Equities research analysts predict that Apache Co. (NYSE:APA) will post $1.51 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Apache’s earnings, with estimates ranging from $1.39 billion to $1.71 billion. Apache reported sales of $1.98 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 23.7%. The business is scheduled to report its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Apache will report full year sales of $6.45 billion for the current financial year, with estimates ranging from $6.21 billion to $6.84 billion. For the next fiscal year, analysts anticipate that the company will post sales of $7.10 billion, with estimates ranging from $6.33 billion to $10.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Apache.

Apache (NYSE:APA) last announced its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Apache had a negative net margin of 10.12% and a positive return on equity of 5.12%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion.

A number of brokerages recently weighed in on APA. Citigroup reduced their price target on shares of Apache from $35.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, August 26th. Stifel Nicolaus set a $29.00 price target on shares of Apache and gave the company a “hold” rating in a report on Monday, August 12th. Wolfe Research raised shares of Apache from an “underperform” rating to a “peer perform” rating in a report on Monday, June 3rd. Zacks Investment Research raised shares of Apache from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Monday, May 20th. Finally, ValuEngine raised shares of Apache from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Apache presently has an average rating of “Hold” and an average price target of $35.61.

APA traded up $2.40 on Wednesday, reaching $26.74. The company had a trading volume of 4,759,785 shares, compared to its average volume of 4,500,895. Apache has a 1 year low of $19.44 and a 1 year high of $50.03. The stock has a market capitalization of $8.96 billion, a PE ratio of 15.11, a P/E/G ratio of 16.62 and a beta of 1.84. The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. The stock has a 50-day moving average price of $22.31 and a 200-day moving average price of $28.81.

The company also recently announced a — dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be given a $0.25 dividend. This represents a dividend yield of 4.1%. The ex-dividend date is Monday, October 21st. Apache’s dividend payout ratio (DPR) is currently 56.50%.

In other news, Director John E. Lowe bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $21.83 per share, with a total value of $109,150.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $654,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Apache by 1.7% in the second quarter. Vanguard Group Inc. now owns 42,493,393 shares of the energy company’s stock worth $1,231,034,000 after acquiring an additional 720,427 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Apache by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 4,866,739 shares of the energy company’s stock worth $127,525,000 after purchasing an additional 340,044 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apache by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,612,432 shares of the energy company’s stock worth $75,683,000 after purchasing an additional 39,854 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Apache by 90.7% during the second quarter. UBS Asset Management Americas Inc. now owns 2,442,575 shares of the energy company’s stock worth $70,761,000 after purchasing an additional 1,161,627 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Apache by 28.0% during the first quarter. New York State Common Retirement Fund now owns 1,617,156 shares of the energy company’s stock worth $56,051,000 after purchasing an additional 353,550 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

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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