Apache Corporation (APA) was Initiated by Credit Agricole to “Underperform”. Credit Agricole advised their investors in a research report released on Jun 22, 2016.
Many Wall Street Analysts have commented on Apache Corporation. Apache Corporation was Upgraded by Scotia Howard Weil to ” Sector Outperform” on May 16, 2016. Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 56 from a previous price target of $54 .Apache Corporation was Upgraded by Wells Fargo to ” Outperform” on Apr 8, 2016.
On the company’s financial health, Apache Corporation reported $-0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.48 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.88.Analysts expectations of $ 1099.99.During the same quarter in the previous year, the company posted $-0.37 EPS.
Apache Corporation opened for trading at $54.82 and hit $57 on the upside on Tuesday, eventually ending the session at $56.63, with a gain of 2.37% or 1.31 points. The heightened volatility saw the trading volume jump to 28,97,007 shares. Company has a market cap of $21,436 M.
Investors should note that on May 12, 2016, Apache Corporation announced a cash dividend of $0.2500. The company’s management has announced Jul 20, 2016 as the ex-dividend date and fixed the record date on Jul 22, 2016. The payable date has been fixed on Aug 22, 2016.
In a different news, on Aug 31, 2015, Margery M Harris (Exec. Vice President) purchased 1,115 shares at $42.00 per share price. According to the SEC, on Aug 27, 2015, W Kregg Olson (Exec. Vice President) purchased 2,500 shares at $39.50 per share price. On Aug 27, 2015, Stephen J Riney (CFO) purchased 6,000 shares at $39.54 per share price, according to the Form-4 filing with the securities and exchange commission.
Apache Corporation (Apache) is an independent energy company which explores for develops and produces natural gas crude oil and natural gas liquids. As of December 31 2014 Apache had exploration and production interests in five countries: the United States Canada Egypt Australia and the United Kingdom. During the year ended December 31 2014 it participated in drilling 1478 gross wells with 1407 (95%) completed as producers. As of December 31 2013 in addition to its completed wells several wells had not reached completion: 318 gross (214.7 net) in the United States; 27 gross (19.0 net) in Canada; 35 gross (32.5 net) in Egypt and 3 gross (2.2 net) in the North Sea. The Company’s operations in United States and Canada are constituted under its North America business while its International business constitutes its operations in Egypt Australia and the United Kingdom in the North Sea.