Apache (NYSE:APA) had its price target lifted by UBS Group from $4.50 to $15.00 in a report released on Monday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the energy company’s stock. UBS Group’s price target suggests a potential upside of 12.53% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Mizuho increased their target price on Apache from $10.00 to $17.00 in a research report on Friday, June 19th. Piper Sandler cut their price objective on Apache from $37.00 to $5.00 in a report on Wednesday, March 25th. Bank of America increased their target price on Apache from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Morgan Stanley increased their target price on Apache from $6.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Finally, KeyCorp lowered their target price on Apache from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.59.
Apache stock opened at $13.33 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of -0.63 and a beta of 4.65. Apache has a fifty-two week low of $3.80 and a fifty-two week high of $33.77. The stock’s fifty day moving average is $13.00 and its two-hundred day moving average is $17.80.
Apache (NYSE:APA) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.20. Apache had a negative return on equity of 1.72% and a negative net margin of 131.89%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business earned $0.10 earnings per share. The business’s revenue was down 22.8% on a year-over-year basis. As a group, sell-side analysts forecast that Apache will post -2.51 EPS for the current fiscal year.
In other Apache news, insider P Anthony Lannie acquired 32,942 shares of the stock in a transaction on Monday, April 6th. The stock was purchased at an average price of $6.52 per share, for a total transaction of $214,781.84. Following the purchase, the insider now directly owns 155,334 shares in the company, valued at $1,012,777.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its position in shares of Apache by 17.9% in the 1st quarter. State Street Corp now owns 24,284,925 shares of the energy company’s stock worth $101,511,000 after acquiring an additional 3,694,392 shares in the last quarter. Davis Selected Advisers grew its position in shares of Apache by 3.3% in the 1st quarter. Davis Selected Advisers now owns 20,789,074 shares of the energy company’s stock worth $86,898,000 after acquiring an additional 657,445 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Apache by 5.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 15,857,066 shares of the energy company’s stock worth $405,782,000 after acquiring an additional 876,050 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Apache by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 5,891,584 shares of the energy company’s stock worth $24,578,000 after acquiring an additional 117,820 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Apache by 49.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,155,062 shares of the energy company’s stock worth $106,327,000 after purchasing an additional 1,369,676 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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