Q3 2017 EPS Estimates for Apache Corporation (APA) Decreased by Capital One Financial Corporation
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.
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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.
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