Apache Corporation Target of Unusually High Options Trading (APA)
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.
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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.
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