Apache Corporation (APA) Receiving Somewhat Favorable News Coverage, Analysis Shows

Press coverage about Apache Corporation (NYSE:APA) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apache Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 46.7720937211416 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of analysts have weighed in on APA shares. Royal Bank Of Canada restated a “hold” rating and set a $55.00 price objective on shares of Apache Corporation in a research note on Thursday, July 20th. Cowen and Company set a $50.00 price objective on shares of Apache Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Stifel Nicolaus started coverage on shares of Apache Corporation in a research note on Tuesday, July 4th. They set a “hold” rating and a $54.00 price objective for the company. Scotiabank set a $50.00 price objective on shares of Apache Corporation and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, BidaskClub upgraded shares of Apache Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Nine equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $50.00.

Shares of Apache Corporation (APA) opened at 45.17 on Monday. The stock has a 50 day moving average of $42.06 and a 200-day moving average of $46.92. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The company’s market capitalization is $17.21 billion.

Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the company posted ($0.26) EPS. Apache Corporation’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Apache Corporation will post $0.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a yield of 2.21%. Apache Corporation’s dividend payout ratio (DPR) is presently -4,997.50%.

In other Apache Corporation news, Director John E. Lowe purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $40.32 per share, for a total transaction of $80,640.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at $483,840. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John E. Lowe purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $449,000. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 5,500 shares of company stock worth $235,094. 0.48% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Apache Corporation (NYSE:APA)

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