Apache Target of Unusually Large Options Trading (APA)
Apache (NYSE:APA) was the target of some unusual options trading activity on Monday. Stock investors acquired 4,860 put options on the stock, Stock Ratings News reports. This is an increase of approximately 112% compared to the average volume of 2,288 put options.
A number of research firms have recently commented on APA. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Apache in a research note on Monday, August 4th. They now have a $110.00 price target on the stock, up previously from $90.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Apache in a research note on Wednesday, July 23rd. They now have a $108.00 price target on the stock, up previously from $94.00. Finally, analysts at RBC Capital raised their price target on shares of Apache from $102.00 to $110.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $108.12.
Apache (NYSE:APA) traded down 0.18% during mid-day trading on Monday, hitting $98.50. The stock had a trading volume of 2,694,735 shares. Apache has a 52-week low of $75.07 and a 52-week high of $104.57. The stock has a 50-day moving average of $99.97 and a 200-day moving average of $89.74. The company has a market cap of $37.674 billion and a price-to-earnings ratio of 32.15.
Apache (NYSE:APA) last announced its earnings results on Thursday, July 31st. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.01. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. Analysts expect that Apache will post $6.77 EPS for the current fiscal year.
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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