Apache Co. (NYSE:APA) 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 in the company, valued at $600,300. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Apache Co. (NYSE:APA) traded up $0.05 during midday trading on Friday, hitting $39.47. 4,646,372 shares of the company’s stock were exchanged, compared to its average volume of 2,769,609. Apache Co. has a one year low of $38.14 and a one year high of $67.42. 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 (NYSE:APA) last announced its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.09. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue was down 3.5% on a year-over-year basis. equities research analysts anticipate that Apache Co. will post 0.03 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Utah Retirement Systems grew its position in shares of Apache by 0.6% during the 2nd quarter. Utah Retirement Systems now owns 69,785 shares of the energy company’s stock worth $3,345,000 after buying an additional 400 shares during the period. ARGA Investment Management LP grew its position in shares of Apache by 27.8% during the 2nd quarter. ARGA Investment Management LP now owns 88,829 shares of the energy company’s stock worth $4,258,000 after buying an additional 19,300 shares during the period. Hosking Partners LLP grew its position in shares of Apache by 97.4% during the 2nd quarter. Hosking Partners LLP now owns 90,472 shares of the energy company’s stock worth $4,336,000 after buying an additional 44,629 shares during the period. Mitchell Group Inc. grew its position in shares of Apache by 2.1% during the 2nd quarter. Mitchell Group Inc. now owns 593,457 shares of the energy company’s stock worth $28,444,000 after buying an additional 12,438 shares during the period. Finally, Westpac Banking Corp grew its position in shares of Apache by 4.6% during the 2nd quarter. Westpac Banking Corp now owns 158,502 shares of the energy company’s stock worth $7,597,000 after buying an additional 6,900 shares during the period. Institutional investors own 94.69% of the company’s stock.
Several brokerages recently issued reports on APA. Credit Suisse Group began 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. Scotiabank reissued a “hold” rating and set a $49.00 price target on shares of Apache in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Apache from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. 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 note on Monday, November 20th. Finally, Jefferies Group set a $35.00 target price on shares of Apache and gave the stock a “sell” rating in a research note on Tuesday, August 29th. Ten 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. The stock has an average rating of “Hold” and an average price target of $46.24.
Apache 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.
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