Apache Corporation (APA) PT Raised to $30.00

Apache Corporation (NYSE:APA) had its price target boosted by Barclays PLC from $26.00 to $30.00 in a report issued on Monday. The firm currently has an “underweight” rating on the energy company’s stock. Barclays PLC’s price target points to a potential downside of 27.47% from the stock’s previous close.

APA has been the subject of a number of other reports. Scotiabank reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Apache Corporation in a research report on Tuesday, October 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apache Corporation in a research report on Thursday, September 21st. Citigroup Inc. cut their price objective on Apache Corporation from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Royal Bank Of Canada set a $55.00 price objective on Apache Corporation and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, BidaskClub cut Apache Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Apache Corporation currently has an average rating of “Hold” and an average target price of $48.06.

Shares of Apache Corporation (NYSE:APA) traded up $0.18 during midday trading on Monday, reaching $41.36. The company had a trading volume of 1,364,362 shares, compared to its average volume of 3,650,574. Apache Corporation has a 1 year low of $38.14 and a 1 year high of $69.00. 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 Corporation (NYSE:APA) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.09. Apache Corporation had a negative return on equity of 0.70% and a net margin of 10.60%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm posted ($0.03) earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. equities research analysts anticipate that Apache Corporation will post -0.01 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in APA. Hotchkis & Wiley Capital Management LLC lifted its holdings in Apache Corporation by 658.0% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,427,314 shares of the energy company’s stock worth $355,991,000 after buying an additional 6,447,400 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Apache Corporation by 58.0% in the 2nd quarter. Baillie Gifford & Co. now owns 12,429,930 shares of the energy company’s stock valued at $595,767,000 after purchasing an additional 4,561,430 shares during the period. Harris Associates L P lifted its stake in shares of Apache Corporation by 14.3% in the 2nd quarter. Harris Associates L P now owns 18,741,407 shares of the energy company’s stock valued at $898,275,000 after purchasing an additional 2,343,985 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Apache Corporation in the 3rd quarter valued at about $93,596,000. Finally, Orbis Allan Gray Ltd lifted its stake in shares of Apache Corporation by 11.5% in the 2nd quarter. Orbis Allan Gray Ltd now owns 13,381,672 shares of the energy company’s stock valued at $641,384,000 after purchasing an additional 1,381,096 shares during the period. 93.63% of the stock is currently owned by hedge funds and other institutional investors.

Apache Corporation Company Profile

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.

Analyst Recommendations for Apache Corporation (NYSE:APA)

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