Apache Corporation (NYSE:APA) – Stock analysts at Seaport Global Securities raised their FY2017 earnings per share (EPS) estimates for Apache Corporation in a report issued on Tuesday. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings of $0.07 per share for the year, up from their prior forecast of ($0.03). Seaport Global Securities currently has a “Sell” rating and a $36.00 price objective on the stock. Seaport Global Securities also issued estimates for Apache Corporation’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at ($0.27) EPS and FY2018 earnings at ($0.63) EPS.

APA has been the topic of a number of other reports. Royal Bank Of Canada set a $55.00 target price on Apache Corporation and gave the stock a “hold” rating in a research report on Thursday, August 24th. BMO Capital Markets set a $45.00 price target on Apache Corporation and gave the company a “hold” rating in a report on Monday, June 26th. Scotiabank set a $50.00 price target on Apache Corporation and gave the company a “hold” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co downgraded Apache Corporation from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $46.00 to $38.00 in a report on Thursday, September 14th. Finally, Zacks Investment Research downgraded Apache Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th. Nine investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $49.06.

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Shares of Apache Corporation (NYSE:APA) opened at 41.96 on Thursday. Apache Corporation has a 52 week low of $38.14 and a 52 week high of $69.00. The firm has a 50-day moving average price of $42.36 and a 200-day moving average price of $46.75. The firm’s market capitalization is $15.98 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 analysts’ consensus estimates of $0.01 by ($0.22). Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted ($0.26) earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd will be paid a $0.25 dividend. The ex-dividend date is Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. Apache Corporation’s dividend payout ratio (DPR) is currently -4,997.50%.

In related news, Director John E. Lowe purchased 2,500 shares of Apache Corporation stock in a transaction on Monday, August 7th. The stock was bought at an average price of $44.90 per share, with a total value of $112,250.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $449,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John E. Lowe purchased 2,000 shares of Apache Corporation stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $40.32 per share, with a total value of $80,640.00. Following the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at $483,840. The disclosure for this purchase can be found here. Insiders acquired 5,500 shares of company stock worth $235,094 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Several large investors have recently made changes to their positions in APA. Blair William & Co. IL lifted its position in shares of Apache Corporation by 2.5% in the first quarter. Blair William & Co. IL now owns 57,594 shares of the energy company’s stock worth $2,969,000 after buying an additional 1,397 shares during the last quarter. Concert Wealth Management Inc. acquired a new stake in shares of Apache Corporation in the first quarter worth about $443,000. Cibc World Markets Corp lifted its position in shares of Apache Corporation by 52.3% in the first quarter. Cibc World Markets Corp now owns 39,667 shares of the energy company’s stock worth $2,038,000 after buying an additional 13,617 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Apache Corporation by 6.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 184,059 shares of the energy company’s stock worth $9,458,000 after buying an additional 10,504 shares during the last quarter. Finally, Tredje AP fonden lifted its position in shares of Apache Corporation by 2.8% in the first quarter. Tredje AP fonden now owns 24,399 shares of the energy company’s stock worth $1,254,000 after buying an additional 674 shares during the last quarter. 95.00% of the stock is 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.

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

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