Apache Corp. (NYSE:APA)’s share price dropped 3.7% during mid-day trading on Wednesday . The stock 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.

APA has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on Apache Corp. from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Friday, May 6th. Credit Suisse Group AG reiterated a “hold” rating and issued a $60.00 target price on shares of Apache Corp. in a research note on Friday, May 6th. Vetr downgraded Apache Corp. from a “hold” rating to a “sell” rating and set a $52.69 price target for the company. in a report on Monday, May 9th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $53.00 price target on shares of Apache Corp. in a report on Monday, May 9th. Finally, Howard Weil raised Apache Corp. from a “sector perform” rating to an “outperform” rating in a report on Monday, May 16th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $54.50.

The firm has a 50-day moving average price of $52.18 and a 200-day moving average price of $51.70. The company’s market cap is $19.45 billion.

Apache Corp. (NYSE:APA) last issued 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 quarter in the previous year, the company posted $0.22 earnings per share. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.31 billion. The firm’s quarterly revenue was down 38.5% compared to the same quarter last year. On average, equities research analysts forecast that Apache Corp. will post ($0.74) EPS 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).

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