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Stock Update: Apache Corp (NYSE:APA) – Apache Declares Cash Dividend On Common Shares; Sets Date For 2016 Annual Meeting

[PR Newswire] – HOUSTON, Dec. 17, 2015 /PRNewswire/ — The board of directors of Apache Corporation (NYSE, Nasdaq: APA) has declared the regular cash dividend on the company’s common shares. The dividend on common shares … Read more on this. Apache Corp. (APA) , currently valued at $17.03B, ended trading yesterday at $44.80. Looking at today’s trading action, the company’s one day range from $44.39 to $45.18 with a trailing 52-week range being $35.79 to $71.87. APA shares are currently priced at -78.60x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -8.11x earnings multiple for the same period. The company pays shareholders $1.00 per share annually in dividends, yielding 2.30%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $-0.34 per share, which would be $1.07 better than the year-ago quarter and a $0.00 sequential increase. Investors should also note that the full-year EPS estimate of $-0.57 is a $6.51 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.55 Billion. If realized, that would be a 47.10% decrease over the year-ago quarter. More recently, Citigroup upgraded APA from Neutral to Buy (Jul 17, 2015). Previously, Nomura Initiated APA at to Reduce. Given all the information above, we should disclose to readers that the average price target is $54.81, which is 22.34% above than it opened this morning. See more in (NYSE:APA) Similar Articles: Stock Update (NYSE:APA): APACHE CORP. SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP Investigates Rejection of Takeover Offer by Apache Corp. Company Update: Apache Corp (NYSE:APA) – Apache Releases Third-Quarter Financial And Operational Results Stock Update (NYSE:APA): Apache Declares Cash Dividends On Common Shares
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