Apache Co. (APA) to Post Q4 2017 Earnings of $0.27 Per Share, Capital One Financial Forecasts

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.

Apache (NYSE APA) opened at $41.12 on Wednesday. Apache has a 12-month low of $38.14 and a 12-month high of $57.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. The company has a market cap of $15,591.98, a price-to-earnings ratio of 23.63, a PEG ratio of 4.93 and a beta of 1.05.

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%.

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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.

Earnings History and Estimates for Apache (NYSE:APA)

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