James L. House Sells 8,000 Shares of Apache Corp. (APA) Stock
Apache Corp. (NYSE:APA) insider James L. House sold 8,000 shares of Apache Corp. stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $63.38, for a total value of $507,040.00. Following the completion of the sale, the insider now directly owns 2,057 shares in the company, valued at approximately $130,372.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Apache Corp. (NYSE:APA) traded down 2.37% during mid-day trading on Monday, reaching $61.35. The company’s stock had a trading volume of 4,019,099 shares. Apache Corp. has a one year low of $32.20 and a one year high of $66.00. The firm’s market cap is $23.28 billion. The stock’s 50 day moving average is $61.05 and its 200 day moving average is $56.78.
Apache Corp. (NYSE:APA) last released its earnings results on Thursday, November 3rd. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.13. The firm earned $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. Apache Corp. had a negative return on equity of 4.70% and a negative net margin of 166.56%. Apache Corp.’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. On average, analysts anticipate that Apache Corp. will post ($1.00) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Friday, October 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, October 19th. Apache Corp.’s dividend payout ratio is presently -4.42%.
A number of hedge funds have recently bought and sold shares of the stock. Private Wealth Advisors Inc. boosted its stake in Apache Corp. by 0.5% in the third quarter. Private Wealth Advisors Inc. now owns 4,856 shares of the energy company’s stock worth $310,000 after buying an additional 22 shares in the last quarter. Hartford Financial Management Inc. boosted its stake in Apache Corp. by 0.4% in the second quarter. Hartford Financial Management Inc. now owns 8,936 shares of the energy company’s stock worth $497,000 after buying an additional 35 shares in the last quarter. Zions Bancorporation boosted its stake in Apache Corp. by 2.1% in the second quarter. Zions Bancorporation now owns 2,382 shares of the energy company’s stock worth $132,000 after buying an additional 50 shares in the last quarter. M&R Capital Management Inc. boosted its stake in Apache Corp. by 0.7% in the second quarter. M&R Capital Management Inc. now owns 7,607 shares of the energy company’s stock worth $423,000 after buying an additional 55 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in Apache Corp. by 0.8% in the third quarter. HM Payson & Co. now owns 7,718 shares of the energy company’s stock worth $493,000 after buying an additional 59 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.
A number of equities analysts have recently commented on APA shares. Credit Suisse Group AG reiterated a “hold” rating and issued a $67.00 target price on shares of Apache Corp. in a report on Monday, September 12th. Citigroup Inc. cut Apache Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $53.00 in a report on Tuesday, August 9th. They noted that the move was a valuation call. Vetr upgraded Apache Corp. from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a report on Monday, August 29th. Jefferies Group reiterated a “sell” rating on shares of Apache Corp. in a report on Thursday, August 11th. Finally, Zacks Investment Research cut Apache Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $58.83.
Apache Corp. Company Profile
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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