Headlines about Apache (NYSE:APA) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apache earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news coverage about the energy company an impact score of 46.5602931593413 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- A small part is causing big problems for the US Army’s Apache attack helicopter fleet (businessinsider.com)
- 47 resignations to be considered at April 24 Apache Junction school board meeting (apachejunctionindependent.com)
- Cochise and Bascom: How the Apache wars began (dcourier.com)
- Paysinger’s six hits help TJC Apache Ladies to softball sweep of Northeast Texas CC (tylerpaper.com)
- Hollywood actor plays Apache leader Geronimo in Grove play (joplinglobe.com)
A number of brokerages have recently commented on APA. Royal Bank of Canada set a $48.00 target price on shares of Apache and gave the stock a “hold” rating in a research report on Friday, April 13th. Jefferies Group set a $32.00 target price on shares of Apache and gave the stock a “sell” rating in a research report on Monday, March 19th. Stifel Nicolaus set a $41.00 target price on shares of Apache and gave the stock a “hold” rating in a research report on Tuesday, January 30th. BMO Capital Markets reissued a “hold” rating and set a $35.00 price objective on shares of Apache in a report on Tuesday, February 27th. Finally, Citigroup cut their price objective on shares of Apache from $46.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Ten research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.27.
Apache (NYSE:APA) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.12. Apache had a net margin of 20.32% and a return on equity of 1.11%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company earned ($0.06) earnings per share. sell-side analysts predict that Apache will post 1.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, April 20th. Apache’s dividend payout ratio is currently 416.67%.
In other news, Director John E. Lowe purchased 2,500 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $33.80 per share, with a total value of $84,500.00. Following the completion of the acquisition, the director now owns 17,500 shares of the company’s stock, valued at $591,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.59% of the stock is currently owned by insiders.
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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 Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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