[PRNewswire] Apache Corporation (NYSE:APA) (TREND ANALYSIS), The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) has declared regular cash dividends on the company’s common shares.
The dividend on common shares of 25 cents per share is payable on May 22, 2015, to stockholders of record on April 22, 2015.
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APA reported last quarter earnings on February 12. The Oil & Gas Exploration & Production company announced earning per share of $1.07 against a consensus Street estimate of $0.76, beating the average estimate by $0.31. This corresponds to a decrease of $1.41 compared to the same quarter of the previous fiscal year.
Apache Corporation (NYSE:APA) is currently trading 35.13% below its 52-week-high, 24.83% above its 52-week-low. The 12-months range for the stock is $54.34 – $104.57. Apache Corporation (APA) has a price to book ratio of 0.97 versus S&P 500 average of 2.48. APA stock price has outperformed the S&P 500 by 5.9%. The company is currently valued at $25.57 billion and its share price closed the last trading session at $67.83. The stock has a 50-day moving average of $64.01 and a 200-day moving average of $76.25.
Apache Corporation (APA) current short interest stands at 8.13 millions shares. It has decreased by 5% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.48 millions shares, the number of days required to cover the short positions stand at 1.9 days.
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There are currently thirty-four analysts that cover APA stock. Of those thirty-four, fifteen have a Buy rating, seventeen have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Overweight rating. The consensus target price stands at $73.23.
A recent analyst activity consisted of Imperial Capital reiterating their Outperform stance on February 16. Imperial Capital decreased price target from $82 to $79. This corresponds to a 16.47% upside from the last closing price.
Company profile
Apache Corporation (NYSE:APA) an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It holds interests in 11.5 million gross acres located in the Permian Basin, the Anadarko basin, the Texas Panhandle, and the Gulf Coast onshore and offshore areas of the United States; 5.4 million gross acres in the provinces of British Columbia, Alberta, and Saskatchewan; and 9.8 million gross acres located in Western Desert, Egypt. The company also has interests in 30 exploration permits, 18 production licenses, and 9 retention leases that cover a total area of 7.9 million gross acres located in offshore Western Australia; and approximately 1.2 million gross acres located in the United Kingdom North Sea. As of December 31, 2013, it had total estimated proved reserves of 1,131 million barrels of crude oil, 292 million barrels of natural gas liquids, and 7.3 trillion cubic feet of natural gas.
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