Sanford C. Bernstein reissued their outperform rating on shares of Apache Corporation (NYSE:APA) in a research note published on Thursday.

A number of other research analysts also recently weighed in on APA. Scotiabank set a $50.00 target price on shares of Apache Corporation and gave the company a hold rating in a research report on Saturday, July 1st. BidaskClub downgraded shares of Apache Corporation from a hold rating to a sell rating in a research report on Saturday, August 5th. Citigroup Inc. decreased their price objective on shares of Apache Corporation from $50.00 to $45.00 and set a neutral rating for the company in a research report on Tuesday, August 15th. BMO Capital Markets set a $45.00 price objective on shares of Apache Corporation and gave the company a hold rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a hold rating and issued a $64.00 price objective on shares of Apache Corporation in a research report on Friday, June 16th. Nine analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Apache Corporation presently has a consensus rating of Hold and an average price target of $53.16.

Shares of Apache Corporation (APA) opened at 43.57 on Thursday. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00. The firm’s market cap is $16.60 billion. The company has a 50 day moving average of $41.50 and a 200 day moving average of $47.40. Apache Corporation also was the target of some unusual options trading activity on Friday. Stock traders acquired 1,516 call options on the company. This is an increase of approximately 470% compared to the average daily volume of 266 call options.

Apache Corporation (NYSE:APA) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business posted ($0.26) EPS. On average, equities analysts forecast that Apache Corporation will post $0.03 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, October 20th. Apache Corporation’s dividend payout ratio (DPR) is -4,997.50%.

In other Apache Corporation news, Director George D. Lawrence acquired 900 shares of the company’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the purchase, the director now directly owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John E. Lowe acquired 2,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $40.32 per share, with a total value of $80,640.00. Following the purchase, the director now directly owns 12,000 shares in the company, valued at $483,840. The disclosure for this purchase can be found here. Insiders acquired a total of 5,500 shares of company stock valued at $235,094 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Fulton Bank N.A. raised its stake in Apache Corporation by 0.6% in the 2nd quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock worth $494,000 after purchasing an additional 59 shares in the last quarter. Utah Retirement Systems raised its stake in Apache Corporation by 0.6% in the 2nd quarter. Utah Retirement Systems now owns 69,785 shares of the energy company’s stock worth $3,345,000 after purchasing an additional 400 shares in the last quarter. ARGA Investment Management LP raised its stake in Apache Corporation by 27.8% in the 2nd quarter. ARGA Investment Management LP now owns 88,829 shares of the energy company’s stock worth $4,258,000 after purchasing an additional 19,300 shares in the last quarter. Hosking Partners LLP raised its stake in Apache Corporation by 97.4% in the 2nd quarter. Hosking Partners LLP now owns 90,472 shares of the energy company’s stock worth $4,336,000 after purchasing an additional 44,629 shares in the last quarter. Finally, Mitchell Group Inc. raised its stake in Apache Corporation by 2.1% in the 2nd quarter. Mitchell Group Inc. now owns 593,457 shares of the energy company’s stock worth $28,444,000 after purchasing an additional 12,438 shares in the last quarter. Institutional investors and hedge funds own 95.00% 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. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

Analyst Recommendations for Apache Corporation (NYSE:APA)

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