Several brokerages have updated their recommendations and price targets on shares of Apache Corp. (NYSE: APA) in the last few weeks:

  • 9/14/2016 – Apache Corp. was given a new $73.00 price target on by analysts at KLR Group. They now have a “buy” rating on the stock.
  • 9/13/2016 – Apache Corp. had its price target raised by analysts at Barclays PLC from $50.00 to $58.00. They now have an “equal weight” rating on the stock.
  • 9/12/2016 – Apache Corp. was upgraded by analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating. They now have a $70.00 price target on the stock, up previously from $41.00.
  • 9/12/2016 – Apache Corp. had its price target raised by analysts at Jefferies Group from $42.00 to $47.00. They now have an “underperform” rating on the stock.
  • 9/12/2016 – Apache Corp. was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating.
  • 9/12/2016 – Apache Corp. had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $67.00 price target on the stock.
  • 9/8/2016 – Apache Corp. had its price target raised by analysts at Deutsche Bank AG from $53.00 to $57.00. They now have a “hold” rating on the stock.
  • 9/8/2016 – Apache Corp. had its price target raised by analysts at Macquarie from $52.00 to $54.00. They now have a “neutral” rating on the stock.
  • 9/8/2016 – Apache Corp. had its price target raised by analysts at Raymond James Financial Inc. from $70.00 to $72.00. They now have an “outperform” rating on the stock.
  • 9/8/2016 – Apache Corp. had its price target raised by analysts at Citigroup Inc. from $53.00 to $58.00. They now have a “neutral” rating on the stock.
  • 9/8/2016 – Apache Corp. had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $63.00 price target on the stock.
  • 9/1/2016 – Apache Corp. had its price target raised by analysts at Barclays PLC from $49.00 to $50.00. They now have an “equal weight” rating on the stock.
  • 8/29/2016 – Apache Corp. was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $51.00 price target on the stock.
  • 8/22/2016 – Apache Corp. was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $51.00 price target on the stock.
  • 8/16/2016 – Apache Corp. was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $51.00 price target on the stock.
  • 8/12/2016 – Apache Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Following Apache's dismal Q2 results, investor sentiment on the stock has turned less bullish of late. With the oil market in turmoil and prices down, the domestic energy explorer reported wider-than-expected loss. Moreover, with no plans this year to add any more rigs in the Permian basin – from where Apache gets North America's highest margins and bulk of onshore output – production outlook looks a tad weak. However, we acknowledge Apache's geographically diversified reserve base and multi-year trend in reserve replacement. We also appreciate the company’s initiatives to align capital spending with its cash flows while continuing to build a high-quality inventory of projects capable of delivering attractive returns even in a low oil price environment. Considering these factors, we think that the current valuation is fair and adequately reflects the company's future growth prospects.”
  • 8/11/2016 – Apache Corp. had its “sell” rating reaffirmed by analysts at Jefferies Group.
  • 8/10/2016 – Apache Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock.
  • 8/9/2016 – Apache Corp. was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $53.00 price target on the stock, down previously from $55.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/5/2016 – Apache Corp. was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $49.00 price target on the stock, up previously from $45.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/4/2016 – Apache Corp. had its “sell” rating reaffirmed by analysts at Jefferies Group.

Shares of Apache Corp. (NYSE:APA) traded up 4.92% during midday trading on Wednesday, reaching $60.32. The company had a trading volume of 3,387,347 shares. The company’s 50 day moving average price is $53.19 and its 200 day moving average price is $53.34. Apache Corp. has a 52-week low of $32.20 and a 52-week high of $60.36. The stock’s market capitalization is $22.89 billion.

Apache Corp. (NYSE:APA) last released its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.09. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.31 billion. Apache Corp. had a negative return on equity of 4.16% and a negative net margin of 261.91%. The company’s quarterly revenue was down 38.5% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. Equities research analysts expect that Apache Corp. will post ($0.69) earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, October 19th. Apache Corp.’s payout ratio is currently -2.78%.

Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).

5 Day Chart for NYSE:APA

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