Apache Co. (APA) Director John E. Lowe Acquires 3,000 Shares

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.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s dividend payout ratio is 57.47%.

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.

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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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