Apache Co. (APA) Insider Sells $859,396.56 in Stock
Apache Co. (NYSE:APA) insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the sale, the insider now owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Apache Co. (NYSE APA) traded up $2.39 during mid-day trading on Friday, hitting $44.22. The stock had a trading volume of 5,402,301 shares, compared to its average volume of 3,612,427. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95. Apache Co. has a 12 month low of $38.14 and a 12 month high of $69.00.
Apache (NYSE:APA) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.09. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. research analysts predict that Apache Co. will post 0.02 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Dodge & Cox increased its stake in shares of Apache by 4.0% in the second quarter. Dodge & Cox now owns 29,922,731 shares of the energy company’s stock valued at $1,434,196,000 after buying an additional 1,152,395 shares during the period. Vanguard Group Inc. grew its stake in Apache by 0.5% during the second quarter. Vanguard Group Inc. now owns 26,448,494 shares of the energy company’s stock worth $1,267,676,000 after purchasing an additional 128,836 shares during the period. State Street Corp grew its stake in Apache by 0.7% during the second quarter. State Street Corp now owns 20,068,849 shares of the energy company’s stock worth $961,903,000 after purchasing an additional 130,520 shares during the period. Harris Associates L P grew its stake in Apache by 14.3% during the second quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock worth $898,275,000 after purchasing an additional 2,343,985 shares during the period. Finally, FMR LLC grew its stake in Apache by 2.7% during the second quarter. FMR LLC now owns 15,112,873 shares of the energy company’s stock worth $724,360,000 after purchasing an additional 404,098 shares during the period. 94.30% of the stock is owned by institutional investors.
Several brokerages recently weighed in on APA. Citigroup dropped their price objective on Apache from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. BidaskClub cut Apache from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. BMO Capital Markets set a $45.00 target price on Apache and gave the stock a “hold” rating in a report on Thursday, August 3rd. Barclays upped their target price on Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, November 20th. Finally, Scotiabank set a $52.00 target price on Apache and gave the stock a “hold” rating in a report on Friday, August 11th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.06.
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Apache 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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