Apache Corporation (APA) Receiving Somewhat Positive Press Coverage, Analysis Shows
News coverage about Apache Corporation (NYSE:APA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apache Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the energy company an impact score of 46.6086603685501 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Is Apache Corporation (APA) Stock is Risky? – Stocks Gallery (stocksgallery.com)
- Apache Corporation – Top Tier American Oil – Seeking Alpha (seekingalpha.com)
- Apache Corporation (APA) PT Lowered to $45.00 (americanbankingnews.com)
- Insider Buying: Apache Corporation (NYSE:APA) Director Acquires 900 Shares of Stock (americanbankingnews.com)
- Apache Corporation Sees Unusually Large Options Volume (APA) (americanbankingnews.com)
Shares of Apache Corporation (APA) traded down 0.07% during trading on Tuesday, hitting $41.54. The company’s stock had a trading volume of 4,038,632 shares. The company’s market cap is $15.82 billion. The firm’s 50 day moving average price is $46.88 and its 200-day moving average price is $50.11. Apache Corporation has a 52 week low of $41.00 and a 52 week high of $69.00.
Apache Corporation (NYSE:APA) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm earned ($0.26) EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts predict that Apache Corporation will post $0.12 earnings per share for the current year.
Several research analysts have recently commented on the company. Jefferies Group LLC restated a “sell” rating and set a $40.00 price target on shares of Apache Corporation in a research report on Wednesday, May 17th. BMO Capital Markets restated a “hold” rating and set a $53.00 price target on shares of Apache Corporation in a research report on Monday, May 15th. Barclays PLC restated a “sell” rating and set a $41.00 price target (down from $50.00) on shares of Apache Corporation in a research report on Thursday, April 20th. Zacks Investment Research lowered Apache Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $55.00 price target on shares of Apache Corporation in a research report on Thursday, July 20th. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $56.26.
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In related news, Director John E. Lowe bought 2,500 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $449,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George D. Lawrence bought 900 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $42.49 per share, for a total transaction of $38,241.00. Following the purchase, the director now owns 38,445 shares in the company, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.
About Apache Corporation
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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