Apache (NYSE:APA) has been given a $51.00 price objective by investment analysts at Royal Bank of Canada in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the energy company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 23.61% from the stock’s previous close.
Several other equities research analysts have also issued reports on APA. Jefferies Group set a $35.00 price objective on shares of Apache and gave the stock a “sell” rating in a research report on Wednesday. Credit Suisse Group assumed coverage on shares of Apache in a report on Monday, December 11th. They set a “neutral” rating and a $40.00 price target for the company. BMO Capital Markets set a $45.00 price target on shares of Apache and gave the company a “hold” rating in a report on Tuesday, October 10th. Bank of America raised their price target on shares of Apache from $41.00 to $42.00 and gave the company an “underperform” rating in a report on Monday, November 6th. Finally, Scotiabank set a $49.00 price target on shares of Apache and gave the company a “hold” rating in a report on Monday, November 13th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Apache has a consensus rating of “Hold” and a consensus target price of $45.82.
Shares of Apache (NYSE:APA) opened at $41.26 on Wednesday. Apache has a 52-week low of $38.14 and a 52-week high of $67.42. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.
In related news, Director John E. Lowe acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of $40.02 per share, with a total value of $120,060.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $600,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was 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 of the company’s stock, valued at $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in shares of Apache in the 3rd quarter worth about $134,000. EagleClaw Capital Managment LLC lifted its position in Apache by 5.6% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 44,610 shares of the energy company’s stock valued at $2,040,000 after purchasing an additional 2,377 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in Apache in the 3rd quarter valued at about $987,000. Security National Bank of Sioux City Iowa IA lifted its position in Apache by 8.3% in the 3rd quarter. Security National Bank of Sioux City Iowa IA now owns 27,397 shares of the energy company’s stock valued at $1,255,000 after purchasing an additional 2,103 shares during the last quarter. Finally, Marco Investment Management LLC lifted its position in Apache by 23.4% in the 3rd quarter. Marco Investment Management LLC now owns 153,130 shares of the energy company’s stock valued at $7,013,000 after purchasing an additional 29,055 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.
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.
