About Apache (NYSE:APA)
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname. In North America, the Company has three onshore regions: The Permian region, The Midcontinent/Gulf Coast region. The Permian region located in West Texas and New Mexico includes the Permian sub-basins, the Midland Basin, Central Basin Platform/Northwest Shelf and Delaware Basin. The Midcontinent/Gulf Coast region includes the Granite Wash, Tonkawa, Canyon Lime, Marmaton, and Cleveland formations of the West Anadarko Basin, the Woodford-SCOOP and Stack plays located in Central Oklahoma, and the Eagle Ford shale in South East Texas.
Industry, Sector and Symbol
Industry Oil & Gas Exploration and Production
Sub-IndustryOil & Gas Exploration & Production
Trailing P/E Ratio26.6184971098266
Forward P/E Ratio767.50
Sales & Book Value
Annual Sales$5.35 billion
Price / Sales3.28
Cash Flow$5.76 per share
Price / Cash7.99
Book Value$20.24 per share
Price / Book2.28
Return on Equity-0.70%
Return on Assets-0.25%
Apache (NYSE:APA) Frequently Asked Questions
What is Apache's stock symbol?
Apache trades on the New York Stock Exchange (NYSE) under the ticker symbol "APA."
How often does Apache pay dividends? What is the dividend yield for Apache?
Apache declared a quarterly dividend on Thursday, December 14th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.25 per share on Thursday, February 22nd. This represents a $1.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, January 19th. View Apache's Dividend History.
How were Apache's earnings last quarter?
Apache Co. (NYSE:APA) posted its quarterly earnings results on Thursday, November, 2nd. The energy company reported $0.04 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.05) by $0.09. The energy company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Apache had a net margin of 10.60% and a negative return on equity of 0.70%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) earnings per share. View Apache's Earnings History.
When will Apache make its next earnings announcement?
Where is Apache's stock going? Where will Apache's stock price be in 2018?
18 Wall Street analysts have issued twelve-month price targets for Apache's stock. Their forecasts range from $32.00 to $79.00. On average, they anticipate Apache's share price to reach $45.38 in the next twelve months. View Analyst Ratings for Apache.
What are Wall Street analysts saying about Apache stock?
Here are some recent quotes from research analysts about Apache stock:
- 1. According to Zacks Investment Research, "Apache's stock price has fallen 27.8% since the start of this year, more than the Zacks U.S. Exploration & Production industry’s decline of 23.8%. While persistent weakness in crude prices due to a global supply glut continue to sent shockwaves 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." (10/10/2017)
- 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 Group 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)
Who are some of Apache's key competitors?
Some companies that are related to Apache include Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), Concho Resources (CXO), Devon Energy (DVN), Continental Resources (CLR), Marathon Oil (MRO), Noble Energy (NBL), EQT (EQT), Encana (ECA), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Cimarex Energy (XEC), Parsley Energy (PE), Repsol Oil & Gas Canada (TLM), EQT GP (EQGP), RSP Permian (RSPP), Rice Energy (RICE) and Newfield Exploration (NFX).
Who are Apache's key executives?
Apache's management team includes the folowing people:
- Stephen J. Riney, Chief Financial Officer, Executive Vice President (Age 56)
- Paul Anthony Lannie, Executive Vice President, General Counsel (Age 62)
- W. Kregg Olson, Executive Vice President - Corporate Reservoir Engineering (Age 63)
- Timothy J. Sullivan, Executive Vice President - Operations Support (Age 61)
- Rebecca A. Hoyt, Senior Vice President, Chief Accounting Officer, Controller (Age 52)
- Brian W. Freed, Senior Vice President - Midstream and Marketing
- Dominic Jude Ricotta, Senior Vice President - Human Resources (Age 52)
- GRADY L. ABLES, Senior Region Vice President - North Sea and Canada (Age 55)
- Robert W. Bourne, Vice President - Business Development – Midstream and Marketing
- John J. Christmann IV, President, Chief Executive Officer, Director (Age 50)
Who owns Apache stock?
