News coverage about Apache (NYSE:APA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apache earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 46.5656024170225 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Matei Zaharia, creator of the Apache Spark project, on the big data framework | True Technologist Ep 2 (itbusinessnet.com)
- SD Times news digest: Zephyr 6.2 announced, WhiteHat Sentinel Dynamic updated, and MapR’s Apache Spark courses (sdtimes.com)
- Sicherheit: Denial of Service in apache-pdfbox (pro-linux.de)
- Boeing Teams With PGZ On Polish Apache Offer (aviationweek.com)
- Democratizing Stream Processing with Apache Kafka® and KSQL – Part 2 (infoq.com)
Apache stock opened at $42.87 on Friday. The stock has a market cap of $16.80 billion, a P/E ratio of 178.63, a P/E/G ratio of 3.93 and a beta of 1.19. Apache has a 52 week low of $33.60 and a 52 week high of $49.59. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.36 and a quick ratio of 1.20.
Apache (NYSE:APA) last posted its quarterly earnings data on Wednesday, August 1st. The energy company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Apache had a return on equity of 5.21% and a net margin of 12.57%. sell-side analysts forecast that Apache will post 1.6 earnings per share for the current year.
APA has been the subject of several research reports. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday, July 12th. Stifel Nicolaus lifted their price target on Apache from $46.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, August 9th. Mitsubishi UFJ Financial Group lifted their price target on Apache to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 7th. Argus raised Apache from a “hold” rating to a “buy” rating and lifted their price target for the stock from $46.19 to $56.00 in a research note on Monday, June 11th. Finally, Mizuho initiated coverage on Apache in a research note on Monday, July 23rd. They set a “neutral” rating and a $55.00 price target for the company. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $45.11.
In related news, insider Stephen J. Riney acquired 6,300 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average price of $43.51 per share, for a total transaction of $274,113.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Also, VP Dominic Ricotta sold 3,480 shares of Apache stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $43.72, for a total value of $152,145.60. Following the sale, the vice president now owns 10,357 shares of the company’s stock, valued at approximately $452,808.04. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.
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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