CLSA Initiates Coverage on Apache Corporation(NYSE:APA). The shares have been rated Underperform. The rating by CLSA was issued on Jun 22, 2016.
In a different note, On May 26, 2016, iBERIA Capital Partners said it Maintains its rating on Apache Corporation. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Sector Perform’ by the firm. On May 16, 2016, Scotia Howard Weil said it Upgrades its rating on Apache Corporation. The shares have been rated ‘Outperform’ by the firm. On Apr 8, 2016, Wells Fargo said it Upgrades its rating on Apache Corporation. The shares have been rated ‘Outperform’ by the firm. On Apr 7, 2016, Citigroup said it Maintains its rating on Apache Corporation. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 29, 2016, Deutsche Bank said it Maintains its rating on Apache Corporation. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Hold’ by the firm.
Apache Corporation (APA) shares turned negative on Mondays trading session with the shares closing down -2.86 points or -5.21% at a volume of 40,84,473. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.16. The peak price level was also seen at $54.16 while the days lowest was $51.38. Finally the shares closed at $52. The 52-week high of the shares is $59.59 while the 52-week low is $32.195. According to the latest information available, the market cap of the company is $19,684 M.
Apache Corporation has also declared a cash dividend of $0.2500 on May 12, 2016. The shares will quote ex-dividend on Jul 20, 2016 and the record date has been fixed on Jul 22, 2016. The dividend payable date has been fixed on Aug 22, 2016.
Apache Corporation(APA) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.05B. Analysts had an estimated revenue of $1.10B. Earnings per share were $-0.40. Analysts had estimated an EPS of $-0.90.
Several Insider Transactions has been reported to the SEC. On Aug 31, 2015, Margery M Harris (Exec. Vice President) purchased 1,115 shares at $42.00 per share price.Also, 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.