Apache's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Schwab Charles Investment Management Inc. (0.39%), Hexavest Inc. (0.19%), CWM LLC (0.17%), Reinhart Partners Inc. (0.15%), Chevy Chase Trust Holdings Inc. (0.12%) and National Pension Service (0.11%). Company insiders that own Apache stock include Chansoo Joung, Charles J Pitman, George D Lawrence, James L House, John E Lowe, P Anthony Lannie, Rebecca A Hoyt and Rene R Joyce. View Institutional Ownership Trends for Apache.
Who sold Apache stock? Who is selling Apache stock?
Apache's stock was sold by a variety of institutional investors in the last quarter, including CWM LLC, Adams Asset Advisors LLC, Schwab Charles Investment Management Inc., DnB Asset Management AS, Renaissance Investment Group LLC, Exxonmobil Investment Management Inc. TX, Community Bank & Trust Waco Texas and Creative Planning. View Insider Buying and Selling for Apache.
Who bought Apache stock? Who is buying Apache stock?
Apache's stock was purchased by a variety of institutional investors in the last quarter, including Hexavest Inc., Acadian Asset Management LLC, National Pension Service, Sicart Associates LLC, Greylin Investment Mangement Inc., State of Alaska Department of Revenue, QUANTRES ASSET MANAGEMENT Ltd and Westpac Banking Corp. Company insiders that have bought Apache 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.
How do I buy Apache stock?
Shares of Apache can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Apache's stock price today?
One share of Apache stock can currently be purchased for approximately $46.05.
How big of a company is Apache?
Apache has a market capitalization of $17.91 billion and generates $5.35 billion in revenue each year. The energy company earns $-1,405,000,000.00 in net income (profit) each year or $1.73 on an earnings per share basis. Apache employs 3,727 workers across the globe.
How can I contact Apache?
Apache's mailing address is 2000 Post Oak Blvd Ste 100, HOUSTON, TX 77056-4400, United States. The energy company can be reached via phone at +1-713-2966000 or via email at [email protected]
MarketBeat Community Rating for Apache (APA)MarketBeat's community ratings are surveys of what our community members think about Apache and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Apache (NYSE:APA) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||1.72||1.72||1.83||2.00|
|Ratings Breakdown: ||7 Sell Rating(s)|
9 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|7 Sell Rating(s)|
9 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|6 Sell Rating(s)|
9 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|5 Sell Rating(s)|
12 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$45.38||$45.25||$48.50||$56.30|
|Price Target Upside: ||5.74% upside||9.67% upside||13.42% upside||16.30% upside|
Apache (NYSE:APA) Consensus Price Target History
Apache (NYSE:APA) Analyst Ratings History
(Data available from 1/22/2016 forward)
Apache (NYSE:APA) Earnings History and Estimates Chart
Apache (NYSE APA) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2017||Q3 2017||($0.05)||$0.04||$1.39 billion||$1.39 billion||View||N/A|
|8/3/2017||Q2 2017||$0.01||($0.21)||$1.41 billion||$1.38 billion||View||Listen|
|5/4/2017||Q1 2017||$0.16||$0.08||$1.49 billion||$1.88 billion||View||Listen|
|2/23/2017||Q416||$0.07||($0.06)||$1.51 billion||$1.46 billion||View||N/A|
|11/3/2016||Q316||($0.16)||($0.03)||$1.38 billion||$1.44 billion||View||N/A|
|8/4/2016||Q216||($0.17)||($0.26)||$1.31 billion||$1.38 billion||View||N/A|
|5/5/2016||Q116||($0.89)||($0.40)||$1.08 billion||$1.05 billion||View||N/A|
