Apache (NYSE:APA) has been assigned a $29.00 price objective by research analysts at Stifel Nicolaus in a research note issued on Monday, TipRanks reports. The firm presently has a “hold” rating on the energy company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 43.21% from the stock’s previous close.

A number of other brokerages have also recently issued reports on APA. Wolfe Research raised Apache from an “underperform” rating to a “peer perform” rating in a research report on Monday, June 3rd. Seaport Global Securities reaffirmed a “neutral” rating on shares of Apache in a research report on Friday, June 21st. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, May 20th. Morgan Stanley decreased their target price on Apache from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. Finally, Bank of America decreased their target price on Apache from $30.00 to $29.00 and set an “underperform” rating for the company in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Apache has an average rating of “Hold” and an average target price of $37.26.

Apache stock traded down $1.67 during trading hours on Monday, reaching $20.25. 4,092,954 shares of the company were exchanged, compared to its average volume of 4,616,186. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 8.78 and a beta of 1.80. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $25.25. Apache has a 12 month low of $20.08 and a 12 month high of $50.03.

Apache (NYSE:APA) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. Equities research analysts forecast that Apache will post 0.42 earnings per share for the current fiscal year.

In related news, Director Juliet S. Ellis bought 3,500 shares of Apache stock in a transaction on Friday, May 24th. The shares were purchased at an average price of $27.26 per share, for a total transaction of $95,410.00. Following the completion of the acquisition, the director now owns 3,500 shares in the company, valued at $95,410. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John E. Lowe bought 5,000 shares of Apache stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $21.83 per share, for a total transaction of $109,150.00. Following the acquisition, the director now owns 30,000 shares of the company’s stock, valued at approximately $654,900. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 10,500 shares of company stock worth $256,400. 0.69% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of APA. Vanguard Group Inc. increased its position in shares of Apache by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 42,493,393 shares of the energy company’s stock worth $1,231,034,000 after purchasing an additional 720,427 shares during the last quarter. Holocene Advisors LP increased its position in shares of Apache by 231.2% during the 2nd quarter. Holocene Advisors LP now owns 1,000,664 shares of the energy company’s stock worth $28,989,000 after purchasing an additional 698,548 shares during the last quarter. National Pension Service increased its position in shares of Apache by 6.5% during the 2nd quarter. National Pension Service now owns 483,222 shares of the energy company’s stock worth $13,999,000 after purchasing an additional 29,384 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Apache by 12.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 236,060 shares of the energy company’s stock worth $6,837,000 after purchasing an additional 25,793 shares during the last quarter. Finally, NumerixS Investment Technologies Inc increased its position in shares of Apache by 83.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,000 shares of the energy company’s stock worth $290,000 after purchasing an additional 4,558 shares during the last quarter. Hedge funds and other institutional investors own 96.42% 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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Analyst Recommendations for Apache (NYSE:APA)

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