Trading Report: Today, 8,000 Shares of Stock are sold by Apache Corp. (APA) Insider James L. House

Today, 8,000 Shares of Stock are sold by Apache Corp. (APA) Insider James L. House

Apache Corp. (NYSE:APA) insider James L. House sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $63.38, for a total transaction of $507,040.00. Following the sale, the insider now directly owns 2,057 shares in the company, valued at approximately $130,372.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apache Corp. (NYSE:APA) opened at 61.35 on Tuesday. Apache Corp. has a 52-week low of $32.20 and a 52-week high of $66.00. The stock’s 50 day moving average is $61.00 and its 200-day moving average is $56.88. The company’s market capitalization is $23.28 billion.

Apache Corp. (NYSE:APA) last announced its earnings results on Thursday, November 3rd. The energy company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. Apache Corp. had a negative net margin of 166.56% and a negative return on equity of 4.70%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. Analysts predict that Apache Corp. will post ($1.00) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Friday, October 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Wednesday, October 19th. Apache Corp.’s payout ratio is -4.42%.

A number of analysts have weighed in on APA shares. Credit Suisse Group AG reaffirmed a “hold” rating and set a $67.00 target price on shares of Apache Corp. in a research note on Monday, September 12th. Citigroup Inc. cut shares of Apache Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $53.00 in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Vetr raised shares of Apache Corp. from a “sell” rating to a “hold” rating and set a $51.00 target price on the stock in a research note on Monday, August 29th. Jefferies Group reaffirmed a “sell” rating on shares of Apache Corp. in a research note on Thursday, August 11th. Finally, Zacks Investment Research cut shares of Apache Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Apache Corp. currently has a consensus rating of “Hold” and a consensus target price of $58.83.

Large investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its stake in shares of Apache Corp. by 328.7% in the first quarter. Panagora Asset Management Inc. now owns 141,033 shares of the energy company’s stock worth $6,884,000 after buying an additional 108,139 shares during the last quarter. Babson Capital Management LLC raised its stake in shares of Apache Corp. by 218.2% in the first quarter. Babson Capital Management LLC now owns 31,647 shares of the energy company’s stock worth $1,545,000 after buying an additional 21,700 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Apache Corp. by 26.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,008 shares of the energy company’s stock worth $487,000 after buying an additional 2,066 shares during the last quarter. Cullinan Associates Inc. raised its stake in shares of Apache Corp. by 1.7% in the second quarter. Cullinan Associates Inc. now owns 42,500 shares of the energy company’s stock worth $2,366,000 after buying an additional 700 shares during the last quarter. Finally, Patten & Patten Inc. TN raised its stake in shares of Apache Corp. by 3.8% in the second quarter. Patten & Patten Inc. TN now owns 6,895 shares of the energy company’s stock worth $384,000 after buying an additional 250 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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