Apache Co. (NYSE:APA) – Stock analysts at Capital One Financial decreased their Q2 2019 earnings per share (EPS) estimates for shares of Apache in a note issued to investors on Thursday, June 6th. Capital One Financial analyst R. Tullis now anticipates that the energy company will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.33. Capital One Financial also issued estimates for Apache’s Q3 2019 earnings at $0.19 EPS and Q4 2019 earnings at $0.28 EPS.
A number of other brokerages have also issued reports on APA. Zacks Investment Research upgraded shares of Apache from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, April 9th. BMO Capital Markets raised their target price on shares of Apache from $30.00 to $36.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Credit Suisse Group raised their target price on shares of Apache from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. Citigroup raised their target price on shares of Apache from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Finally, Wolfe Research upgraded shares of Apache from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 3rd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $41.55.
Shares of APA opened at $28.95 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 1.05. The company has a market cap of $10.84 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 4.56 and a beta of 1.79. Apache has a 12-month low of $24.56 and a 12-month high of $50.03.
Apache (NYSE:APA) last announced its earnings results on Wednesday, May 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Apache had a negative net margin of 2.08% and a positive return on equity of 6.71%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share.
The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. Apache’s dividend payout ratio (DPR) is 56.50%.
In related news, Director Juliet S. Ellis bought 3,500 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were bought at an average cost of $27.26 per share, for a total transaction of $95,410.00. Following the transaction, the director now owns 3,500 shares of the company’s stock, valued at $95,410. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William Mark Meyer bought 2,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were bought at an average price of $25.92 per share, for a total transaction of $51,840.00. Following the completion of the transaction, the executive vice president now directly owns 2,919 shares in the company, valued at approximately $75,660.48. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 10,500 shares of company stock worth $298,500. 0.69% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of APA. Rockefeller Capital Management L.P. boosted its position in shares of Apache by 357.6% during the 1st quarter. Rockefeller Capital Management L.P. now owns 787 shares of the energy company’s stock worth $27,000 after purchasing an additional 615 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Apache during the 4th quarter worth $29,000. Truehand Inc purchased a new stake in shares of Apache during the 4th quarter worth $38,000. Cresset Asset Management LLC purchased a new stake in shares of Apache during the 1st quarter worth $39,000. Finally, Rational Advisors LLC boosted its position in shares of Apache by 12,875.0% during the 4th quarter. Rational Advisors LLC now owns 1,557 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,545 shares in the last quarter. Institutional investors own 96.49% of the company’s stock.
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.
Featured Article: Diversification
Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.