Apache Co. (NYSE:APA) – Stock analysts at Capital One Financial increased their FY2020 earnings per share estimates for Apache in a research report issued on Wednesday, December 4th, Zacks Investment Research reports. Capital One Financial analyst R. Tullis now anticipates that the energy company will post earnings per share of ($1.73) for the year, up from their previous forecast of ($1.78).
Apache (NYSE:APA) last issued its quarterly earnings data on Wednesday, October 30th. The energy company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.10). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. Apache had a positive return on equity of 1.08% and a negative net margin of 14.78%. During the same period last year, the firm earned $0.63 EPS.
APA has been the subject of a number of other research reports. Raymond James reduced their price objective on shares of Apache from $32.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. SunTrust Banks began coverage on shares of Apache in a research note on Monday, September 23rd. They issued a “buy” rating and a $32.00 price objective for the company. KeyCorp began coverage on shares of Apache in a report on Monday, October 28th. They issued a “sector weight” rating on the stock. MKM Partners began coverage on shares of Apache in a report on Monday, September 16th. They issued a “neutral” rating and a $26.00 price target on the stock. Finally, Credit Suisse Group cut their price target on shares of Apache from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.00.
NYSE:APA traded down $0.15 during trading hours on Friday, reaching $26.12. The company’s stock had a trading volume of 4,094,536 shares, compared to its average volume of 8,190,982. The company has a market capitalization of $9.88 billion, a P/E ratio of 14.76 and a beta of 1.92. Apache has a 12 month low of $18.33 and a 12 month high of $38.12. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average price of $22.68 and a two-hundred day moving average price of $23.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Tuesday, January 21st. Apache’s dividend payout ratio (DPR) is presently 56.50%.
In related news, insider Wheals Rob acquired 4,505 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of $11.06 per share, with a total value of $49,825.30. 0.69% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Apache by 1.7% in the second quarter. Vanguard Group Inc. now owns 42,493,393 shares of the energy company’s stock valued at $1,231,034,000 after purchasing an additional 720,427 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Apache by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,612,432 shares of the energy company’s stock valued at $75,683,000 after purchasing an additional 39,854 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Apache by 90.7% in 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 acquiring an additional 1,161,627 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Apache by 18.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,662,416 shares of the energy company’s stock worth $42,558,000 after acquiring an additional 259,616 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Apache by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,518,352 shares of the energy company’s stock worth $43,486,000 after acquiring an additional 23,787 shares during the period. 95.34% of the stock is currently owned by institutional investors.
Apache Company Profile
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.