Apache Corp. (NYSE:APA) shares dropped 5% during mid-day trading on Monday . The company traded as low as $49.85 and last traded at $49.86, with a volume of 1,784,228 shares changing hands. The stock had previously closed at $52.50.

APA has been the topic of a number of research analyst reports. Vetr lowered shares of Apache Corp. from a “strong-buy” rating to a “buy” rating and set a $55.25 target price on the stock. in a research note on Wednesday, April 6th. Citigroup Inc. raised their price target on shares of Apache Corp. from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 7th. Wells Fargo & Co. upgraded shares of Apache Corp. from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $32.30 to $47.23 in a research report on Friday, April 8th. Royal Bank Of Canada raised their price target 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. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $60.00 price target on shares of Apache Corp. in a research report on Friday, May 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $54.64.

The firm’s market capitalization is $18.88 billion. The company has a 50 day moving average of $54.65 and a 200 day moving average of $49.75.

Apache Corp. (NYSE:APA) last released its quarterly earnings results on Thursday, May 5th. The energy company reported ($0.40) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.89) by $0.49. During the same quarter last year, the company earned ($0.37) earnings per share. On average, equities analysts expect that Apache Corp. will post ($0.41) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Friday, July 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, July 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.01%.

Several institutional investors have added to or reduced their stakes in APA. State of New Jersey Common Pension Fund D increased its position in 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 period. Systematic Financial Management LP acquired a new position in Apache Corp. during the fourth quarter valued at approximately $13,374,000. Schroder Investment Management Group increased its position in Apache Corp. by 56.2% in the fourth quarter. Schroder Investment Management Group now owns 163,507 shares of the energy company’s stock valued at $7,271,000 after buying an additional 58,810 shares during the period. BlackRock Investment Management LLC increased its position in Apache Corp. by 1.2% in the fourth quarter. BlackRock Investment Management LLC now owns 2,864,765 shares of the energy company’s stock valued at $127,396,000 after buying an additional 32,598 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Apache Corp. by 15.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 148,448 shares of the energy company’s stock valued at $6,602,000 after buying an additional 19,707 shares during the period.

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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