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Spirit of America Management Corp NY Boosts Position in Apache Co
20 April 2017, 06:27 | Kelvin Horton
Paradigm Asset Mngmt Commerce Limited Co stated it has 0% in Apache Corporation (NYSE:APA). Private Wealth Advisors Inc. now owns 4,856 shares of the energy company's stock valued at $310,000 after buying an additional 22 shares in the last quarter.
The Blackrock Investment Management Llc holds 3.43M shares with $217.56M value, down from 3.45M last quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of APA. Cape Cod Five Cents Savings Bank raised its stake in shares of Apache by 8.7% in the third quarter. JNBA Financial Advisors now owns 2,558 shares of the energy company's stock valued at $162,000 after buying an additional 2,039 shares during the period. IMS Capital Management raised its stake in shares of Apache by 4.2% in the third quarter. Finally, Airain ltd boosted its position in shares of Apache Corporation by 271.6% in the second quarter. It improved, as 65 investors sold Apache Corporation shares while 256 reduced holdings. (NYSE:APA) traded down 2.01% during mid-day trading on Wednesday, hitting $49.19. The stock lost -2.68% in total of its share price. The stock's 50 day moving average is $51.68 and its 200 day moving average is $59.27. The stock's market capitalization is $18.68 billion. Apache Corporation has a 12-month low of $36.09 and a 12-month high of $69.00. Apache also was the target of unusually large options trading activity on Monday. "According to Preferred Stock Channel, there is a series of preferred stock that is senior to APA, which trades under the symbol APA.PRD - more info ". (NYSE:APA) opened at 52.37 on Monday. After $-0.06 actual EPS reported by Apache Corporation for the previous quarter, Wall Street now forecasts -683.33% EPS growth. Apache had a negative net margin of 166.56% and a negative return on equity of 4.70%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned ($0.06) EPS. Equities research analysts predict that Apache Co. will post $1.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Stockholders of record on Friday, April 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Wednesday, April 19th. Apache's dividend payout ratio (DPR) is now -4.42%.
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APA has been the topic of a number of research reports. Finally, Scotiabank set a $66.00 price target on Apache and gave the company a "hold" rating in a research report on Saturday, February 25th.
Price targets show what analysts believes a stock will be worth at the end of a certain time period. Zacks Investment Research raised shares of Apache from a "hold" rating to a "buy" rating and set a $71.00 target price on the stock in a research note on Monday, January 9th. Bank of America Corp lowered shares of Apache to an "underperform" rating in a research report on Tuesday, February 28th. Barclays PLC cut shares of Apache from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $56.00 to $50.00 in a research note on Thursday, March 2nd.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Apache Corp. the EPS stands at -0.06 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.07, suggesting the stock fell short of the analysts' expectations.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -12.11%, and has a poor year to date (YTD) performance of -20.2% which means the stock is constantly subtracting to its value from the previous fiscal year end price.
Apache Corporation is an independent energy company.
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