Apache Corp. Declares Quarterly Dividend of $0.25 (APA)
Apache Corp. (NYSE:APA) announced a quarterly dividend on Thursday, February 6th, Stock Ratings Network reports. Investors of record on Tuesday, April 22nd will be paid a dividend of 0.25 per share on Thursday, May 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.28%.
A number of research firms have recently commented on APA. Analysts at Cowen and Company initiated coverage on shares of Apache Corp. in a research note to investors on Monday, January 27th. They set a “market perform” rating on the stock. On a related note, analysts at Barclays raised their price target on shares of Apache Corp. from $109.00 to $115.00 in a research note to investors on Monday, January 13th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Apache Corp. in a research note to investors on Friday, January 10th. They now have a $90.00 price target on the stock. Sixteen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Apache Corp. has an average rating of “Hold” and a consensus price target of $99.58.
Shares of Apache Corp. (NYSE:APA) traded up 1.29% on Thursday, hitting $79.03. 250,099 shares of the company’s stock traded hands. Apache Corp. has a 1-year low of $67.91 and a 1-year high of $94.84. The stock’s 50-day moving average is $84.46 and its 200-day moving average is $86.05. The company has a market cap of $31.552 billion and a price-to-earnings ratio of 11.64.
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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