Apergy (NYSE:APY) announced its earnings results on Wednesday. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01, Briefing.com reports. Apergy had a return on equity of 10.86% and a net margin of 7.60%. The business had revenue of $306.05 million during the quarter, compared to analysts’ expectations of $310.64 million. The company’s revenue was up .1% compared to the same quarter last year. Apergy updated its Q3 2019 guidance to EPS.

Shares of APY stock traded up $1.47 during trading hours on Friday, reaching $31.86. The company had a trading volume of 1,051,852 shares, compared to its average volume of 499,916. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.63 and a quick ratio of 1.44. The stock has a fifty day simple moving average of $31.78. The firm has a market cap of $2.47 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.31 and a beta of 2.19. Apergy has a 12-month low of $25.85 and a 12-month high of $46.11.

Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of Apergy by 0.8% in the second quarter. Nisa Investment Advisors LLC now owns 52,342 shares of the company’s stock valued at $1,756,000 after purchasing an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Apergy by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 31,351 shares of the company’s stock valued at $1,052,000 after purchasing an additional 442 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Apergy by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 46,839 shares of the company’s stock valued at $1,923,000 after purchasing an additional 552 shares in the last quarter. Mason Street Advisors LLC grew its position in shares of Apergy by 1.5% in the first quarter. Mason Street Advisors LLC now owns 41,134 shares of the company’s stock valued at $1,689,000 after purchasing an additional 623 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Apergy by 1.1% in the second quarter. Arizona State Retirement System now owns 56,169 shares of the company’s stock valued at $1,884,000 after purchasing an additional 625 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

A number of equities analysts have commented on the company. Citigroup cut Apergy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $41.00 to $34.00 in a report on Tuesday, July 9th. Bank of America reissued an “underperform” rating and set a $1.25 target price (down previously from $4.50) on shares of Superior Energy Services in a report on Tuesday, June 25th. Jefferies Financial Group raised SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a report on Tuesday, June 25th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, Piper Jaffray Companies assumed coverage on Apergy in a report on Wednesday, April 3rd. They set an “overweight” rating and a $41.03 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Apergy currently has a consensus rating of “Buy” and a consensus target price of $42.80.

Apergy Company Profile

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through two segments, Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts; and automation and digital equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.

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Earnings History for Apergy (NYSE:APY)

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