News stories about Apache Corporation (NYSE:APA) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apache Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the energy company an impact score of 47.0845983099854 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s scoring:
- Apache Corporation breaks ground on new building - KWES … - NewsWest9.com (newswest9.com)
- AP Breaks Ground on New Regional Office for Apache Corporation in Midland, TX - Benzinga (benzinga.com)
- Groundbreaking ceremony held for new Apache Corporation facility in Midland - CBS7 News (press release) (cbs7.com)
- $0.08 Earnings Per Share Expected for Apache Corporation (APA) This Quarter (americanbankingnews.com)
- Insiders Buying, Short Interest Falling Apache Corporation (NYSE:APA) - Modern Readers (modernreaders.com)
A number of research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $63.00 target price on shares of Apache Corporation in a research note on Tuesday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 target price on shares of Apache Corporation in a research note on Friday, May 5th. Scotiabank reaffirmed a “hold” rating and set a $58.00 target price on shares of Apache Corporation in a research note on Monday, May 15th. Wolfe Research cut Apache Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $48.00 price objective (down previously from $55.00) on shares of Apache Corporation in a research note on Saturday, July 22nd. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $56.39.
Shares of Apache Corporation (NYSE APA) opened at 43.57 on Thursday. The firm’s market capitalization is $16.60 billion. The stock’s 50 day moving average price is $47.32 and its 200-day moving average price is $50.76. Apache Corporation has a 52-week low of $43.24 and a 52-week high of $69.00.
Apache Corporation (NYSE:APA) last released its quarterly earnings results 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 company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted ($0.26) earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that Apache Corporation will post $0.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Friday, July 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Wednesday, July 19th. Apache Corporation’s dividend payout ratio (DPR) is currently -4,997.50%.
In related news, Director Rene R. Joyce acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $51.38 per share, with a total value of $513,800.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $513,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John E. Lowe bought 2,500 shares of Apache Corporation stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $44.90 per share, with a total value of $112,250.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $449,000. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
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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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