Apache Corporation Common Stock (NYSE:APA):
Apache Releases 2016 Sustainability Report.
The company is now down by -1.57% since yesterday’s close of $61.69.
Additionally the company recently declared a dividend for shareholders payable on Tuesday the 22nd of November 2016. The dividend will be $0.250 per share for the quarter or $1.00 on an annualized basis. This dividend represents a yeild of $1.62 which is the dividend as a percentage of the current share price. The ex-dividend date is Wednesday the 19th of October 2016.
It is currently trading at $60.72 which is marginally lower than the 50 day moving average which is $61.48 and marginally over the 200 day moving average of $55.96. The 50 day moving average was down $-0.76 and the 200 day average went up by +8.50%.
In 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. Next quarter’s EPS is forecasted at $0.03 and the next full year EPS is projected to be $1.20.
Ratings firms have weighed in on Apache Corporation Common Stock of late. On September 26, 2016 Mitsubishi UFG began coverage of the stock with a rating of “Neutral” and setting a price target of $64.00. September 12 investment analysts at Jefferies held the company rating at “Underperform” and lowered the price expectation from $59.00 to $47.00.
On September 12, 2016 the stock rating was changed to a “Peer Perform” according to a Wolfe Research report up from the previous “Peerperform” rating. On September 12 the company was upgraded to “Overweight” from “” by Atlantic Equities.
On September 9 Citigroup kept the company rating at “Neutral” but raised the price expectation to $58.00 from $54.00. On September 8 Citigroup maintained a stock rating of “Neutral” and moved down the price target from $55.00 to $54.00.