Apache Corporation Common Stock (NYSE:APA):
Apache Corporation To Release Third-Quarter 2016 Results Nov. 3.
The company is down by -1.57% since yesterday’s close of $61.69.
Additionally the company declared a dividend to be paid on Tuesday November 22nd, 2016. The dividend will be $0.250 per share for the quarter or $1.00 annualized. The dividend yield will be $1.62. The ex-dividend date will be Wednesday October 19th, 2016.
Company chares are trading at $60.72 which is marginally under $61.48, the 50 day moving average and a bit higher than the 200 day moving average of $55.96. The 50 day moving average was down by -1.23% whereas the 200 day moving average was up $4.76 or +8.50%.
As of the last earnings report the EPS was $-56.89 and is expected to be $-0.77 for the current year with 379,423,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.03 with next year’s EPS anticipated to be $1.20.
Several ratings firms have provided guidance on the company recently. On September 26 analysts at Mitsubishi UFG started coverage giving it an initial rating of “Neutral” and projecting a price target of $64.00. September 12 investment analysts at Jefferies maintained a company rating of “Underperform” but lowered the price expectation to $47.00 from $59.00.
On September 12 the company was upgraded to “Peer Perform” from “Peerperform” in a statement from Wolfe Research. On September 12, 2016 the stock rating was set at “Overweight” in a report from Atlantic Equities which was a boost from the previous “” rating.
On September 9 Citigroup left the stock rating at “Neutral” but moved up the price target from $54.00 to $58.00. On September 8 Citigroup maintained a stock rating of “Neutral” but lowered the price target from $55.00 to $54.00.