Apache Corporation (APA) Given a $45.00 Price Target by BMO Capital Markets Analysts
Apache Corporation (NYSE:APA) has been assigned a $45.00 target price by stock analysts at BMO Capital Markets in a research note issued on Tuesday. The firm currently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ target price suggests a potential upside of 5.98% from the stock’s current price.
A number of other analysts have also recently issued reports on the company. Scotiabank restated a “hold” rating and set a $49.00 price objective on shares of Apache Corporation in a research report on Tuesday. Zacks Investment Research cut Apache Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group LLC restated an “underperform” rating and set a $38.00 price objective on shares of Apache Corporation in a research report on Tuesday. Stifel Nicolaus set a $42.00 price objective on Apache Corporation and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apache Corporation in a research note on Thursday, September 21st. Nine equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $50.00.
Apache Corporation (APA) opened at 42.46 on Tuesday. The company’s market capitalization is $16.17 billion. The company’s 50-day moving average price is $42.30 and its 200 day moving average price is $46.78. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00.
Apache Corporation (NYSE:APA) last released its quarterly earnings data 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 firm 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 business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. On average, equities research analysts anticipate that Apache Corporation will post $0.03 EPS for the current year.
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In other Apache Corporation news, Director John E. Lowe acquired 2,500 shares of Apache Corporation stock in a transaction on Monday, August 7th. The shares were bought at an average price of $44.90 per share, with a total value of $112,250.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $449,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George D. Lawrence acquired 900 shares of Apache Corporation stock in a transaction on 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 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. In the last three months, insiders acquired 5,500 shares of company stock worth $235,094. Insiders own 0.48% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Griffin Asset Management Inc. acquired a new position in Apache Corporation in the second quarter worth $211,000. Gs Investments Inc. acquired a new position in Apache Corporation in the second quarter worth $149,000. Sentry Investment Management LLC boosted its stake in Apache Corporation by 214.4% in the second quarter. Sentry Investment Management LLC now owns 92,158 shares of the energy company’s stock worth $4,417,000 after purchasing an additional 62,841 shares in the last quarter. Toronto Dominion Bank boosted its stake in Apache Corporation by 25.8% in the second quarter. Toronto Dominion Bank now owns 128,867 shares of the energy company’s stock worth $6,176,000 after purchasing an additional 26,409 shares in the last quarter. Finally, National Asset Management Inc. boosted its stake in Apache Corporation by 47.7% in the second quarter. National Asset Management Inc. now owns 27,562 shares of the energy company’s stock worth $1,322,000 after purchasing an additional 8,901 shares in the last quarter. 95.00% of the stock is currently owned by 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. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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