Apache Sees Unusually High Options Volume (APA)

Apache Co. (NYSE:APA) was the recipient of unusually large options trading on Wednesday. Traders bought 46,074 call options on the company. This is an increase of 2,074% compared to the typical volume of 2,119 call options.

APA opened at $31.21 on Thursday. The stock has a market capitalization of $12.05 billion, a PE ratio of 130.04, a P/E/G ratio of 6.10 and a beta of 1.53. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.90. Apache has a 12 month low of $24.56 and a 12 month high of $50.03.

Apache (NYSE:APA) last released its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.89 billion. Apache had a return on equity of 7.71% and a net margin of 12.11%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, analysts predict that Apache will post 1.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Tuesday, January 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.20%. Apache’s dividend payout ratio is presently 416.67%.

Large investors have recently made changes to their positions in the stock. Dodge & Cox boosted its position in Apache by 1.1% during the 3rd quarter. Dodge & Cox now owns 39,601,676 shares of the energy company’s stock valued at $1,887,812,000 after acquiring an additional 415,850 shares in the last quarter. Northern Trust Corp boosted its position in Apache by 2.4% during the 2nd quarter. Northern Trust Corp now owns 4,819,284 shares of the energy company’s stock valued at $225,301,000 after acquiring an additional 111,798 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Apache by 24.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,545,996 shares of the energy company’s stock valued at $216,696,000 after acquiring an additional 901,022 shares in the last quarter. Clearbridge Investments LLC boosted its position in Apache by 62.6% during the 3rd quarter. Clearbridge Investments LLC now owns 2,481,181 shares of the energy company’s stock valued at $118,278,000 after acquiring an additional 955,266 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Apache by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 1,805,545 shares of the energy company’s stock valued at $86,077,000 after acquiring an additional 46,829 shares in the last quarter. Institutional investors own 96.25% of the company’s stock.

APA has been the subject of a number of analyst reports. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, September 27th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $55.00 price target on shares of Apache in a report on Tuesday, November 27th. Scotiabank reaffirmed a “hold” rating and issued a $55.00 price target on shares of Apache in a report on Thursday, September 27th. ValuEngine lowered Apache from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Apache in a report on Monday, November 26th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. Apache has a consensus rating of “Hold” and an average price target of $43.00.

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Apache Company Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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