Apache Corporation (NYSE:APA) – Equities researchers at Capital One Financial Corporation lowered their Q3 2017 EPS estimates for Apache Corporation in a research note issued to investors on Tuesday. Capital One Financial Corporation analyst R. Tullis now forecasts that the energy company will post earnings per share of $0.07 for the quarter, down from their previous estimate of $0.08. Capital One Financial Corporation also issued estimates for Apache Corporation’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.09 EPS and FY2018 earnings at $0.26 EPS.
Apache Corporation (NYSE:APA) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.22). Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the company earned ($0.26) EPS. The company’s revenue was up .1% on a year-over-year basis. WARNING: This piece was first published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/10/12/q3-2017-earnings-estimate-for-apache-corporation-issued-by-capital-one-financial-corporation-apa.html.
Several other analysts have also recently commented on the company. Zacks Investment Research cut Apache Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group LLC set a $35.00 target price on Apache Corporation and gave the company a “sell” rating in a research report on Tuesday, August 29th. Wells Fargo & Company restated a “market perform” rating and issued a $48.00 target price (down from $55.00) on shares of Apache Corporation in a research report on Saturday, July 22nd. BidaskClub upgraded Apache Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Cowen and Company set a $50.00 target price on Apache Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. Nine equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Apache Corporation has an average rating of “Hold” and an average price target of $49.06.
Apache Corporation (APA) opened at 41.96 on Wednesday. Apache Corporation has a one year low of $38.14 and a one year high of $69.00. The company’s 50-day moving average price is $42.36 and its 200-day moving average price is $46.75. The firm’s market cap is $15.98 billion.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, October 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, October 20th. Apache Corporation’s payout ratio is -4,997.50%.
In related news, Director John E. Lowe bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $40.32 per share, for a total transaction of $80,640.00. Following the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $483,840. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John E. Lowe bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $44.90 per share, for a total transaction of $112,250.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $449,000. The disclosure for this purchase can be found here. Insiders purchased a total of 5,500 shares of company stock worth $235,094 over the last 90 days. Insiders own 0.48% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Invictus RG acquired a new position in shares of Apache Corporation in the 1st quarter worth $100,000. Hanson McClain Inc. acquired a new position in shares of Apache Corporation in the 2nd quarter worth $106,000. Parallel Advisors LLC grew its holdings in shares of Apache Corporation by 7.4% in the 1st quarter. Parallel Advisors LLC now owns 2,346 shares of the energy company’s stock worth $114,000 after acquiring an additional 161 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Apache Corporation in the 2nd quarter worth $142,000. Finally, Gs Investments Inc. acquired a new position in shares of Apache Corporation in the 2nd quarter worth $149,000. Institutional investors and hedge funds own 95.00% of the company’s stock.
About Apache Corporation
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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