Apache VP Sells $210,801 in Stock (APA)
Apache (NYSE:APA) VP Urban F. O’brien sold 2,074 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $101.64, for a total value of $210,801.36. Following the transaction, the vice president now directly owns 5,000 shares in the company, valued at approximately $508,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on APA. Analysts at Argus raised their price target on shares of Apache from $103.00 to $118.00 in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Apache in a research note on Wednesday, June 11th. They now have a $100.00 price target on the stock, up previously from $91.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Apache in a research note on Monday, June 9th. They now have a $99.00 price target on the stock. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.59.
Shares of Apache (NYSE:APA) traded down 2.59% on Tuesday, hitting $98.97. 1,966,605 shares of the company’s stock traded hands. Apache has a 1-year low of $75.07 and a 1-year high of $102.34. The stock’s 50-day moving average is $92.73 and its 200-day moving average is $85.94. The company has a market cap of $38.173 billion and a P/E ratio of 23.39.
Apache (NYSE:APA) last announced its earnings results on Thursday, May 8th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the company posted $2.02 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Analysts expect that Apache will post $7.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, July 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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