Apache Corporation (NYSE:APA) declared a quarterly dividend on Monday, February 13th. Stockholders of record on Friday, April 21st will be given a dividend of 0.25 per share by the energy company on Monday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%.
Apache Corporation (NYSE:APA) opened at 57.18 on Tuesday. Apache Corporation has a 52-week low of $34.66 and a 52-week high of $69.00. The stock’s 50 day moving average price is $61.34 and its 200-day moving average price is $59.79. The company’s market cap is $21.70 billion.
APA has been the subject of several research analyst reports. Zacks Investment Research downgraded Apache Corporation from a “buy” rating to a “hold” rating in a research note on Monday, January 23rd. Wells Fargo & Company downgraded Apache Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, December 16th. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Apache Corporation in a research note on Wednesday, January 11th. Macquarie downgraded Apache Corporation from a “neutral” rating to an “underperform” rating and set a $51.00 price objective for the company. in a research note on Thursday, February 2nd. Finally, RBC Capital Markets reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Apache Corporation in a research note on Wednesday, January 4th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company’s stock. Apache Corporation presently has an average rating of “Hold” and a consensus price target of $61.82.
“Apache Corporation Announces Quarterly Dividend of $0.25 (APA)” was originally posted by sleekmoney and is owned by of sleekmoney. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The legal version of this report can be viewed at http://sleekmoney.com/apache-corporation-announces-quarterly-dividend-of-0-25-apa/1659440.html.
In other news, insider James L. House sold 8,000 shares of Apache Corporation stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $63.38, for a total transaction of $507,040.00. Following the sale, the insider now directly owns 2,057 shares of the company’s stock, valued at $130,372.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.
Apache Corporation Company Profile
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/apache-corporation-announces-quarterly-dividend-of-0-25-apa/1659440.html
Receive News & Ratings for Apache Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache Corporation and related companies with MarketBeat.com's FREE daily email newsletter.