Apache (APA) Getting Somewhat Positive News Coverage, Report Finds
News stories about Apache (NYSE:APA) have been trending somewhat positive on Friday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apache earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned press coverage about the energy company an impact score of 53 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
- Apache Corporation : Post Earnings Coverage as Apache Returned to Profitability; Revenue Soared 74% (4-traders.com)
- Apache County explores statewide broadband initiative (wmicentral.com)
- Jefferies Group Weighs in on Apache Co.’s Q3 2017 Earnings (APA) (americanbankingnews.com)
- Apache Co. (APA) to Post Q2 2017 Earnings of $0.10 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
Shares of Apache (NYSE:APA) traded up 1.304% during trading on Friday, reaching $50.571. 770,768 shares of the company’s stock were exchanged. The firm’s market cap is $19.24 billion. Apache has a 12 month low of $46.09 and a 12 month high of $69.00. The stock has a 50-day moving average price of $50.68 and a 200 day moving average price of $57.02.
Apache (NYSE:APA) last posted its quarterly earnings results on Thursday, May 4th. The energy company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. Apache had a negative return on equity of 4.70% and a negative net margin of 166.56%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm posted ($0.40) earnings per share. On average, analysts forecast that Apache will post $1.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Friday, July 21st will be issued a $0.25 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.00%. Apache’s dividend payout ratio is presently -4.42%.
APA has been the topic of several research reports. Zacks Investment Research upgraded shares of Apache from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Thursday, February 2nd. KLR Group reiterated a “buy” rating and issued a $79.00 target price on shares of Apache in a research note on Monday, March 20th. Bank of America Corp reiterated a “buy” rating and issued a $57.00 target price (down previously from $60.00) on shares of Apache in a research note on Thursday, May 11th. Stifel Nicolaus began coverage on shares of Apache in a research note on Friday, April 7th. They issued a “hold” rating and a $54.00 target price for the company. Finally, Scotiabank set a $58.00 target price on shares of Apache and gave the stock a “hold” rating in a research note on Monday, March 27th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Apache has a consensus rating of “Hold” and a consensus price target of $60.00.
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In other Apache news, Director Rene R. Joyce purchased 10,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average cost of $51.38 per share, with a total value of $513,800.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $513,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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