Deutsche Bank AG upped their price objective on Apache Corp. from $53.00 to $57.00 and gave the stock a “hold” rating in a report on Thursday. Apache also pursues exploration interests in other countries.
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Displaying a price of $59.08, Apache Corporation (NYSE:APA) traded 2.38% higher on the day. In a recent information released to the investors, Barclays raises the new price target from $49 per share to $50 per share. Howard Weil raised Apache Corp. from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 16th. The company stock was downgraded to Neutral from Buy, wrote analysts at Citigroup, in a research note issued to clients on Tuesday August 09, 2016. The company has an average rating of “Hold” and a consensus price target of $55.31. Analysts, on average, forecast Apache Corp.to earn $0.06 per share (EPS) on revenue of $1.44B. (APA) purchased shares in a trading activity completed on Thursday August 27, 2015. 5,978,059 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $51.68 and its 200 day moving average price is $52.09. (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%. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Apache Corp.’s quarterly revenue was down 38.5% on a year-over-year basis. During the same quarter previous year, the business earned $0.22 earnings per share. NN Investment Partners Holdings N.V. acquired a new stake in Apache Corp. during the first quarter worth approximately $107,000. Dodge & Cox boosted its position in shares of Apache Corp.by 12.5% in the first quarter. Zions Bancorporation now owns 2,332 shares of the energy company’s stock worth $115,000 after buying an additional 21 shares during the period. JNBA Financial Advisors boosted its stake in Apache Corp.by 99.1% in the second quarter. Franklin Resources Inc. now owns 15,268,708 shares of the energy company’s stock worth $745,272,000 after buying an additional 1,537,564 shares during the last quarter.
Apache Corporation has 379,423,000 shares in issue which have a share price of 56.59 giving Apache Corporation a market capitalisation of 21.47B Dollars. Institutional ownership in the company is 96.10% while the short ratio is 5.8.
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On 2016-05-13, Apache Corporation (NYSE:APA) confirmed the dividend disbursement of $0.25 a share to shareholders as on record 2016-07-22. 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.
