Apache (NYSE:APA) Shares Down 2.3%

Apache Co. (NYSE:APA) shares traded down 2.3% during trading on Wednesday . The stock traded as low as $25.75 and last traded at $25.42, 2,481,280 shares traded hands during mid-day trading. A decline of 44% from the average session volume of 4,432,480 shares. The stock had previously closed at $26.02.

Several research analysts recently commented on the stock. Citigroup dropped their target price on shares of Apache from $35.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, August 26th. TheStreet lowered shares of Apache from a “c-” rating to a “d+” rating in a research report on Tuesday, September 3rd. Wolfe Research upgraded shares of Apache from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 3rd. MKM Partners started coverage on shares of Apache in a research report on Monday. They issued a “neutral” rating and a $26.00 price target on the stock. Finally, ValuEngine upgraded shares of Apache from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. Apache has a consensus rating of “Hold” and an average price target of $35.11.

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.03 and a current ratio of 1.23. The firm’s 50-day moving average price is $22.46 and its two-hundred day moving average price is $28.66. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 16.97 and a beta of 1.84.

Apache (NYSE:APA) last issued its earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Apache had a negative net margin of 10.12% and a positive return on equity of 5.12%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. As a group, equities research analysts anticipate that Apache Co. will post 0.24 EPS for the current year.

The firm also recently announced a — dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, October 21st. This represents a dividend yield of 4.1%. Apache’s dividend payout ratio (DPR) is currently 56.50%.

In other Apache news, Director John E. Lowe bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $21.83 per share, for a total transaction of $109,150.00. Following the transaction, the director now owns 30,000 shares in the company, valued at $654,900. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Private Capital Group LLC acquired a new position in Apache in the second quarter valued at about $37,000. Signaturefd LLC boosted its position in Apache by 66.1% in the first quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock valued at $44,000 after buying an additional 508 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in Apache by 152.8% in the second quarter. CSat Investment Advisory L.P. now owns 1,909 shares of the energy company’s stock valued at $56,000 after buying an additional 1,154 shares in the last quarter. NEXT Financial Group Inc boosted its position in Apache by 4,074.7% in the second quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock valued at $91,000 after buying an additional 3,056 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in Apache in the second quarter valued at about $123,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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