Apache Co. (NYSE:APA) – Equities research analysts at Capital One lowered their Q1 2018 earnings per share estimates for Apache in a research note issued to investors on Monday, March 26th, Zacks Investment Research reports. Capital One analyst R. Tullis now forecasts that the energy company will earn $0.73 per share for the quarter, down from their prior estimate of $0.78. Capital One also issued estimates for Apache’s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.62 EPS and FY2019 earnings at $1.47 EPS.
A number of other brokerages have also recently commented on APA. Morgan Stanley increased their price target on shares of Apache from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Stifel Nicolaus set a $41.00 price target on shares of Apache and gave the company a “hold” rating in a research report on Tuesday, January 30th. ValuEngine cut shares of Apache from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Barclays reiterated a “sell” rating and set a $32.00 price target on shares of Apache in a research report on Sunday, December 24th. Finally, Royal Bank of Canada set a $48.00 price target on shares of Apache and gave the company a “hold” rating in a research report on Friday, April 13th. Ten research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Apache currently has a consensus rating of “Hold” and a consensus target price of $41.27.
NYSE APA traded down $0.58 on Tuesday, reaching $41.45. 5,151,479 shares of the company’s stock traded hands, compared to its average volume of 5,014,673. Apache has a 12 month low of $33.60 and a 12 month high of $52.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.31. The stock has a market capitalization of $16,341.22, a P/E ratio of 172.71, a PEG ratio of 4.15 and a beta of 1.10.
Apache (NYSE:APA) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.12. Apache had a net margin of 20.32% and a return on equity of 1.11%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted ($0.06) earnings per share.
Hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in Apache in the third quarter worth $134,000. Valeo Financial Advisors LLC purchased a new position in Apache during the third quarter valued at $135,000. Pinebridge Investments L.P. lifted its position in Apache by 176.1% during the fourth quarter. Pinebridge Investments L.P. now owns 3,495 shares of the energy company’s stock valued at $148,000 after buying an additional 2,229 shares during the period. SevenBridge Financial Group LLC lifted its position in Apache by 83.3% during the third quarter. SevenBridge Financial Group LLC now owns 4,551 shares of the energy company’s stock valued at $208,000 after buying an additional 2,068 shares during the period. Finally, M Holdings Securities Inc. purchased a new position in Apache during the fourth quarter valued at $205,000. 95.96% of the stock is owned by institutional investors.
In other news, Director John E. Lowe bought 2,500 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were purchased at an average price of $33.80 per share, for a total transaction of $84,500.00. Following the completion of the acquisition, the director now owns 17,500 shares of the company’s stock, valued at $591,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.59% of the stock is currently owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, April 20th. Apache’s dividend payout ratio is 416.67%.
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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