Research Analysts Offer Predictions for Apache Corporation’s Q1 2019 Earnings (APA)
Apache Corporation (NYSE:APA) – Research analysts at Jefferies Group issued their Q1 2019 earnings estimates for Apache Corporation in a research note issued to investors on Monday. Jefferies Group analyst M. Lear forecasts that the energy company will post earnings per share of $0.23 for the quarter. Jefferies Group has a “Underperform” rating and a $38.00 price objective on the stock. Jefferies Group also issued estimates for Apache Corporation’s Q2 2019 earnings at $0.23 EPS and Q3 2019 earnings at $0.24 EPS.
Apache Corporation (NYSE:APA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.22). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted ($0.26) EPS. ILLEGAL ACTIVITY NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/11/research-analysts-offer-predictions-for-apache-corporations-q1-2019-earnings-apa.html.
Several other research firms have also recently issued reports on APA. Royal Bank Of Canada restated a “hold” rating and set a $55.00 price objective on shares of Apache Corporation in a report on Thursday, July 20th. Cowen and Company set a $50.00 price objective on Apache Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. BidaskClub upgraded Apache Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research cut Apache Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th. Finally, Stifel Nicolaus assumed coverage on Apache Corporation in a report on Tuesday, July 4th. They set a “hold” rating and a $54.00 price objective on the stock. Nine investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Apache Corporation presently has an average rating of “Hold” and an average target price of $49.06.
Apache Corporation (NYSE APA) traded down 0.99% during trading on Wednesday, reaching $42.04. The company’s stock had a trading volume of 2,559,265 shares. The company has a 50 day moving average price of $42.30 and a 200-day moving average price of $46.78. The company has a market capitalization of $16.01 billion, a PE ratio of 700.67 and a beta of 1.09. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. Apache Corporation’s dividend payout ratio is presently -4,997.50%.
In other news, Director John E. Lowe bought 2,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $40.32 per share, for a total transaction of $80,640.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $483,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George D. Lawrence bought 900 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $42.49 per share, with a total value of $38,241.00. Following the completion of the transaction, the director now directly owns 38,445 shares of the company’s stock, valued at $1,633,528.05. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 5,500 shares of company stock valued at $235,094. Insiders own 0.48% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invictus RG acquired a new stake in Apache Corporation in the first quarter worth approximately $100,000. Hanson McClain Inc. bought a new position in shares of Apache Corporation in the second quarter valued at $106,000. Parallel Advisors LLC increased its holdings 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 valued at $114,000 after buying an additional 161 shares in the last quarter. FNY Partners Fund LP increased its holdings in shares of Apache Corporation by 500.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the energy company’s stock valued at $154,000 after buying an additional 2,500 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Apache Corporation in the second quarter valued at $142,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.
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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