Apache Corp. (NYSE:APA) shares rose 1.6% on Tuesday . The company traded as high as $50.83 and last traded at $50.67, with a volume of 1,612,018 shares trading hands. The stock had previously closed at $49.88.

APA has been the subject of a number of research reports. Vetr raised shares of Apache Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, August 10th. Barclays PLC downgraded shares of Apache Corp. from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $45.00 to $49.00 in a research report on Friday, August 5th. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “hold” rating and set a $60.00 target price on shares of Apache Corp. in a research report on Friday, May 6th. Royal Bank Of Canada reissued a “hold” rating on shares of Apache Corp. in a research report on Sunday, May 8th. Finally, Zacks Investment Research downgraded shares of Apache Corp. from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. Apache Corp. has an average rating of “Hold” and a consensus target price of $54.68.

The firm’s market cap is $19.34 billion. The company’s 50-day moving average is $53.17 and its 200-day moving average is $50.58.

Apache Corp. (NYSE:APA) last released its earnings results on Thursday, August 4th. The energy company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.09. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. The business’s quarterly revenue was down 38.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. On average, equities research analysts forecast that Apache Corp. will post ($0.60) earnings per share for the current year.

Other institutional investors recently added to or reduced their stakes in the company. Bridgewater Associates LP increased its position in Apache Corp. by 8.3% in the fourth quarter. Bridgewater Associates LP now owns 116,200 shares of the energy company’s stock valued at $5,167,000 after buying an additional 8,900 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. Utah Retirement Systems increased its position in Apache Corp. by 0.3% in the fourth quarter. Utah Retirement Systems now owns 67,585 shares of the energy company’s stock valued at $3,005,000 after buying an additional 200 shares during the period. Finally, 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.

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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