Apache Corporation (NYSE:APA) has been assigned a $49.00 price objective by research analysts at Scotiabank in a report released on Monday. The firm currently has a “hold” rating on the energy company’s stock. Scotiabank’s price target indicates a potential upside of 12.67% from the company’s previous close.
A number of other equities analysts have also recently issued reports on APA. Bank of America Corporation lifted their target price on Apache Corporation from $41.00 to $42.00 and gave the stock an “underperform” rating in a report on Monday, November 6th. Citigroup Inc. lowered their price target on Apache Corporation from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. BidaskClub downgraded Apache Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $55.00 price target on shares of Apache Corporation in a report on Tuesday, November 7th. Finally, BMO Capital Markets set a $45.00 price target on Apache Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $47.82.
Apache Corporation (NYSE:APA) opened at $43.49 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00.
Apache Corporation (NYSE:APA) last issued its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.09. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) EPS. research analysts predict that Apache Corporation will post -0.01 EPS for the current year.
In related news, Director John E. Lowe purchased 2,000 shares of Apache Corporation stock in a transaction on Thursday, August 17th. The stock was bought at an average price of $40.32 per share, with a total value of $80,640.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at $483,840. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the business. Ray Gerald L & Associates Ltd. lifted its position in shares of Apache Corporation by 0.4% in the second quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock worth $618,000 after buying an additional 50 shares during the last quarter. Tdam USA Inc. lifted its position in shares of Apache Corporation by 0.5% in the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock worth $495,000 after buying an additional 55 shares during the last quarter. Huntington National Bank lifted its position in shares of Apache Corporation by 1.1% in the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock worth $261,000 after buying an additional 58 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Apache Corporation by 1.5% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 6,024 shares of the energy company’s stock worth $290,000 after buying an additional 87 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of Apache Corporation by 2.0% in the second quarter. Wesbanco Bank Inc. now owns 5,041 shares of the energy company’s stock worth $242,000 after buying an additional 100 shares during the last quarter. 94.98% of the stock is owned by institutional investors.
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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