Apache Co. (NYSE:APA) – Investment analysts at Capital One Financial increased their FY2017 earnings estimates for shares of Apache in a report released on Tuesday. Capital One Financial analyst R. Tullis now expects that the energy company will earn $0.13 per share for the year, up from their prior forecast of $0.01. Capital One Financial also issued estimates for Apache’s Q4 2017 earnings at $0.21 EPS.

Other equities analysts also recently issued reports about the stock. Morgan Stanley upped their price target on shares of Apache from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. BMO Capital Markets set a $45.00 price target on shares of Apache and gave the company a “hold” rating in a research note on Tuesday, October 10th. Scotiabank restated a “hold” rating and issued a $49.00 price target on shares of Apache in a research note on Tuesday, October 10th. Royal Bank of Canada set a $55.00 price target on shares of Apache and gave the company a “hold” rating in a research note on Thursday, August 24th. Finally, Stifel Nicolaus set a $42.00 price target on shares of Apache and gave the company a “hold” rating in a research note on Thursday, October 5th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Apache presently has a consensus rating of “Hold” and an average price target of $47.61.

Apache (NYSE:APA) opened at $39.80 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. Apache has a one year low of $38.14 and a one year high of $67.76.

Apache (NYSE:APA) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company posted ($0.03) earnings per share. Apache’s revenue was down 3.5% compared to the same quarter last year.

Several institutional investors and hedge funds have recently bought and sold shares of APA. Canada Pension Plan Investment Board boosted its stake in shares of Apache by 42.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 235,158 shares of the energy company’s stock valued at $11,271,000 after purchasing an additional 69,700 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Apache by 8.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,465,263 shares of the energy company’s stock valued at $70,231,000 after buying an additional 108,103 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Apache by 4.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 171,679 shares of the energy company’s stock valued at $8,229,000 after buying an additional 7,664 shares during the last quarter. Sigma Planning Corp raised its holdings in Apache by 7.9% in the 2nd quarter. Sigma Planning Corp now owns 6,838 shares of the energy company’s stock valued at $328,000 after buying an additional 501 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in Apache by 1.5% in the 2nd quarter. Wedbush Securities Inc. now owns 11,567 shares of the energy company’s stock valued at $554,000 after buying an additional 171 shares during the last quarter. Institutional investors own 94.69% of the company’s stock.

In other news, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $44.04, for a total value of $859,396.56. Following the sale, the insider now directly owns 37,469 shares in the company, valued at approximately $1,650,134.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.48% of the company’s stock.

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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.

Earnings History and Estimates for Apache (NYSE:APA)

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