitalization is $20.77 billion.

Apache Corp. (NYSE:APA) last announced its quarterly earnings data on Thursday, May 5th. The energy company reported ($0.40) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.89) by $0.49. During the same quarter in the previous year, the company earned ($0.37) earnings per share. Equities analysts expect that Apache Corp. will post ($0.54) EPS for the current fiscal year.

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

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Apache Corp. by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 22,694,824 shares of the energy company’s stock worth $1,009,239,000 after buying an additional 588,228 shares in the last quarter. Harris Associates L P increased its stake 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 worth $772,109,000 after buying an additional 3,784,360 shares in the last quarter. OppenheimerFunds Inc. increased its stake 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 worth $46,954,000 after buying an additional 675,499 shares in the last quarter. State of New Jersey Common Pension Fund D boosted 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 boosted 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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