Apache Corporation (APA) Director Purchases $112,250.00 in Stock
Apache Corporation (NYSE:APA) Director John E. Lowe bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $449,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Apache Corporation (NYSE:APA) traded up 0.02% during midday trading on Tuesday, hitting $44.40. The stock had a trading volume of 1,461,702 shares. The stock’s market cap is $16.89 billion. The stock’s 50-day moving average is $47.96 and its 200-day moving average is $51.36. Apache Corporation has a 12 month low of $44.28 and a 12 month high of $69.00.
Apache Corporation (NYSE:APA) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.26) earnings per share. Equities analysts anticipate that Apache Corporation will post $0.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Friday, July 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, July 19th. Apache Corporation’s payout ratio is currently -4,997.50%.
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A number of brokerages recently issued reports on APA. Scotiabank set a $50.00 target price on Apache Corporation and gave the stock a “hold” rating in a report on Saturday, July 1st. BidaskClub cut Apache Corporation from a “hold” rating to a “sell” rating in a report on Saturday. BMO Capital Markets set a $45.00 target price on Apache Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. cut their target price on Apache Corporation from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $55.00 target price on shares of Apache Corporation in a report on Thursday, July 20th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $56.39.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Bank acquired a new position in shares of Apache Corporation during the first quarter worth about $100,000. Invictus RG acquired a new position in shares of Apache Corporation during the first quarter worth about $100,000. Thompson Davis & CO. Inc. increased its position in shares of Apache Corporation by 33.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,009 shares of the energy company’s stock worth $103,000 after buying an additional 506 shares during the last quarter. Hanson McClain Inc. acquired a new position in shares of Apache Corporation during the second quarter worth about $106,000. Finally, Parallel Advisors LLC increased its position in shares of Apache Corporation by 7.4% in the first quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock worth $114,000 after buying an additional 161 shares during the last quarter. 94.04% of the stock is currently owned by hedge funds and other institutional investors.
Apache Corporation Company Profile
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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