Apache Corp (NYSE:APA) shares traded 1.61% up during most recent session to reach at the closing price of $30.35. The stock exchanged hands 3.23 Million shares versus average trading capacity of 4.97 Million shares, yielding a market cap of $11.77 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $37.3 within the next 52-weeks. The mean target projections are based on 30 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Apache Corp (NYSE:APA) high price target of $65 and with a conservative view have low price target of $23.
Barclays “Initiates Coverage On” Apache Corp (NYSE:APA) in a research note issued to investors on 1/16/19 to Underweight with price target of $29.
Additionally on 12/10/18 Seaport Global “Upgrades” Apache Corp (NYSE:APA) to Buy setting price target at $34 and on 11/20/18 Morgan Stanley “Maintained” the stock to Underweight at $35. Furthermore on 11/20/18 Citigroup “Maintained” the stock to Neutral at $42.
On the other hand the company has Relative Strength Index (RSI 14) of 43.15 along with Average True Range (ATR 14) of 1.11, Consequently Apache Corp (NYSE:APA)’s weekly and monthly volatility is 3.60%, 3.21% respectively. The company’s beta value is at 1.77.
In terms of Buy, Sell or Hold recommendations, Apache Corp (NYSE:APA) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Apache Corp (NYSE:APA)’s minimum EPS for the current quarter is at $-0.03 and can go high up to $0.51. The consensus mean EPS for the current quarter is at $0.24 derived from a total of 26 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.33 earnings per share for the same quarter during last year.
Previously Apache Corp (NYSE:APA) reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.16. The company posted an earnings surprise of 34%.
Apache Corp (NYSE:APA)’s revenue estimates for the current quarter are $1.79 Billion according to 11 number of analysts, for the current quarter the company has high revenue estimates of $1.93 Billion in contradiction of low revenue estimates of $1.67 Billion. For the current year the company’s revenue estimates are $7.43 Billion compared to low analyst estimates of $7.32 Billion and high estimates of $7.58 Billion according to 13 number of analysts.
Currently Apache Corp (NYSE:APA)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 98.8%. However the six-month change in the insider ownership was recorded -1.52%, as well as three-month change in the institutional ownership was recorded -0.77%.
Apache Corp (NYSE:APA)’s trailing twelve month revenues are $7.22 Billion, whereas its price to sales ratio for the same period is 1.63. Its book value per share for the most recent quarter is $19.87 while its price to book ratio for the same period is 1.53, as for as the company’s cash per share for the most recent quarter is $1.53, however its price to cash per share ratio for the same period is 19.85. The stock has 5 year expected PEG ratio of 0.16 whereas its trailing twelve month P/E ratio is 11.76.