Media stories about Apache Corporation (NYSE:APA) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apache Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the energy company an impact score of 46.4681222784918 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Apache Corporation (APA) Downgraded by J P Morgan Chase & Co to Underweight (americanbankingnews.com)
- 0715 Trustee Sale (wmicentral.com)
- Apache Corporation (APA) & Its Peers Financial Review (americanbankingnews.com)
- The Apache Software Foundation (blogs.apache.org)
- HBJ announces 2017 Women Who Mean Business honorees (bizjournals.com)
Apache Corporation (NYSE APA) opened at 42.52 on Friday. Apache Corporation has a 12 month low of $38.14 and a 12 month high of $69.00. The firm’s market cap is $16.20 billion. The stock has a 50 day moving average of $41.94 and a 200-day moving average of $47.62.
Apache Corporation (NYSE:APA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company posted ($0.26) EPS. Equities research analysts predict that Apache Corporation will post $0.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s dividend payout ratio (DPR) is presently -4,997.50%.
Several brokerages recently issued reports on APA. J P Morgan Chase & Co lowered shares of Apache Corporation from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $46.00 to $38.00 in a report on Thursday. Jefferies Group LLC set a $35.00 price target on shares of Apache Corporation and gave the company a “sell” rating in a report on Tuesday, August 29th. Royal Bank Of Canada set a $55.00 price target on shares of Apache Corporation and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub lowered shares of Apache Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Finally, Citigroup Inc. decreased their price target on shares of Apache Corporation from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. Nine research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Apache Corporation currently has a consensus rating of “Hold” and an average target price of $53.16.
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In related news, Director John E. Lowe acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $40.32 per share, with a total value of $80,640.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at approximately $483,840. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John E. Lowe acquired 2,500 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were bought at an average cost of $44.90 per share, with a total value of $112,250.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. In the last three months, insiders have bought 5,500 shares of company stock valued at $235,094. Insiders own 0.48% of the company’s stock.
Apache Corporation 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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