Apache Co. (NYSE:APA) announced a quarterly dividend on Thursday, December 14th, RTT News reports. Investors of record on Monday, January 22nd will be given a dividend of 0.25 per share by the energy company on Thursday, February 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%.

Apache has increased its dividend payment by an average of 9.1% annually over the last three years and has increased its dividend every year for the last 5 years. Apache has a dividend payout ratio of 5,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Apache to earn $0.35 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 285.7%.

Apache (NYSE APA) traded up $0.08 during midday trading on Thursday, reaching $39.80. The company had a trading volume of 3,784,600 shares, compared to its average volume of 3,600,940. Apache has a 1-year low of $38.14 and a 1-year high of $67.76. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37.

Apache (NYSE:APA) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.09. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. Apache’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. sell-side analysts anticipate that Apache will post 0.02 EPS for the current fiscal year.

In other news, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $44.04, for a total value of $859,396.56. Following the completion of the sale, the insider now directly owns 37,469 shares in the company, valued at approximately $1,650,134.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John E. Lowe bought 3,000 shares of Apache stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average price of $40.02 per share, with a total value of $120,060.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $600,300. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

A number of brokerages have weighed in on APA. Morgan Stanley increased their price target on Apache from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. BMO Capital Markets set a $45.00 price target on Apache and gave the stock a “hold” rating in a report on Tuesday, October 10th. Scotiabank reiterated a “hold” rating and set a $49.00 price target on shares of Apache in a report on Tuesday, October 10th. Royal Bank of Canada set a $55.00 price target on Apache and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Stifel Nicolaus set a $42.00 price target on Apache and gave the stock a “hold” rating in a report on Thursday, October 5th. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $47.61.

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About Apache

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.

Dividend History for Apache (NYSE:APA)

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