Seaport Global Securities Research Analysts Raise Earnings Estimates for Apache Co. (APA)

Apache Co. (NYSE:APA) – Research analysts at Seaport Global Securities lifted their FY2017 earnings estimates for shares of Apache in a research report issued on Monday. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will earn $0.14 per share for the year, up from their previous estimate of $0.13. Seaport Global Securities also issued estimates for Apache’s Q4 2017 earnings at $0.23 EPS.

A number of other equities research analysts have also weighed in on APA. ValuEngine lowered Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Stifel Nicolaus set a $41.00 price target on Apache and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Morgan Stanley boosted their price target on Apache from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. BMO Capital Markets set a $45.00 price target on Apache and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Bank of America boosted their price target on Apache from $41.00 to $42.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $45.69.

Shares of Apache (APA) opened at $41.12 on Wednesday. Apache has a 52 week low of $38.14 and a 52 week high of $57.90. The firm has a market capitalization of $15,591.98, a PE ratio of 23.63, a PEG ratio of 4.93 and a beta of 1.05. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. Apache’s dividend payout ratio is currently 57.47%.

In other news, Director John E. Lowe bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average price of $40.02 per share, for a total transaction of $120,060.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $600,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $44.04, for a total value of $859,396.56. Following the completion of the sale, the insider now owns 37,469 shares in the company, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new stake in Apache in the third quarter valued at approximately $134,000. Valeo Financial Advisors LLC acquired a new position in Apache in the third quarter valued at approximately $135,000. Gs Investments Inc. acquired a new position in Apache in the second quarter valued at approximately $149,000. North Star Asset Management Inc. acquired a new position in Apache in the third quarter valued at approximately $206,000. Finally, Deprince Race & Zollo Inc. acquired a new position in Apache in the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

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Apache Company Profile

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.

Earnings History and Estimates for Apache (NYSE:APA)

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