Apache Corporation (APA) Given a $42.00 Price Target by Stifel Nicolaus Analysts
Apache Corporation (NYSE:APA) has been given a $42.00 price target by stock analysts at Stifel Nicolaus in a research note issued on Thursday. The firm currently has a “hold” rating on the energy company’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 7.02% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Scotiabank set a $50.00 target price on Apache Corporation and gave the company a “hold” rating in a research note on Saturday, July 1st. BidaskClub raised Apache Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $45.00 target price on Apache Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $64.00 price target on shares of Apache Corporation in a research report on Friday, June 16th. Finally, Cowen and Company set a $50.00 price target on Apache Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. Nine equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Apache Corporation presently has an average rating of “Hold” and an average target price of $50.00.
Shares of Apache Corporation (APA) opened at 45.17 on Thursday. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The stock has a 50 day moving average price of $42.06 and a 200 day moving average price of $46.92. The firm’s market cap is $17.21 billion.
Apache Corporation (NYSE:APA) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted ($0.26) EPS. The company’s revenue was up .1% on a year-over-year basis. Equities analysts expect that Apache Corporation will post $0.03 earnings per share for the current year.
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In other news, Director John E. Lowe bought 2,000 shares of Apache Corporation stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $40.32 per share, for a total transaction of $80,640.00. Following the acquisition, the director now owns 12,000 shares of the company’s stock, valued at $483,840. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John E. Lowe bought 2,500 shares of Apache Corporation stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,500 shares of company stock worth $235,094 in the last quarter. Company insiders own 0.48% of the company’s stock.
Several hedge funds have recently bought and sold shares of APA. BlackRock Inc. grew its holdings in shares of Apache Corporation by 3,551.6% during the 1st quarter. BlackRock Inc. now owns 29,003,850 shares of the energy company’s stock worth $1,490,509,000 after acquiring an additional 28,209,565 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Apache Corporation by 658.0% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock worth $355,991,000 after acquiring an additional 6,447,400 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Apache Corporation by 58.0% during the 2nd quarter. Baillie Gifford & Co. now owns 12,429,930 shares of the energy company’s stock worth $595,767,000 after acquiring an additional 4,561,430 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Apache Corporation by 155.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,967,031 shares of the energy company’s stock worth $255,258,000 after acquiring an additional 3,023,533 shares during the period. Finally, Harris Associates L P grew its holdings in shares of Apache Corporation by 14.3% during the 2nd quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after acquiring an additional 2,343,985 shares during the period. Hedge funds and other institutional investors own 95.00% 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. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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