Apache Corp. (APA) Trading Down 3.7%
Shares of Apache Corp. (NYSE:APA) fell 3.7% during mid-day trading on Wednesday . The company traded as low as $50.19 and last traded at $50.49, with a volume of 1,699,605 shares trading hands. The stock had previously closed at $52.43.
Several analysts recently weighed in on the company. Royal Bank Of Canada reissued a “hold” rating on shares of Apache Corp. in a report on Sunday, May 8th. Iberia Capital lifted their price target on Apache Corp. from $53.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, May 26th. Credit Agricole SA assumed coverage on Apache Corp. in a report on Wednesday, June 22nd. They set an “underperform” rating for the company. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $53.00 price target on shares of Apache Corp. in a report on Monday, May 9th. Finally, Jefferies Group reissued a “sell” rating on shares of Apache Corp. in a report on Thursday, August 4th. Three investment 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’s stock. Apache Corp. has an average rating of “Hold” and a consensus target price of $54.68.
The firm’s market cap is $18.86 billion. The stock’s 50-day moving average price is $52.52 and its 200 day moving average price is $51.71.
Apache Corp. (NYSE:APA) last issued its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.26) earnings per share (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 earned $0.22 EPS. The company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.31 billion. The business’s quarterly revenue was down 38.5% compared to the same quarter last year. On average, analysts predict that Apache Corp. will post ($0.76) 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).