Apache Co. (NYSE:APA) traded up 5.1% during trading on Wednesday . The stock traded as high as $30.93 and last traded at $30.86. 6,869,154 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 4,853,509 shares. The stock had previously closed at $29.36.

Several equities research analysts have commented on the stock. ValuEngine lowered shares of Apache from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered shares of Apache from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Royal Bank of Canada reiterated a “hold” rating and set a $39.00 price objective on shares of Apache in a research note on Monday. Piper Jaffray Companies reiterated a “hold” rating and set a $35.00 price objective on shares of Apache in a research note on Wednesday. Finally, BMO Capital Markets reiterated a “hold” rating and set a $37.00 price objective on shares of Apache in a research note on Tuesday, November 13th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.64.

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.10 and a current ratio of 1.26. The stock has a market capitalization of $11.71 billion, a PE ratio of 129.00, a P/E/G ratio of 3.77 and a beta of 1.53.

Apache (NYSE:APA) last posted its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.89 billion. Apache had a net margin of 12.11% and a return on equity of 7.71%. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share. As a group, research analysts forecast that Apache Co. will post 1.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Tuesday, January 22nd will be given a $0.25 dividend. The ex-dividend date is Friday, January 18th. This represents a $1.00 annualized dividend and a yield of 3.23%. Apache’s dividend payout ratio (DPR) is 416.67%.

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its stake in Apache by 16.6% in the 4th quarter. State of Alaska Department of Revenue now owns 99,158 shares of the energy company’s stock worth $2,601,000 after purchasing an additional 14,095 shares during the period. Packer & Co Ltd boosted its stake in Apache by 127.4% in the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the energy company’s stock worth $14,312,000 after purchasing an additional 694,600 shares during the period. Park National Corp OH boosted its stake in Apache by 100.0% in the 4th quarter. Park National Corp OH now owns 42,841 shares of the energy company’s stock worth $1,124,000 after purchasing an additional 21,421 shares during the period. Belpointe Asset Management LLC boosted its stake in Apache by 6.7% in the 3rd quarter. Belpointe Asset Management LLC now owns 7,605 shares of the energy company’s stock worth $363,000 after purchasing an additional 475 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Apache by 62.6% in the 3rd quarter. Clearbridge Investments LLC now owns 2,481,181 shares of the energy company’s stock worth $118,278,000 after purchasing an additional 955,266 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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About Apache (NYSE:APA)

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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