Apache Co. (NYSE:APA) – Stock analysts at Seaport Global Securities lifted their Q1 2019 earnings per share estimates for Apache in a research note issued to investors on Wednesday, February 20th. Seaport Global Securities analyst J. Aschenbeck now expects that the energy company will earn $0.18 per share for the quarter, up from their prior forecast of $0.17. Seaport Global Securities currently has a “Hold” rating on the stock. Seaport Global Securities also issued estimates for Apache’s Q2 2020 earnings at $0.31 EPS, Q4 2020 earnings at $0.42 EPS and FY2020 earnings at $1.40 EPS.
Several other research analysts have also recently issued reports on APA. Raymond James reissued a “buy” rating and issued a $65.00 target price on shares of Apache in a research report on Thursday, November 1st. Stifel Nicolaus set a $53.00 price objective on Apache and gave the stock a “hold” rating in a research note on Thursday, November 1st. Stephens set a $55.00 price objective on Apache and gave the stock a “buy” rating in a research note on Thursday, November 1st. Macquarie raised Apache from an “underperform” rating to a “neutral” rating and set a $37.00 price objective on the stock in a research note on Friday, November 2nd. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Apache in a research note on Monday, November 5th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Apache currently has an average rating of “Hold” and an average target price of $42.35.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, April 18th. Apache’s dividend payout ratio (DPR) is presently 416.67%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new stake in Apache during the 4th quarter valued at approximately $278,000. Pathlight Investors LLC bought a new stake in Apache during the 4th quarter valued at approximately $202,000. Millennium Management LLC raised its stake in Apache by 12.5% during the 4th quarter. Millennium Management LLC now owns 100,113 shares of the energy company’s stock valued at $2,628,000 after purchasing an additional 11,141 shares during the period. River & Mercantile Asset Management LLP raised its stake in Apache by 11.5% during the 4th quarter. River & Mercantile Asset Management LLP now owns 236,885 shares of the energy company’s stock valued at $6,217,000 after purchasing an additional 24,490 shares during the period. Finally, National Pension Service raised its stake in Apache by 4.7% during the 4th quarter. National Pension Service now owns 435,116 shares of the energy company’s stock valued at $14,215,000 after purchasing an additional 19,514 shares during the period. 95.30% of the stock is currently owned by institutional investors.
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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