Apache Corporation (NYSE:APA) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 1,516 call options on the company. This is an increase of 470% compared to the typical daily volume of 266 call options.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ray Gerald L & Associates Ltd. increased its stake in shares of Apache Corporation by 0.4% in the second quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock worth $618,000 after purchasing an additional 50 shares in the last quarter. Tdam USA Inc. increased its stake in shares of Apache Corporation by 0.5% in the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock worth $495,000 after purchasing an additional 55 shares in the last quarter. Huntington National Bank increased its stake in shares of Apache Corporation by 1.1% in the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock worth $261,000 after purchasing an additional 58 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of Apache Corporation by 1.5% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 6,024 shares of the energy company’s stock worth $290,000 after purchasing an additional 87 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its stake in shares of Apache Corporation by 2.0% in the second quarter. Wesbanco Bank Inc. now owns 5,041 shares of the energy company’s stock worth $242,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.

Shares of Apache Corporation (APA) opened at $41.18 on Friday. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37.

Apache Corporation (NYSE:APA) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Apache Corporation had a net margin of 10.60% and a negative return on equity of 0.70%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted ($0.03) earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. equities research analysts expect that Apache Corporation will post -0.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. Apache Corporation’s dividend payout ratio (DPR) is presently 57.47%.

A number of research firms have weighed in on APA. Scotiabank reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Apache Corporation in a research note on Tuesday, October 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apache Corporation in a research note on Thursday, September 21st. Citigroup Inc. dropped their price objective on shares of Apache Corporation from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 15th. Royal Bank Of Canada set a $55.00 price objective on shares of Apache Corporation and gave the company a “hold” rating in a research note on Thursday, August 24th. Finally, BidaskClub lowered shares of Apache Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $47.82.

TRADEMARK VIOLATION NOTICE: “Apache Corporation Target of Unusually High Options Trading (APA)” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.dailypolitical.com/2017/11/18/apache-corporation-target-of-unusually-high-options-trading-apa.html.

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.

Receive News & Ratings for Apache Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache Corporation and related companies with MarketBeat.com's FREE daily email newsletter.