Apache Corp. (APA) Stock Price Up 3.7%
Apache Corp. (NYSE:APA) rose 3.7% on Monday . The stock traded as high as $51.75 and last traded at $51.46, with a volume of 1,577,929 shares traded. The stock had previously closed at $49.64.
APA has been the subject of several analyst reports. Barclays PLC lowered Apache Corp. from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $45.00 to $49.00 in a report on Friday, August 5th. They noted that the move was a valuation call. Vetr upgraded Apache Corp. from a “sell” rating to a “hold” rating and set a $52.69 target price for the company in a report on Monday, May 2nd. Credit Suisse Group AG restated a “hold” rating and issued a $60.00 target price on shares of Apache Corp. in a report on Friday, May 6th. Royal Bank Of Canada restated a “hold” rating on shares of Apache Corp. in a report on Sunday, May 8th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $53.00 target price on shares of Apache Corp. in a report on Monday, May 9th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.75.
The stock’s 50-day moving average is $53.99 and its 200 day moving average is $50.27. The stock’s market cap is $18.85 billion.
Apache Corp. (NYSE:APA) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.09. During the same quarter in the previous year, the business posted $0.22 EPS. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Apache Corp.’s revenue for the quarter was down 38.5% on a year-over-year basis. On average, equities research analysts forecast that Apache Corp. will post ($0.57) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders 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 dividend on an annualized basis and a yield of 1.99%.
A number of institutional investors recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised 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 worth $6,602,000 after buying an additional 19,707 shares during the period. Dai Ichi Life Insurance CO. LTD. raised its position 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 worth $1,492,000 after buying an additional 8,973 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Apache Corp. by 5.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 51,070 shares of the energy company’s stock worth $2,271,000 after buying an additional 2,839 shares during the period. Schroder Investment Management Group raised 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 worth $7,271,000 after buying an additional 58,810 shares during the period. Finally, Advantus Capital Management Inc raised its position 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 worth $1,618,000 after buying an additional 1,091 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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