Finally, Raymond James Financial Inc. boosted their price target on shares of Apache Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday.
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Coming to the quarter ending on 2015-12-31, Apache Corporation (NYSE:APA) recorded EPS of $-0.26.
Also covering Apache Corporation’s target price, a total of 31 firms have issued a report on APA. Finally, Iberia Capital upped their price objective on shares of Apache Corp. from $53.00 to $60.00 and gave the stock a sector perform rating in a report on Thursday, May 26th. The company has an average rating of “Hold” and a consensus target price of $56.08.
It looks like Apache Corp. (NYSE:APA) traded 2.22 Million shares and was closed at 51.67. One Month Ago, stock has been recommended as “BUY” from “7” and “3” given “OVERWEIGHT” rating for the company. (NYSE:GS) traded 2.03 Million shares on last trading day with closing price of $169.33. The stock volatility for week was 4.21% while for month was 3.06%.The stock, as of last close, traded 86.16% to its 52 week low and was changed 0.12% from its 52 week high.
Apache Corp. (NYSE:APA) last issued its quarterly earnings data on Thursday, August 4th. Looking forward, analysts on average predict that earnings for the current quarter would come in between $-0.48 and $0.40. Apache Corp. The business earned $1.38 billion during the quarter, compared to the consensus estimate of $1.31 billion. Over the last 3 months and over the last 6 months, the shares of Apache Corp. (APA) managed to surpass quarterly earnings per share estimates in 8 of the trailing three fiscal years, and has a positive trend with an average surprise of 66%. ATR value of corporation was 0.39.
Several hedge funds have recently modified their holdings of APA. DnB Asset Management AS boosted its stake in Apache Corp.by 27.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 429,161 shares of the energy company’s stock valued at $20,948,000 after buying an additional 5,052 shares during the last quarter. Williams Jones & Associates LLC acquired a new position in Apache Corp. during the first quarter worth $120,000. Envestnet Asset Management Inc. increased its position in Apache Corp.by 43.6% in the first quarter. DnB Asset Management AS now owns 29,316 shares of the energy company’s stock valued at $1,431,000 after buying an additional 6,400 shares during the last quarter.
Intel Corporation (NASDAQ:INTC) is to acquire Movidius, a company that creates so-called “computer vision” chips which will play a key role in technologies from virtual reality (VR) to driverless cars, the company announced Tuesday. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. As of December 31 2014 Apache had exploration and production interests in five countries: the United States Canada Egypt Australia and the United Kingdom.
The buoyancy in the outlook of Apache Corp.
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