Apache Co. (NYSE:APA) has received an average recommendation of “Hold” from the twenty-two ratings firms that are presently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $45.94.
Several equities research analysts have issued reports on APA shares. Zacks Investment Research cut shares of Apache from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Jefferies Group reaffirmed an “underperform” rating and set a $38.00 target price on shares of Apache in a research note on Tuesday, October 10th. Morgan Stanley lifted their target price on shares of Apache from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Barclays lowered their target price on shares of Apache from $30.00 to $26.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 11th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $55.00 target price on shares of Apache in a research note on Tuesday, November 7th.
Shares of Apache (NYSE:APA) opened at $47.16 on Monday. The company has a market cap of $17,965.25, a price-to-earnings ratio of 27.10, a P/E/G ratio of 9.03 and a beta of 1.05. 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 has a 1-year low of $38.14 and a 1-year high of $63.92.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. Apache’s payout ratio is 57.47%.
In other news, Director John E. Lowe purchased 3,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average price of $40.02 per share, with a total value of $120,060.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $600,300. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider P Anthony Lannie sold 19,514 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the transaction, the insider now directly owns 37,469 shares in the company, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hexavest Inc. purchased a new stake in Apache in the 4th quarter valued at about $30,979,000. Nisa Investment Advisors LLC raised its holdings in Apache by 1.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 81,213 shares of the energy company’s stock valued at $3,431,000 after buying an additional 1,258 shares during the period. Foundation Resource Management Inc. purchased a new stake in Apache in the 4th quarter valued at about $372,000. QUANTRES ASSET MANAGEMENT Ltd raised its holdings in Apache by 183.1% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 25,200 shares of the energy company’s stock valued at $1,064,000 after buying an additional 16,300 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Apache in the 3rd quarter valued at about $134,000. Hedge funds and other institutional investors own 94.57% of the company’s stock.
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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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