Shares of Apache Co. (NYSE:APA) have earned an average recommendation of “Hold” from the twenty-four analysts that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.44.

Several brokerages have recently commented on APA. Stifel Nicolaus set a $29.00 price target on Apache and gave the stock a “hold” rating in a research note on Monday, August 12th. Wolfe Research raised Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Monday, May 20th. ValuEngine raised Apache from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Bank of America decreased their price target on Apache from $30.00 to $29.00 and set an “underperform” rating on the stock in a research note on Thursday, August 1st.

Shares of NYSE:APA traded down $0.15 during trading on Tuesday, hitting $21.75. 2,910,002 shares of the stock were exchanged, compared to its average volume of 4,619,313. The company has a fifty day moving average price of $24.12 and a two-hundred day moving average price of $29.99. The company has a market cap of $7.83 billion, a PE ratio of 12.29, a P/E/G ratio of 9.36 and a beta of 1.80. 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 has a 12-month low of $19.44 and a 12-month high of $50.03.

Apache (NYSE:APA) last announced its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. Equities research analysts anticipate that Apache will post 0.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Friday, July 19th. Apache’s payout ratio is currently 56.50%.

In other Apache news, EVP William Mark Meyer purchased 2,000 shares of Apache stock in a transaction on Friday, May 31st. The shares were bought at an average price of $25.92 per share, with a total value of $51,840.00. Following the purchase, the executive vice president now directly owns 2,919 shares in the company, valued at approximately $75,660.48. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John E. Lowe purchased 5,000 shares of Apache stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of $21.83 per share, for a total transaction of $109,150.00. Following the purchase, the director now owns 30,000 shares in the company, valued at $654,900. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 10,500 shares of company stock worth $256,400. 0.69% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Private Capital Group LLC purchased a new position in shares of Apache during the 2nd quarter worth $37,000. Signaturefd LLC lifted its stake in shares of Apache by 66.1% during the 1st quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock worth $44,000 after purchasing an additional 508 shares during the period. CSat Investment Advisory L.P. increased its holdings in shares of Apache by 152.8% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,909 shares of the energy company’s stock worth $56,000 after buying an additional 1,154 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of Apache by 4,074.7% during the 2nd quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock worth $91,000 after buying an additional 3,056 shares during the last quarter. Finally, Investors Research Corp acquired a new stake in shares of Apache during the 1st quarter worth $105,000. 95.41% of the stock is currently owned by institutional investors.

About Apache

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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