Apache Co. (NYSE:APA) – Equities researchers at Capital One Financial boosted their Q4 2017 earnings estimates for shares of Apache in a report issued on Tuesday. Capital One Financial analyst R. Tullis now forecasts that the energy company will earn $0.27 per share for the quarter, up from their prior forecast of $0.21.
Other research analysts have also recently issued reports about the stock. Credit Suisse Group began coverage on shares of Apache in a research report on Monday, December 11th. They set a “neutral” rating and a $40.00 target price on the stock. Stifel Nicolaus set a $41.00 target price on shares of Apache and gave the stock a “hold” rating in a research report on Tuesday, January 30th. ValuEngine cut shares of Apache from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Barclays boosted their target price on shares of Apache from $26.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, November 20th. Finally, Scotiabank reissued a “hold” rating and set a $49.00 target price on shares of Apache in a research report on Tuesday, October 10th. Nine research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Apache presently has a consensus rating of “Hold” and a consensus price target of $45.69.
A number of institutional investors and hedge funds have recently bought and sold shares of APA. Thrivent Financial For Lutherans raised its holdings in Apache by 2.6% in the second quarter. Thrivent Financial For Lutherans now owns 14,380 shares of the energy company’s stock valued at $689,000 after acquiring an additional 360 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Apache by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,221,294 shares of the energy company’s stock worth $58,529,000 after purchasing an additional 56,470 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Apache during the second quarter worth $759,000. Janus Henderson Group PLC raised its holdings in shares of Apache by 1,390.6% during the second quarter. Janus Henderson Group PLC now owns 764,980 shares of the energy company’s stock worth $36,666,000 after purchasing an additional 713,661 shares during the period. Finally, Gotham Asset Management LLC raised its holdings in shares of Apache by 12.2% during the second quarter. Gotham Asset Management LLC now owns 51,234 shares of the energy company’s stock worth $2,456,000 after purchasing an additional 5,575 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John E. Lowe purchased 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average cost of $40.02 per share, with a total value of $120,060.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $600,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the sale, the insider now directly owns 37,469 shares in the company, valued at $1,650,134.76. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.00 annualized dividend and a yield of 2.43%. Apache’s dividend payout ratio is presently 57.47%.
TRADEMARK VIOLATION NOTICE: “Apache Co. (APA) to Post Q4 2017 Earnings of $0.27 Per Share, Capital One Financial Forecasts” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/02/07/apache-co-apa-to-post-q4-2017-earnings-of-0-27-per-share-capital-one-financial-forecasts.html.
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.
Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.