Apache Corporation (NYSE:APA) received a $45.00 price target from stock analysts at BMO Capital Markets in a report released on Thursday, August 3rd. The firm presently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 8.33% from the company’s current price.
A number of other research firms also recently commented on APA. Zacks Investment Research raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. ValuEngine downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Stifel Nicolaus initiated coverage on shares of Apache Corporation in a research report on Friday, April 7th. They issued a “hold” rating and a $54.00 target price on the stock. Scotiabank reaffirmed a “hold” rating and issued a $58.00 target price on shares of Apache Corporation in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $64.00 target price on shares of Apache Corporation in a research report on Friday, June 16th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. Apache Corporation has a consensus rating of “Hold” and a consensus target price of $56.26.
Shares of Apache Corporation (NYSE:APA) opened at 41.54 on Thursday. Apache Corporation has a one year low of $41.00 and a one year high of $69.00. The stock’s 50 day moving average is $46.88 and its 200-day moving average is $50.11. The stock’s market capitalization is $15.82 billion.
Apache Corporation (NYSE:APA) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.22. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business earned ($0.26) earnings per share. On average, equities research analysts predict that Apache Corporation will post $0.12 EPS for the current fiscal year.
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In other Apache Corporation news, Director John E. Lowe bought 2,500 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $449,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George D. Lawrence bought 900 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $42.49 per share, with a total value of $38,241.00. Following the transaction, the director now owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in APA. Pinnacle Bank acquired a new position in shares of Apache Corporation during the first quarter worth about $100,000. Invictus RG acquired a new position in shares of Apache Corporation during the first quarter worth about $100,000. Thompson Davis & CO. Inc. boosted its position in shares of Apache Corporation by 33.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,009 shares of the energy company’s stock worth $103,000 after buying an additional 506 shares during the last quarter. Hanson McClain Inc. acquired a new position in shares of Apache Corporation during the second quarter worth about $106,000. Finally, Parallel Advisors LLC boosted its position in shares of Apache Corporation by 7.4% in the first quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock worth $114,000 after buying an additional 161 shares during the last quarter. Institutional investors own 93.72% of the company’s stock.
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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