Apache Co. (APA) To Go Ex-Dividend on January 19th

Apache Co. (NYSE:APA) declared a quarterly dividend on Thursday, December 14th, RTT News reports. Investors of record on Monday, January 22nd will be given a dividend of 0.25 per share by the energy company on Thursday, February 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, January 19th.

Apache has raised its dividend payment by an average of 1.7% per year over the last three years. Apache has a payout ratio of 1,666.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Apache to earn $0.75 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 133.3%.

Apache (APA) opened at $46.53 on Thursday. Apache has a 1 year low of $38.14 and a 1 year high of $63.36. The company has a market cap of $17,730.00, a PE ratio of 26.90, a P/E/G ratio of 8.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53.

Apache (NYSE:APA) last released its earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm earned ($0.03) EPS. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. analysts anticipate that Apache will post 0.06 EPS for the current year.

In related news, Director John E. Lowe purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of $40.02 per share, with a total value of $120,060.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $600,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the sale, the insider now directly owns 37,469 shares in the company, valued at $1,650,134.76. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Several equities analysts have commented on APA shares. Morgan Stanley raised their target price on shares of Apache from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Scotiabank set a $49.00 target price on shares of Apache and gave the company a “hold” rating in a report on Monday, November 13th. Bank of America raised their target price on shares of Apache from $41.00 to $42.00 and gave the company an “underperform” rating in a report on Monday, November 6th. BMO Capital Markets set a $45.00 target price on shares of Apache and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Royal Bank of Canada set a $51.00 target price on shares of Apache and gave the company a “hold” rating in a report on Wednesday, December 20th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $45.94.

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About Apache

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

Dividend History for Apache (NYSE:APA)

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