Apache Co. (NYSE:APA) declared a — dividend on Friday, September 13th, Wall Street Journal reports. Investors of record on Tuesday, October 22nd will be paid a dividend of 0.25 per share by the energy company on Friday, November 22nd. This represents a yield of 4.1%. The ex-dividend date of this dividend is Monday, October 21st.
NYSE:APA traded up $0.35 during mid-day trading on Friday, reaching $24.43. The stock had a trading volume of 4,287,087 shares, compared to its average volume of 4,940,564. The stock has a 50-day simple moving average of $23.21 and a two-hundred day simple moving average of $25.70. The stock has a market capitalization of $9.01 billion, a PE ratio of 13.80 and a beta of 1.87. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 1.03. Apache has a 12 month low of $19.44 and a 12 month high of $38.12.
Apache (NYSE:APA) last issued its earnings results on Wednesday, October 30th. The energy company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.10). Apache had a negative net margin of 14.78% and a positive return on equity of 1.08%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $0.63 EPS. Equities analysts expect that Apache will post -0.09 EPS for the current year.
A number of analysts have weighed in on the stock. Mitsubishi UFJ Financial Group restated a “neutral” rating and issued a $28.00 target price (down previously from $39.00) on shares of Apache in a research report on Tuesday, October 8th. MKM Partners assumed coverage on shares of Apache in a research report on Monday, September 16th. They issued a “neutral” rating and a $26.00 target price on the stock. KeyCorp assumed coverage on shares of Apache in a research report on Monday, October 28th. They issued a “sector weight” rating on the stock. Raymond James cut their target price on shares of Apache from $32.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Stifel Nicolaus set a $29.00 target price on shares of Apache and gave the company a “hold” rating in a research report on Monday, August 12th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.67.
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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