Apache Corp. (APA) Shares Gap Up to $49.79
Apache Corp. (NYSE:APA) gapped up prior to trading on Monday . The stock had previously closed at $49.33, but opened at $49.79. Apache Corp. shares last traded at $51.29, with a volume of 2,479,300 shares trading hands.
Several brokerages have commented on APA. Royal Bank Of Canada restated a “hold” rating on shares of Apache Corp. in a research note on Sunday, May 8th. Iberia Capital raised their price objective on shares of Apache Corp. from $53.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, May 26th. Credit Agricole SA initiated coverage on shares of Apache Corp. in a research note on Wednesday, June 22nd. They set an “underperform” rating on the stock. Jefferies Group reiterated a “sell” rating on shares of Apache Corp. in a research note on Thursday, August 4th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $53.00 price objective on shares of Apache Corp. in a research note on Monday, May 9th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company’s stock. Apache Corp. has an average rating of “Hold” and a consensus price target of $54.50.
The company has a 50-day moving average of $51.96 and a 200 day moving average of $51.68. The stock’s market cap is $19.46 billion.
Apache Corp. (NYSE:APA) last issued its earnings results on Thursday, August 4th. The energy company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.09. The business 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 period in the previous year, the firm earned $0.22 earnings per share. Analysts expect that Apache Corp. will post ($0.70) earnings per share for the current fiscal year.
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).