Apache Corporation (APA) Given a $55.00 Price Target at Royal Bank Of Canada
Royal Bank Of Canada set a $55.00 target price on Apache Corporation (NYSE:APA) in a research report report published on Thursday morning. The firm currently has a hold rating on the energy company’s stock.
Several other research analysts have also recently issued reports on APA. Scotiabank restated a hold rating and issued a $58.00 target price on shares of Apache Corporation in a report on Monday, May 15th. BMO Capital Markets restated a hold rating and issued a $53.00 target price on shares of Apache Corporation in a report on Monday, May 15th. Bank of America Corporation restated a buy rating and issued a $57.00 target price (down previously from $60.00) on shares of Apache Corporation in a report on Thursday, May 11th. Jefferies Group LLC restated a sell rating and issued a $40.00 target price on shares of Apache Corporation in a report on Wednesday, May 17th. Finally, Zacks Investment Research upgraded shares of Apache Corporation from a sell rating to a hold rating in a report on Wednesday, May 10th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $56.26.
Apache Corporation (APA) opened at 40.06 on Thursday. Apache Corporation has a 12-month low of $39.04 and a 12-month high of $69.00. The stock’s market capitalization is $15.26 billion. The stock’s 50 day moving average is $45.27 and its 200 day moving average is $49.16. Apache Corporation also saw unusually large options trading activity on Friday. Traders bought 1,516 call options on the stock. This represents an increase of approximately 470% compared to the average daily volume of 266 call options.
Apache Corporation (NYSE:APA) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by $0.22. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm earned ($0.26) EPS. The company’s revenue was up .1% on a year-over-year basis. Equities analysts predict that Apache Corporation will post $0.06 earnings per share for the current fiscal year.
In other news, Director John E. Lowe acquired 2,500 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $449,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George D. Lawrence acquired 900 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $42.49 per share, with a total value of $38,241.00. Following the transaction, the director now owns 38,445 shares in the company, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 5,500 shares of company stock valued at $235,094. 0.48% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the company. Invictus RG purchased a new position in shares of Apache Corporation during the first quarter worth approximately $100,000. Thompson Davis & CO. Inc. increased its position in shares of Apache Corporation by 33.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,009 shares of the energy company’s stock worth $103,000 after buying an additional 506 shares during the last quarter. Hanson McClain Inc. purchased a new position in shares of Apache Corporation during the second quarter worth approximately $106,000. Parallel Advisors LLC increased its position in shares of Apache Corporation by 7.4% in the first quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock worth $114,000 after buying an additional 161 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of Apache Corporation during the first quarter worth approximately $135,000. Institutional investors own 95.04% of the company’s stock.
Apache Corporation Company Profile
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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