Apache Co. (NYSE:APA) declared a quarterly dividend on Wednesday, September 16th, RTT News reports. Investors of record on Thursday, October 22nd will be paid a dividend of 0.025 per share by the energy company on Monday, November 23rd. This represents a $0.10 dividend on an annualized basis and a yield of 0.83%.
Shares of APA stock traded up $0.12 during mid-day trading on Wednesday, reaching $12.06. The stock had a trading volume of 154,404 shares, compared to its average volume of 14,323,716. Apache has a 1-year low of $3.80 and a 1-year high of $33.77. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of -0.56 and a beta of 4.65. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.92. The business’s fifty day moving average is $14.64 and its 200-day moving average is $12.61.
Apache (NYSE:APA) last issued its earnings results on Wednesday, July 29th. The energy company reported ($0.74) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.01) by $0.27. Apache had a negative return on equity of 1.72% and a negative net margin of 131.89%. The firm had revenue of $752.00 million for the quarter, compared to analyst estimates of $708.60 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Apache’s revenue for the quarter was down 53.5% on a year-over-year basis. On average, analysts forecast that Apache will post -2.51 earnings per share for the current year.
A number of brokerages have issued reports on APA. Barclays boosted their price target on Apache from $8.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Evercore ISI upgraded shares of Apache from an “in-line” rating to an “outperform” rating and increased their target price for the company from $17.00 to $21.00 in a research report on Wednesday, August 26th. Credit Suisse Group began coverage on Apache in a research note on Tuesday, August 4th. They set a “hold” rating and a $15.00 price objective on the stock. Scotiabank boosted their price target on shares of Apache from $12.00 to $14.00 and gave the company a “sector perform” rating in a research report on Monday, July 13th. Finally, Piper Sandler raised their price objective on shares of Apache from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.10.
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.
Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.