Apache Corp. (APA) Trading 1.6% Higher
Apache Corp. (NYSE:APA) shares traded up 1.6% during trading on Tuesday . The stock traded as high as $50.83 and last traded at $50.67, with a volume of 1,612,018 shares changing hands. The stock had previously closed at $49.88.
A number of analysts have recently issued reports on APA shares. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Apache Corp. in a report on Sunday, May 8th. Iberia Capital lifted their price objective on shares of Apache Corp. from $53.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, May 26th. Vetr raised shares of Apache Corp. from a “sell” rating to a “hold” rating and set a $52.69 price objective for the company in a report on Monday, May 2nd. Credit Agricole SA started coverage on shares of Apache Corp. in a report on Wednesday, June 22nd. They set an “underperform” rating for the company. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $53.00 price objective on shares of Apache Corp. in a report on Monday, May 9th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $54.68.
The stock has a 50-day moving average of $53.07 and a 200 day moving average of $50.65. The stock’s market cap is $19.59 billion.
Apache Corp. (NYSE:APA) last released its earnings results on Thursday, August 4th. The energy company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.09. During the same period in the previous year, the business earned $0.22 EPS. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. The company’s revenue was down 38.5% on a year-over-year basis. Analysts forecast that Apache Corp. will post ($0.70) EPS for the current year.
A hedge fund recently raised its stake in Apache Corp. stock. Utah Retirement Systems increased its stake in Apache Corp. (NYSE:APA) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,585 shares of the energy company’s stock after buying an additional 200 shares during the period. Utah Retirement Systems’ holdings in Apache Corp. were worth $3,005,000 at the end of the most recent 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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