Apache Corporation (NYSE:APA) has been given a $45.00 price target by stock analysts at BMO Capital Markets in a research note issued on Thursday. The brokerage currently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ target price would indicate a potential downside of 0.49% from the company’s current price.
A number of other analysts have also weighed in on APA. Scotiabank set a $50.00 target price on shares of Apache Corporation and gave the stock a “hold” rating in a report on Saturday, July 1st. Citigroup Inc. dropped their target price on shares of Apache Corporation from $58.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, July 21st. BidaskClub upgraded shares of Apache Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Royal Bank Of Canada restated a “hold” rating and issued a $55.00 price objective on shares of Apache Corporation in a report on Thursday, July 20th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Apache Corporation in a report on Friday, July 7th. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Apache Corporation presently has an average rating of “Hold” and an average price target of $56.39.
Apache Corporation (NYSE:APA) opened at 45.22 on Thursday. Apache Corporation has a 52-week low of $43.61 and a 52-week high of $69.00. The company’s market capitalization is $17.20 billion. The stock has a 50 day moving average price of $47.96 and a 200 day moving average price of $51.36.
Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.22. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Apache Corporation had a negative return on equity of 1.27% and a negative net margin of 13.34%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.26) earnings per share. Equities research analysts forecast that Apache Corporation will post $0.38 earnings per share for the current year.
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In other news, Director Rene R. Joyce purchased 10,000 shares of Apache Corporation stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average price of $51.38 per share, with a total value of $513,800.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $513,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Cadence Capital Management LLC purchased a new stake in shares of Apache Corporation during the second quarter valued at $1,621,000. Sicart Associates LLC increased its stake in shares of Apache Corporation by 3.4% in the second quarter. Sicart Associates LLC now owns 68,565 shares of the energy company’s stock valued at $3,286,000 after buying an additional 2,250 shares during the period. Investment Management of Virginia LLC increased its stake in shares of Apache Corporation by 1.6% in the second quarter. Investment Management of Virginia LLC now owns 98,266 shares of the energy company’s stock valued at $4,710,000 after buying an additional 1,580 shares during the period. Jennison Associates LLC increased its stake in shares of Apache Corporation by 330.4% in the second quarter. Jennison Associates LLC now owns 66,809 shares of the energy company’s stock valued at $3,202,000 after buying an additional 51,286 shares during the period. Finally, BB&T Securities LLC increased its stake in shares of Apache Corporation by 29.5% in the second quarter. BB&T Securities LLC now owns 28,779 shares of the energy company’s stock valued at $1,379,000 after buying an additional 6,555 shares during the period. 94.38% of the stock is owned by institutional investors.
Apache Corporation Company Profile
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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