Apache Co. (NYSE:APA) declared a quarterly dividend on Thursday, September 13th, RTT News reports. Stockholders of record on Monday, October 22nd will be paid a dividend of 0.25 per share by the energy company on Wednesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%.

Apache has increased its dividend by an average of 1.7% annually over the last three years. Apache has a payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Apache to earn $1.73 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 57.8%.

Shares of Apache stock opened at $44.54 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. Apache has a 52-week low of $33.60 and a 52-week high of $49.59. The company has a market capitalization of $17.26 billion, a PE ratio of 185.58, a PEG ratio of 3.80 and a beta of 1.19.

Apache (NYSE:APA) last issued its quarterly earnings data on Wednesday, August 1st. The energy company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Apache had a net margin of 12.57% and a return on equity of 5.21%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.76 billion. equities research analysts expect that Apache will post 1.7 earnings per share for the current fiscal year.

In other Apache news, insider Stephen J. Riney acquired 6,300 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was acquired at an average cost of $43.51 per share, for a total transaction of $274,113.00. Following the purchase, the insider now owns 42,184 shares in the company, valued at approximately $1,835,425.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Dominic Ricotta sold 3,480 shares of Apache stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $43.72, for a total transaction of $152,145.60. Following the sale, the vice president now owns 10,357 shares of the company’s stock, valued at $452,808.04. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Apache from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Morgan Stanley assumed coverage on shares of Apache in a research report on Thursday, July 12th. They set an “underweight” rating and a $42.00 target price on the stock. Mitsubishi UFJ Financial Group boosted their target price on shares of Apache to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 7th. ValuEngine raised shares of Apache from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Stifel Nicolaus boosted their target price on shares of Apache from $46.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, August 9th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.11.

Apache Company Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Dividend History for Apache (NYSE:APA)

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