Apache Corporation (APA) Receiving Somewhat Positive News Coverage, Report Finds
News headlines about Apache Corporation (NYSE:APA) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apache Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 46.2900168626027 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
- Apache : AP Breaks Ground on New Regional Office for Apache Corporation in Midland, TX (4-traders.com)
- Apache CEO discusses Alpine High, industry outlook (mrt.com)
- Apache Corp.: A Buying Opportunity (seekingalpha.com)
- See what the IHS Markit Score report has to say about Apache Corp. (finance.yahoo.com)
Apache Corporation (APA) traded down 2.23% during trading on Thursday, reaching $42.61. The company had a trading volume of 3,803,868 shares. Apache Corporation has a 52-week low of $42.35 and a 52-week high of $69.00. The company has a 50-day moving average price of $47.23 and a 200 day moving average price of $50.70. The stock’s market cap is $16.23 billion.
Apache Corporation (NYSE:APA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.22. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) earnings per share. On average, analysts anticipate that Apache Corporation will post $0.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Friday, July 21st will be given a $0.25 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. Apache Corporation’s dividend payout ratio (DPR) is presently -4,997.50%.
A number of analysts recently weighed in on APA shares. Scotiabank restated a “hold” rating and issued a $58.00 price target on shares of Apache Corporation in a research note on Monday, May 15th. BMO Capital Markets restated a “hold” rating and issued a $53.00 price target on shares of Apache Corporation in a research note on Monday, May 15th. Bank of America Corporation restated a “buy” rating and issued a $57.00 price target (down from $60.00) on shares of Apache Corporation in a research note on Thursday, May 11th. Jefferies Group LLC restated a “sell” rating and issued a $40.00 price target on shares of Apache Corporation in a research note on Wednesday, May 17th. Finally, Zacks Investment Research upgraded Apache Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $56.39.
In other Apache Corporation news, Director Rene R. Joyce bought 10,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $51.38 per share, with a total value of $513,800.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $513,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Lowe bought 2,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of $44.90 per share, with a total value of $112,250.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $449,000. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
About Apache Corporation
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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