Apache (NYSE:APA) Stock Rating Lowered by ValuEngine
A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets restated a buy rating on shares of Brookfield Asset Management in a report on Friday, April 5th. Wolfe Research raised Apache from an underperform rating to a peer perform rating in a research report on Monday, June 3rd. Morgan Stanley set a $23.00 price target on Cabot Oil & Gas and gave the stock a hold rating in a research report on Monday, June 24th. Zacks Investment Research lowered GreenTree Hospitality Group from a buy rating to a hold rating in a research report on Monday, May 20th. Finally, Seaport Global Securities reaffirmed a buy rating on shares of W&T Offshore in a research report on Friday, June 21st. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. Apache presently has a consensus rating of Hold and an average price target of $40.48.
Shares of APA opened at $26.74 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 1.05. Apache has a 1 year low of $24.56 and a 1 year high of $50.03. The company has a market capitalization of $10.47 billion, a PE ratio of 15.11, a P/E/G ratio of 4.53 and a beta of 1.79. The stock’s 50-day moving average is $27.92.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, July 19th. Apache’s dividend payout ratio is presently 56.50%.
In related news, EVP William Mark Meyer purchased 2,000 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $25.92 per share, with a total value of $51,840.00. Following the transaction, the executive vice president now directly owns 2,919 shares of the company’s stock, valued at $75,660.48. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John E. Lowe purchased 5,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $30.25 per share, for a total transaction of $151,250.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $756,250. The disclosure for this purchase can be found here. In the last three months, insiders purchased 10,500 shares of company stock worth $298,500. 0.69% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the business. Harris Associates L P boosted its stake in shares of Apache by 5.8% during the 4th quarter. Harris Associates L P now owns 19,644,841 shares of the energy company’s stock worth $515,678,000 after acquiring an additional 1,075,776 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Apache by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,491,208 shares of the energy company’s stock worth $144,156,000 after acquiring an additional 945,212 shares during the period. Geode Capital Management LLC boosted its stake in shares of Apache by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 4,866,739 shares of the energy company’s stock worth $127,525,000 after acquiring an additional 340,044 shares during the period. Northern Trust Corp boosted its stake in shares of Apache by 3.8% during the 4th quarter. Northern Trust Corp now owns 4,852,843 shares of the energy company’s stock worth $127,387,000 after acquiring an additional 176,822 shares during the period. Finally, Norges Bank bought a new position in shares of Apache during the 4th quarter worth approximately $103,822,000. 96.46% of the stock is currently owned by hedge funds and other institutional investors.
Apache Company Profile
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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