Apache Corporation (NYSE:APA) has earned a consensus recommendation of “Hold” from the twenty-seven research firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $55.86.

A number of research analysts have issued reports on APA shares. Bank of America Corporation restated a “buy” rating and set a $57.00 price target (down previously from $60.00) on shares of Apache Corporation in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Apache Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Scotiabank reiterated a “hold” rating and issued a $58.00 price objective on shares of Apache Corporation in a research note on Friday, May 5th. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 price objective on shares of Apache Corporation in a research note on Friday, May 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $63.00 price objective on shares of Apache Corporation in a research note on Tuesday, April 25th.

Apache Corporation (NYSE:APA) opened at 39.89 on Friday. The stock’s 50 day moving average is $46.51 and its 200 day moving average is $49.97. Apache Corporation has a 52 week low of $39.87 and a 52 week high of $69.00. The stock’s market cap is $15.20 billion.

Apache Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.22. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted ($0.26) EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts predict that Apache Corporation will post $0.09 EPS for the current year.

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In other Apache Corporation news, Director John E. Lowe purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $40.32 per share, with a total value of $80,640.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at approximately $483,840. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George D. Lawrence purchased 900 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $42.49 per share, for a total transaction of $38,241.00. Following the completion of the purchase, the director now owns 38,445 shares of the company’s stock, valued at approximately $1,633,528.05. The disclosure for this purchase can be found here. Over the last three months, insiders bought 5,400 shares of company stock worth $231,131. Insiders own 0.48% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Fulton Bank N.A. boosted its stake in Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock valued at $494,000 after buying an additional 59 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Apache Corporation during the first quarter valued at about $48,518,000. Lee Danner & Bass Inc. boosted its stake in Apache Corporation by 1.5% in the second quarter. Lee Danner & Bass Inc. now owns 83,237 shares of the energy company’s stock valued at $3,990,000 after buying an additional 1,200 shares during the last quarter. Toronto Dominion Bank boosted its stake in Apache Corporation by 56.6% in the first quarter. Toronto Dominion Bank now owns 102,458 shares of the energy company’s stock valued at $5,265,000 after buying an additional 37,028 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in Apache Corporation by 1.4% in the first quarter. Brandes Investment Partners LP now owns 1,169,745 shares of the energy company’s stock valued at $60,113,000 after buying an additional 15,617 shares during the last quarter. 93.72% 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.

Analyst Recommendations for Apache Corporation (NYSE:APA)

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