Apache Corporation (NYSE:APA) – Research analysts at Capital One Financial Corporation dropped their Q3 2017 EPS estimates for shares of Apache Corporation in a report issued on Tuesday. Capital One Financial Corporation analyst R. Tullis now expects that the energy company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.08. Capital One Financial Corporation also issued estimates for Apache Corporation’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.09 EPS and FY2018 earnings at $0.26 EPS.

Several other equities research analysts also recently commented on APA. BidaskClub raised Apache Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $64.00 target price on shares of Apache Corporation in a report on Friday, June 16th. Seaport Global Securities downgraded Apache Corporation from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $52.00 to $36.00 in a report on Wednesday, June 21st. BMO Capital Markets set a $45.00 target price on Apache Corporation and gave the stock a “hold” rating in a report on Monday, June 26th. Finally, Scotiabank set a $50.00 target price on Apache Corporation and gave the stock a “hold” rating in a report on Saturday, July 1st. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.00.

ILLEGAL ACTIVITY NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/11/q3-2017-eps-estimates-for-apache-corporation-apa-decreased-by-capital-one-financial-corporation.html.

Apache Corporation (NYSE APA) opened at 42.46 on Wednesday. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The firm’s 50-day moving average price is $42.30 and its 200 day moving average price is $46.78. The company’s market capitalization is $16.17 billion.

Apache Corporation (NYSE:APA) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the 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 the consensus estimate of $1.41 billion. During the same quarter last year, the business posted ($0.26) earnings per share. Apache Corporation’s revenue was up .1% on a year-over-year basis.

Several large investors have recently made changes to their positions in the company. Beese Fulmer Investment Management Inc. lifted its holdings in shares of Apache Corporation by 0.4% during the second quarter. Beese Fulmer Investment Management Inc. now owns 6,016 shares of the energy company’s stock valued at $288,000 after purchasing an additional 23 shares in the last quarter. Ray Gerald L & Associates Ltd. lifted its holdings in Apache Corporation by 0.4% in the second quarter. Ray Gerald L & Associates Ltd. now owns 12,900 shares of the energy company’s stock valued at $618,000 after acquiring an additional 50 shares during the period. Tdam USA Inc. lifted its holdings in Apache Corporation by 0.5% in the second quarter. Tdam USA Inc. now owns 10,426 shares of the energy company’s stock valued at $495,000 after acquiring an additional 55 shares during the period. Huntington National Bank lifted its holdings in Apache Corporation by 1.1% in the second quarter. Huntington National Bank now owns 5,449 shares of the energy company’s stock valued at $261,000 after acquiring an additional 58 shares during the period. Finally, Fulton Bank N.A. lifted its holdings 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 acquiring an additional 59 shares during the period. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

In other Apache Corporation news, Director John E. Lowe purchased 2,000 shares of the 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 acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $483,840. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John E. Lowe purchased 2,500 shares of the stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost 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 of the company’s stock, valued at $449,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 5,500 shares of company stock worth $235,094. Corporate insiders own 0.48% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd 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 2.36%. The ex-dividend date of this dividend is Friday, October 20th. Apache Corporation’s payout ratio is currently -4,997.50%.

About Apache Corporation

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.

Earnings History and Estimates for Apache Corporation (NYSE:APA)

Receive News & Ratings for Apache Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache Corporation and related companies with MarketBeat.com's FREE daily email newsletter.