Shares of Apache Corp. (NYSE:APA) traded down 3.4% during trading on Monday . The stock traded as low as $51.73 and last traded at $51.85, with a volume of 1,371,046 shares changing hands. The stock had previously closed at $53.65.

A number of brokerages have commented on APA. Iberia Capital upped their price objective on shares of Apache Corp. from $53.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 26th. Credit Agricole SA began coverage on shares of Apache Corp. in a research report on Wednesday, June 22nd. They set an “underperform” rating for the company. Royal Bank Of Canada upped their price objective on shares of Apache Corp. from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Friday, May 6th. Vetr downgraded shares of Apache Corp. from a “hold” rating to a “sell” rating and set a $52.69 price objective for the company. in a research report on Monday, May 16th. Finally, Wells Fargo & Co. restated an “outperform” rating on shares of Apache Corp. in a research report on Wednesday, July 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. Apache Corp. has a consensus rating of “Hold” and an average price target of $54.64.

The company’s 50-day moving average is $55.26 and its 200-day moving average is $49.17. The firm’s market cap is $19.67 billion.

Apache Corp. (NYSE:APA) last issued its earnings results on Thursday, May 5th. The energy company reported ($0.40) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $0.49. During the same period in the prior year, the company earned ($0.37) EPS. Equities research analysts expect that Apache Corp. will post ($0.47) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Friday, July 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.92%.

Other hedge funds have recently added to or reduced their stakes in the company. 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 valued at $1,080,000 after buying an additional 460 shares during the last quarter. KBC Group NV boosted its stake in Apache Corp. by 11.2% in the fourth quarter. KBC Group NV now owns 26,193 shares of the energy company’s stock valued at $1,165,000 after buying an additional 2,635 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 valued at $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 valued at $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 valued at $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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