Shares of Apache Co. (NYSE:APA) have been assigned an average rating of “Hold” from the twenty-four analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $33.68.

Several equities analysts have issued reports on the company. Seaport Global Securities reissued a “neutral” rating on shares of Apache in a research note on Friday, June 21st. SunTrust Banks assumed coverage on Apache in a research note on Monday, September 23rd. They issued a “buy” rating and a $32.00 price target on the stock. Stifel Nicolaus set a $29.00 price target on Apache and gave the company a “hold” rating in a research note on Monday, August 12th. MKM Partners assumed coverage on Apache in a research note on Monday, September 16th. They issued a “neutral” rating and a $26.00 price target on the stock. Finally, Mitsubishi UFJ Financial Group reissued a “neutral” rating and issued a $28.00 price target (down from $39.00) on shares of Apache in a research note on Tuesday.

In other news, Director John E. Lowe bought 5,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost 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 $654,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Apache by 18.3% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,133 shares of the energy company’s stock worth $1,800,000 after purchasing an additional 9,630 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Apache by 196.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 192,634 shares of the energy company’s stock worth $5,581,000 after purchasing an additional 127,700 shares during the period. Morgan Stanley raised its position in shares of Apache by 21.4% during the second quarter. Morgan Stanley now owns 696,940 shares of the energy company’s stock worth $20,190,000 after purchasing an additional 122,628 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Apache by 569.2% during the first quarter. Envestnet Asset Management Inc. now owns 268,390 shares of the energy company’s stock worth $9,302,000 after purchasing an additional 228,284 shares during the period. Finally, Carlson Capital L P acquired a new position in shares of Apache during the second quarter worth approximately $15,919,000. 95.31% of the stock is currently owned by institutional investors.

APA stock traded up $0.28 during trading on Wednesday, hitting $20.53. The company had a trading volume of 4,819,796 shares, compared to its average volume of 4,794,497. The business has a 50-day moving average of $23.31 and a 200-day moving average of $27.68. Apache has a one year low of $19.44 and a one year high of $49.17. The stock has a market cap of $8.33 billion, a PE ratio of 11.60, a PEG ratio of 14.21 and a beta of 1.86. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 1.00.

Apache (NYSE:APA) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Research analysts forecast that Apache will post 0.26 EPS for the current year.

The company also recently announced a — dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.25 per share. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, October 21st. Apache’s payout ratio is 56.50%.

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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Analyst Recommendations for Apache (NYSE:APA)

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