Apache (NYSE:APA) Hits New 52-Week Low at $21.39

Shares of Apache Co. (NYSE:APA) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $21.39 and last traded at $21.54, with a volume of 874285 shares trading hands. The stock had previously closed at $21.97.

A number of equities research analysts have issued reports on the company. Seaport Global Securities reiterated a “neutral” rating on shares of Apache in a research note on Friday, June 21st. Zacks Investment Research upgraded Apache from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Monday, May 20th. Morgan Stanley cut their target price on Apache from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. Wolfe Research upgraded Apache from an “underperform” rating to a “peer perform” rating in a research note on Monday, June 3rd. Finally, ValuEngine upgraded Apache from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $38.11.

The stock has a fifty day moving average price of $25.86. The stock has a market capitalization of $8.16 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 8.97 and a beta of 1.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.03.



Apache (NYSE:APA) last released its earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. As a group, sell-side analysts predict that Apache Co. will post 0.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be paid a $0.25 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 4.69%. Apache’s dividend payout ratio is currently 56.50%.

In other Apache news, EVP William Mark Meyer acquired 2,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was purchased at an average cost of $25.92 per share, for a total transaction of $51,840.00. Following the transaction, the executive vice president now owns 2,919 shares of the company’s stock, valued at approximately $75,660.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Juliet S. Ellis acquired 3,500 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were acquired at an average price of $27.26 per share, with a total value of $95,410.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at approximately $95,410. The disclosure for this purchase can be found here. Insiders purchased a total of 10,500 shares of company stock worth $256,400 in the last three months. 0.69% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of Apache by 66.1% during the 1st quarter. Signaturefd LLC now owns 1,276 shares of the energy company’s stock valued at $44,000 after buying an additional 508 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in Apache by 4,074.7% in the 2nd quarter. NEXT Financial Group Inc now owns 3,131 shares of the energy company’s stock worth $91,000 after purchasing an additional 3,056 shares during the last quarter. Investors Research Corp acquired a new stake in Apache in the 1st quarter worth approximately $105,000. Quadrant Capital Group LLC lifted its holdings in Apache by 168.9% in the 1st quarter. Quadrant Capital Group LLC now owns 3,329 shares of the energy company’s stock worth $109,000 after purchasing an additional 2,091 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Apache in the 1st quarter worth approximately $114,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Apache Company Profile (NYSE:APA)

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.

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