John E. Lowe Acquires 2,132 Shares of Apache Corp. (APA) Stock
Apache Corp. (NYSE:APA) Director John E. Lowe bought 2,132 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was bought at an average price of $57.65 per share, for a total transaction of $122,909.80. Following the purchase, the director now owns 7,500 shares in the company, valued at approximately $432,375. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Apache Corp. (NYSE:APA) opened at 58.32 on Friday. The stock’s 50 day moving average is $61.31 and its 200-day moving average is $56.22. The company’s market cap is $22.13 billion. Apache Corp. has a 12-month low of $32.20 and a 12-month high of $66.00.
Apache Corp. (NYSE:APA) last released its quarterly earnings results on Thursday, November 3rd. The energy company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.13. The company earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Apache Corp. had a negative net margin of 166.56% and a negative return on equity of 4.70%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Analysts predict that Apache Corp. will post ($1.02) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, October 19th. Apache Corp.’s dividend payout ratio (DPR) is presently -4.42%.
Several equities research analysts recently weighed in on the stock. Jefferies Group reiterated a “sell” rating on shares of Apache Corp. in a research note on Thursday, August 4th. Barclays PLC increased their price objective on shares of Apache Corp. from $50.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 13th. Morgan Stanley reiterated a “hold” rating and set a $69.00 price objective on shares of Apache Corp. in a research note on Monday, September 26th. Vetr upgraded shares of Apache Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, August 10th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $67.00 target price on shares of Apache Corp. in a research report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.78.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd bought a new position in Apache Corp. during the first quarter valued at $746,349,000. FIL Ltd bought a new position in Apache Corp. during the second quarter valued at $227,262,000. Gilder Gagnon Howe & Co. LLC bought a new position in Apache Corp. during the third quarter valued at $124,773,000. Vanguard Group Inc. boosted its position in Apache Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 24,605,166 shares of the energy company’s stock valued at $1,369,769,000 after buying an additional 1,199,481 shares during the period. Finally, Villere ST Denis J & Co. LLC bought a new position in Apache Corp. during the third quarter valued at $73,163,000. Institutional investors own 91.65% of the company’s stock.
About Apache Corp.
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
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