Apache Corp. Sees Unusually High Options Volume (APA)
Shares of Apache Corp. (NYSE:APA) saw some unusual options trading on Thursday. Investors acquired 40,592 call options on the company, Stock Ratings News reports. This represents an increase of 757% compared to the typical volume of 4,735 call options.
In other Apache Corp. news, Insider John R. Bedingfield sold 5,000 shares of Apache Corp. stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $90.00, for a total value of $450,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
APA has been the subject of a number of recent research reports. Analysts at Oppenheimer upgraded shares of Apache Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 17th. They now have a $100.00 price target on the stock, up previously from $87.00. Separately, analysts at Credit Suisse raised their price target on shares of Apache Corp. from $100.00 to $104.00 in a research note to investors on Monday, September 16th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG downgraded shares of Apache Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $90.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $98.13.
Apache Corp. (NYSE:APA) opened at 90.57 on Friday. Apache Corp. has a 52-week low of $67.91 and a 52-week high of $90.74. The stock’s 50-day moving average is $86.51 and its 200-day moving average is $81.77. The company has a market cap of $35.270 billion and a P/E ratio of 14.10.
Apache Corp. (NYSE:APA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $2.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $2.01. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company posted $2.07 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Apache Corp. will post $8.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Friday, October 18th.
Apache Corporation (NYSE:APA) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids.
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