Apache Co. (NYSE:APA) gapped down before the market opened on Friday . The stock had previously closed at $21.99, but opened at $21.46. Apache shares last traded at $20.69, with a volume of 7,435,059 shares changing hands.

A number of research analysts recently issued reports on APA shares. Stifel Nicolaus set a $29.00 target price on shares of Apache and gave the company a “hold” rating in a research report on Monday, August 12th. Morgan Stanley decreased their target price on shares of Apache from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. Seaport Global Securities restated a “neutral” rating on shares of Apache in a research report on Friday, June 21st. Zacks Investment Research upgraded shares of Apache from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, May 20th. Finally, Bank of America decreased their target price on shares of Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a research report on Thursday, August 1st. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $36.33.

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.03. The business’s fifty day simple moving average is $23.76 and its two-hundred day simple moving average is $29.82. The company has a market cap of $7.91 billion, a PE ratio of 11.69, a PEG ratio of 9.77 and a beta of 1.80.

Apache (NYSE:APA) last released its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Apache had a negative net margin of 10.12% and a positive return on equity of 5.12%. As a group, analysts predict that Apache Co. will post 0.37 EPS for the current year.

In other news, EVP William Mark Meyer purchased 2,000 shares of the stock in a transaction dated Friday, May 31st. The shares were purchased at an average cost of $25.92 per share, with a total value of $51,840.00. Following the completion of the purchase, the executive vice president now directly owns 2,919 shares of the company’s stock, valued at approximately $75,660.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John E. Lowe purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of $21.83 per share, with a total value of $109,150.00. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $654,900. The disclosure for this purchase can be found here. Company insiders own 0.69% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Private Capital Group LLC acquired a new position in Apache during the second quarter worth about $37,000. Signaturefd LLC boosted its position in Apache by 66.1% during the first quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock worth $44,000 after acquiring an additional 508 shares during the last quarter. CSat Investment Advisory L.P. boosted its position in Apache by 152.8% during the second quarter. CSat Investment Advisory L.P. now owns 1,909 shares of the energy company’s stock worth $56,000 after acquiring an additional 1,154 shares during the last quarter. Investors Research Corp acquired a new position in Apache during the first quarter worth about $105,000. Finally, NEXT Financial Group Inc boosted its position in Apache by 4,074.7% during the second quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock worth $91,000 after acquiring an additional 3,056 shares during the last quarter. 95.41% of the stock is currently owned by institutional investors.

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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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