Apache Co. Announces Quarterly Dividend of $0.25 (APA)

Apache Co. (NYSE:APA) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Investors of record on Monday, April 23rd will be given a dividend of 0.25 per share by the energy company on Tuesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, April 20th.

Apache has increased its dividend by an average of 1.7% per year over the last three years. Apache has a dividend payout ratio of 1,666.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Apache to earn $1.34 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 74.6%.

Apache (APA) traded down $0.41 during trading hours on Tuesday, reaching $37.70. 4,333,747 shares of the company were exchanged, compared to its average volume of 4,440,088. Apache has a 52 week low of $35.70 and a 52 week high of $56.67. The stock has a market capitalization of $14,360.00, a price-to-earnings ratio of 21.79, a PEG ratio of 3.97 and a beta of 1.05. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.

A number of research firms recently weighed in on APA. ValuEngine lowered shares of Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Stifel Nicolaus set a $41.00 price objective on shares of Apache and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Bank of America upped their price objective on shares of Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Scotiabank set a $49.00 price target on shares of Apache and gave the company a “hold” rating in a research report on Monday, November 13th. Finally, BMO Capital Markets reissued a “hold” rating and set a $42.00 price target on shares of Apache in a research report on Tuesday, November 7th. Nine research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.69.

In other news, insider P Anthony Lannie sold 19,514 shares of the company’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 owns 37,469 shares in the company, valued at $1,650,134.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John E. Lowe acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were bought at an average price of $40.02 per share, for a total transaction of $120,060.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $600,300. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

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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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