Apache Corporation Company Profile (NYSE:APA)

Apache Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "APA."

Apache Corporation announced a quarterly dividend on Wednesday, September 13th. Stockholders of record on Monday, October 23rd will be given a dividend of $0.25 per share on Wednesday, November 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, October 20th. View Apache Corporation's Dividend History.

Apache Corporation (NYSE:APA) released its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.21) EPS for the quarter, missing the Zacks' consensus estimate of $0.01 by $0.22. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.26) earnings per share. View Apache Corporation's Earnings History.

Apache Corporation is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Apache Corporation.

19 brokers have issued 1-year target prices for Apache Corporation's stock. Their predictions range from $35.00 to $79.00. On average, they anticipate Apache Corporation's share price to reach $52.35 in the next year. View Analyst Ratings for Apache Corporation.

Here are some recent quotes from research analysts about Apache Corporation stock:

• 1. According to Zacks Investment Research, "Apache's stock price has fallen 22% since the start of this year, mirroring the Zacks categorized 'Oil & Gas - U.S. Exploration & Production' industry’s decline. While a renewed slump in crude prices due to a persistent global supply glut sent a shockwave through the industry, Apache’s tepid near-term production outlook is also a matter for concern. As it is, investors are disappointed that the much-hyped Alpine High discovery in west Texas will churn out more gas than oil. Increased capital spending unmatched by increased cash flows – leading to a free cash flow deficit – will hold back the stock as well. Lack of growth catalysts remain another major liability. Given these headwinds, we see Apache as a risky bet that ordinary investors should exit." (7/5/2017)
• 2. KLR Group analysts commented, "Our $79 price target is unchanged following numerous model refinements including a ~30% improvement in North American capital productivity driven by a larger percentage of capital being allocated to wet gas dominant assets (i.e. Alpine High) offset by a ~10% reduction in our North American oil composition forecast, an ~8% increase in our operating expense assumption and a 10%+ reduction in our '19 forward capex assumptions. Following our model adjustments, APA generates a '19 capital yield (cash recycle ratio) of 145%+, up from ~130% previously, and in line with the group median." (3/20/2017)
• 3. UBS AG analysts commented, "APA guided to 2017 capex of $3.1bn, up >60% YoY and just above consensus' ~$3.0bn & prior UBSe of ~$2.9bn. It expects to outspend cash flow this year, plugging the gap primarily from non-core asset sales (>$400MM received in 1Q17), while hedging its 2H17 oil prod'n with put options at ~$50/Bbl. APA is allocating ~65% of its 2017 budget ($2bn) to the Permian, including $500MM for Alpine High midstream infrastructure. Meanwhile, ~29% of its capex (~$900MM) will go to Egypt & North Sea. APA also provided preliminary 2018 capex of $3.2bn, well below expectations for ~$3.7bn. At strip, we forecast a cumulative 2017-18 FCF deficit (after divi) of ~$1.6bn." (2/24/2017)

Some companies that are related to Apache Corporation include Anadarko Petroleum Corporation (APC), Pioneer Natural Resources Company (PXD), Devon Energy Corporation (DVN), Concho Resources (CXO), Continental Resources (CLR), Noble Energy (NBL), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Encana Corporation (ECA), Marathon Oil Corporation (MRO), Cimarex Energy Co (XEC), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration (NFX) and Energen Corporation (EGN).

Apache Corporation's management team includes the folowing people:

• Stephen J. Riney, Chief Financial Officer, Executive Vice President
• Paul Anthony Lannie, Executive Vice President, General Counsel
• W. Kregg Olson, Executive Vice President - Corporate Reservoir Engineering
• Timothy J. Sullivan, Executive Vice President - Operations Support
• Rebecca A. Hoyt, Senior Vice President, Chief Accounting Officer, Controller
• Brian W. Freed, Senior Vice President - Midstream and Marketing
• Dominic Jude Ricotta, Senior Vice President - Human Resources
• GRADY L. ABLES, Senior Region Vice President - North Sea and Canada
• JAMES L. HOUSE, Senior Region Vice President - Egypt, Mid-Continent, Gulf Coast, Gulf of Mexico, and International New Ventures
• Robert W. Bourne, Vice President - Business Development – Midstream and Marketing

Apache Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dodge & Cox (7.87%), BlackRock Inc. (7.01%), Vanguard Group Inc. (6.95%), Davis Selected Advisers (5.52%), State Street Corp (5.27%) and Harris Associates L P (4.92%). Company insiders that own Apache Corporation stock include Chansoo Joung, Charles J Pitman, George D Lawrence, James L House, John E Lowe, Rebecca A Hoyt and Rene R Joyce. View Institutional Ownership Trends for Apache Corporation.

Apache Corporation's stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, BlackRock Inc., Davis Selected Advisers, Gilder Gagnon Howe & Co. LLC, Ameriprise Financial Inc., FIL Ltd, Artisan Partners Limited Partnership and Bank of New York Mellon Corp. View Insider Buying and Selling for Apache Corporation.

Apache Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Baillie Gifford & Co., Harris Associates L P, Orbis Allan Gray Ltd, Franklin Resources Inc., Dodge & Cox, APG Asset Management N.V. and Janus Henderson Group PLC. Company insiders that have bought Apache Corporation stock in the last two years include Chansoo Joung, Charles J Pitman, George D Lawrence, John E Lowe and Rene R Joyce. View Insider Buying and Selling for Apache Corporation.

Shares of Apache Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Apache Corporation stock can currently be purchased for approximately $43.57.