Apache Corporation (NYSE:APA) has been assigned a $50.00 price target by equities research analysts at Cowen and Company in a research note issued to investors on Tuesday, July 18th. The firm currently has a “hold” rating on the energy company’s stock. Cowen and Company’s price target indicates a potential upside of 10.57% from the company’s previous close.
A number of other research firms have also recently issued reports on APA. Stifel Nicolaus initiated coverage on shares of Apache Corporation in a research report on Friday, April 7th. They set a “hold” rating and a $54.00 price objective on the stock. Scotiabank reaffirmed a “hold” rating and issued a $58.00 price target on shares of Apache Corporation in a research report on Monday, May 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $53.00 price target on shares of Apache Corporation in a research report on Monday, May 15th. KLR Group reaffirmed a “buy” rating and issued a $79.00 price target on shares of Apache Corporation in a research report on Monday, March 20th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $57.00 price target (down previously from $60.00) on shares of Apache Corporation in a research report on Thursday, May 11th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. Apache Corporation has a consensus rating of “Hold” and an average target price of $56.39.
Shares of Apache Corporation (APA) opened at 45.22 on Tuesday. Apache Corporation has a 12-month low of $43.61 and a 12-month high of $69.00. The firm’s 50-day moving average price is $47.96 and its 200 day moving average price is $51.36. The stock’s market capitalization is $17.20 billion.
Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.22. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted ($0.26) EPS. Analysts predict that Apache Corporation will post $0.38 EPS for the current fiscal year.
In other Apache Corporation news, Director Rene R. Joyce bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of $51.38 per share, for a total transaction of $513,800.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $513,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bank bought a new position in shares of Apache Corporation during the first quarter valued at about $100,000. Invictus RG bought a new position in shares of Apache Corporation during the first quarter valued at about $100,000. Thompson Davis & CO. Inc. boosted its position in shares of Apache Corporation by 33.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,009 shares of the energy company’s stock valued at $103,000 after buying an additional 506 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Apache Corporation by 7.4% in the first quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock valued at $114,000 after buying an additional 161 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Apache Corporation during the first quarter valued at about $135,000. Hedge funds and other institutional investors own 94.04% 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. 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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