Apache (APA) Trading Up 5.1%

Apache Co. (NYSE:APA) shares were up 5.1% during trading on Wednesday . The stock traded as high as $30.93 and last traded at $30.86. Approximately 6,869,154 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 4,853,509 shares. The stock had previously closed at $29.36.

Several research analysts recently commented on APA shares. Zacks Investment Research upgraded shares of Apache from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, September 27th. Piper Jaffray Companies restated a “hold” rating and set a $55.00 price objective on shares of Apache in a report on Tuesday, November 27th. Scotiabank restated a “hold” rating and set a $55.00 price objective on shares of Apache in a report on Thursday, September 27th. Stephens started coverage on shares of Apache in a report on Monday, September 17th. They set an “overweight” rating and a $52.00 price objective on the stock. Finally, ValuEngine downgraded shares of Apache from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $43.64.

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.10 and a current ratio of 1.26. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 129.00, a PEG ratio of 3.77 and a beta of 1.53.

Apache (NYSE:APA) last issued its earnings results on Wednesday, October 31st. The energy company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.16. Apache had a net margin of 12.11% and a return on equity of 7.71%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the business earned $0.04 EPS. The firm’s revenue was up 25.9% on a year-over-year basis. Equities research analysts expect that Apache Co. will post 1.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Tuesday, January 22nd will be given a $0.25 dividend. The ex-dividend date is Friday, January 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.23%. Apache’s dividend payout ratio (DPR) is presently 416.67%.

A number of large investors have recently added to or reduced their stakes in APA. Zions Bancorporation acquired a new position in shares of Apache during the third quarter worth approximately $103,000. Field & Main Bank acquired a new position in shares of Apache during the third quarter worth approximately $120,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Apache during the third quarter worth approximately $205,000. Rand Wealth LLC acquired a new position in shares of Apache during the third quarter worth approximately $209,000. Finally, Mutual Advisors LLC acquired a new position in shares of Apache during the second quarter worth approximately $208,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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About Apache (NYSE:APA)

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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