Apache’s (APA) “Sell” Rating Reaffirmed at Barclays

Apache (NYSE:APA)‘s stock had its “sell” rating reiterated by investment analysts at Barclays in a research report issued to clients and investors on Sunday. They presently have a $32.00 price target on the energy company’s stock. Barclays’ price target would suggest a potential downside of 25.43% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Morgan Stanley increased their target price on shares of Apache from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Scotiabank set a $49.00 target price on shares of Apache and gave the stock a “hold” rating in a report on Monday, November 13th. BMO Capital Markets reiterated a “hold” rating and set a $42.00 target price on shares of Apache in a report on Tuesday, November 7th. Royal Bank of Canada reiterated a “hold” rating and set a $55.00 target price on shares of Apache in a report on Tuesday, November 7th. Finally, Stifel Nicolaus set a $42.00 target price on shares of Apache and gave the stock a “hold” rating in a report on Thursday, October 5th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Apache presently has a consensus rating of “Hold” and a consensus target price of $45.94.

Shares of Apache (APA) opened at $42.91 on Friday. The stock has a market cap of $16,498.63, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 77.34 and a beta of 1.05. Apache has a fifty-two week low of $38.14 and a fifty-two week high of $66.98. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.

Apache (NYSE:APA) last released 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) EPS. equities analysts predict that Apache will post 0.08 earnings per share for the current year.

In other Apache news, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the transaction, the insider now directly owns 37,469 shares of the company’s stock, valued at approximately $1,650,134.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Lowe acquired 3,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were acquired at an average cost of $40.02 per share, for a total transaction of $120,060.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $600,300. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Apache in the 3rd quarter worth $134,000. EagleClaw Capital Managment LLC lifted its stake in shares of Apache by 5.6% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 44,610 shares of the energy company’s stock worth $2,040,000 after acquiring an additional 2,377 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Apache in the 3rd quarter worth $987,000. Security National Bank of Sioux City Iowa IA lifted its stake in shares of Apache by 8.3% in the 3rd quarter. Security National Bank of Sioux City Iowa IA now owns 27,397 shares of the energy company’s stock worth $1,255,000 after acquiring an additional 2,103 shares during the period. Finally, Marco Investment Management LLC lifted its stake in shares of Apache by 23.4% in the 3rd quarter. Marco Investment Management LLC now owns 153,130 shares of the energy company’s stock worth $7,013,000 after acquiring an additional 29,055 shares during the period. 94.56% of the stock is currently owned by institutional investors.

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Apache 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.

Analyst Recommendations for Apache (NYSE:APA)

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