Apache Corp. Receives Average Recommendation of “Hold” from Analysts (NYSE:APA)
Shares of Apache Corp. (NYSE:APA) have earned an average recommendation of “Hold” from the thirty analysts that are presently covering the company, StockRatingsNetwork.com reports. Sixteen research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $99.58.
Several analysts have recently commented on the stock. 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. Separately, 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.
Shares of Apache Corp. (NYSE:APA) traded down 1.25% during mid-day trading on Monday, hitting $80.38. The stock had a trading volume of 604,090 shares. Apache Corp. has a 52 week low of $67.91 and a 52 week high of $94.84. The stock’s 50-day moving average is $84.01 and its 200-day moving average is $85.96. The company has a market cap of $32.091 billion and a price-to-earnings ratio of 12.14.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, April 17th. This is a boost from Apache Corp.’s previous quarterly dividend of $0.20.
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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