Apache Co. (NYSE:APA)’s share price traded up 5.7% on Friday . The stock traded as high as $44.77 and last traded at $44.22. 5,318,277 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 3,612,427 shares. The stock had previously closed at $41.83.

Several equities analysts have recently weighed in on the company. Scotiabank reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Apache in a research note on Tuesday, October 10th. Zacks Investment Research lowered Apache from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Jefferies Group reissued an “underperform” rating and set a $38.00 price target on shares of Apache in a research report on Tuesday, October 10th. Stifel Nicolaus set a $42.00 price target on Apache and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $55.00 price target on shares of Apache in a research report on Tuesday, November 7th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.06.

The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53.

Apache (NYSE:APA) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.09. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned ($0.03) EPS. Apache’s revenue for the quarter was down 3.5% compared to the same quarter last year. research analysts forecast that Apache Co. will post 0.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 20th. This represents a $1.00 annualized dividend and a yield of 2.26%. Apache’s dividend payout ratio is presently 57.47%.

In other Apache news, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $44.04, for a total transaction of $859,396.56. Following the sale, the insider now directly owns 37,469 shares in the company, valued at approximately $1,650,134.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Apache by 658.0% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock valued at $355,991,000 after acquiring an additional 6,447,400 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Apache by 58.0% in the 2nd quarter. Baillie Gifford & Co. now owns 12,429,930 shares of the energy company’s stock valued at $595,767,000 after acquiring an additional 4,561,430 shares during the last quarter. Harris Associates L P increased its holdings in shares of Apache by 14.3% in the 2nd quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock valued at $898,275,000 after acquiring an additional 2,343,985 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Apache in the 3rd quarter valued at approximately $93,596,000. Finally, Orbis Allan Gray Ltd increased its holdings in shares of Apache by 11.5% in the 2nd quarter. Orbis Allan Gray Ltd now owns 13,381,672 shares of the energy company’s stock valued at $641,384,000 after acquiring an additional 1,381,096 shares during the last quarter. Institutional investors own 94.30% of the company’s stock.

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Apache Company Profile

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

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