Capital One Financial Research Analysts Boost Earnings Estimates for Apache Co. (APA)
Apache Co. (NYSE:APA) – Investment analysts at Capital One Financial lifted their FY2017 EPS estimates for Apache in a research report issued to clients and investors on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the energy company will post earnings per share of $0.13 for the year, up from their prior forecast of $0.01. Capital One Financial also issued estimates for Apache’s Q4 2017 earnings at $0.21 EPS.
Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Apache from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group set a $35.00 price objective on Apache and gave the stock a “sell” rating in a report on Tuesday, August 29th. Morgan Stanley raised their price objective on Apache from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. J P Morgan Chase & Co cut Apache from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $46.00 to $38.00 in a report on Thursday, September 14th. Finally, Barclays cut their target price on Apache from $30.00 to $26.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 11th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.24.
Shares of Apache (APA) opened at $39.47 on Thursday. Apache has a fifty-two week low of $38.14 and a fifty-two week high of $67.42. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.
Apache (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 the consensus estimate of ($0.05) by $0.09. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned ($0.03) earnings per share. The business’s revenue was down 3.5% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s dividend payout ratio (DPR) is currently 57.47%.
In other Apache news, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Lowe acquired 3,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of $40.02 per share, for a total transaction of $120,060.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $600,300. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Ray Gerald L & Associates Ltd. raised its position in Apache by 0.4% in the second quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock valued at $618,000 after purchasing an additional 50 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in Apache by 1.5% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 6,024 shares of the energy company’s stock valued at $290,000 after purchasing an additional 87 shares during the period. Wesbanco Bank Inc. raised its position in Apache by 2.0% in the second quarter. Wesbanco Bank Inc. now owns 5,041 shares of the energy company’s stock valued at $242,000 after purchasing an additional 100 shares during the period. Nordea Investment Management AB raised its position in Apache by 0.7% in the second quarter. Nordea Investment Management AB now owns 19,802 shares of the energy company’s stock valued at $949,000 after purchasing an additional 143 shares during the period. Finally, Thompson Investment Management Inc. grew its stake in shares of Apache by 0.3% during the second quarter. Thompson Investment Management Inc. now owns 64,864 shares of the energy company’s stock valued at $3,108,000 after acquiring an additional 171 shares in the last quarter. 94.69% of the stock is currently owned by institutional investors.
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Apache Company Profile
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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