|2/25/2016||Q415||($0.52)||($0.06)||$1.47 billion||$1.26 billion||View||Listen|
|11/5/2015||Q315||($0.38)||($0.05)||$1.59 billion||$1.50 billion||View||Listen|
|8/6/2015||Q2 2015||($0.32)||$0.22||$1.83 billion||$1.98 billion||View||N/A|
|5/7/2015||Q414||($0.62)||($0.37)||$1.83 billion||$1.82 billion||View||N/A|
|2/12/2015||Q4 2014||$0.76||$1.07||$3.11 billion||$2.95 billion||View||N/A|
|11/6/2014||Q314||$1.38||$1.38||$3.48 billion||$3.74 billion||View||N/A|
|7/31/2014||Q2||$1.67||$1.67||$3.63 billion||$3.48 billion||View||Listen|
|5/8/2014||Q114||$1.61||$1.78||$3.56 billion||$3.68 billion||View||Listen|
|2/13/2014||Q413||$1.80||$1.57||$3.67 billion||$3.58 billion||View||Listen|
|11/7/2013||Q313||$2.15||$2.32||$4.32 billion||$1.02 billion||View||N/A|
|8/1/2013||Q2 2013||$2.01||$2.01||$4.28 billion||$1.38 billion||View||N/A|
|5/9/2013||Q1 2013||$2.21||$2.02||$4.31 billion||$4.08 billion||View||N/A|
|2/14/2013||Q4 2012||$2.30||$2.27||$4.37 billion||$4.39 billion||View||N/A|
|11/1/2012||Q312||$2.25||$2.16||$4.06 billion||$4.18 billion||View||N/A|
Apache (NYSE:APA) Earnings Estimates
2018 EPS Consensus Estimate: $1.86
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Apache (NYSE:APA) Dividend Information
|Dividend Growth:||1.70% (3 Year Average)|
|Payout Ratio:||57.80% (Trailing 12 Months of Earnings) |
1,666.67% (Based on This Year's Estimates)
129.87% (Based on Next Year's Estimates)
Apache (NYSE:APA) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Apache (NYSE APA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.48%
Institutional Ownership Percentage: 94.70%
Apache (NYSE APA) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/13/2017||John E Lowe||Director||Buy||3,000||$40.02||$120,060.00||15,000|| |
|12/1/2017||P Anthony Lannie||Insider||Sell||19,514||$44.04||$859,396.56||37,469|| |
|8/23/2017||Charles J Pitman||Director||Buy||100||$39.63||$3,963.00||24,917|| |
|8/17/2017||John E Lowe||Director||Buy||2,000||$40.32||$80,640.00||12,000|| |
|8/11/2017||George D Lawrence||Director||Buy||900||$42.49||$38,241.00||38,445|| |
|8/7/2017||John E Lowe||Director||Buy||2,500||$44.90||$112,250.00||10,000|| |
|5/15/2017||Rene R Joyce||Director||Buy||10,000||$51.38||$513,800.00||10,000|| |
|11/23/2016||James L House||Insider||Sell||8,000||$63.38||$507,040.00||2,057|| |
|11/9/2016||Chansoo Joung||Director||Buy||15,000||$58.02||$870,300.00||45,285|| |
|11/7/2016||John E Lowe||Director||Buy||2,132||$57.65||$122,909.80||7,500|| |
|9/22/2016||Rebecca A Hoyt||Insider||Sell||3,356||$60.94||$204,514.64||12,755|| |
|8/26/2015||Stephen J Riney||CFO||Buy||6,000||$39.54||$237,240.00||6,000|| |
|8/26/2015||W Kregg Olson||VP||Buy||2,500||$39.50||$98,750.00||49,172|| |
|8/26/2015||William C Montgomery||Director||Buy||5,000||$39.90||$199,500.00||20,147|| |
|7/10/2015||Michael Winslow Kinley||Director||Buy||200,000||$0.15||$30,000.00|
|6/5/2015||Rebecca A Hoyt||VP||Sell||3,268||$58.56||$191,374.08|| |
|4/16/2015||Thomas E Voytovich||COO||Sell||3,200||$70.71||$226,272.00|| |
|4/15/2015||Rodney A Gryder||VP||Sell||1,100||$70.29||$77,319.00|| |
|4/15/2015||Rodney J Eichler||CEO||Sell||5,300||$71.35||$378,155.00|| |
|4/14/2015||W Kregg Olson||VP||Sell||3,600||$68.70||$247,320.00|| |
|12/15/2014||Jon Graham||VP||Sell||1,600||$56.71||$90,736.00|| |
|7/1/2014||Janine J Mcardle||SVP||Sell||1,000||$100.67||$100,670.00|| |
|6/23/2014||Urban F O'brien||VP||Sell||2,074||$101.64||$210,801.36|| |
|6/17/2014||Michael S Bahorich||EVP||Sell||5,400||$97.41||$526,014.00|| |
|5/29/2014||Jon A Jeppesen||Insider||Sell||10,145||$92.04||$933,745.80|| |
|5/14/2014||Jon Jeppesen||Insider||Sell||7,622||$90.05||$686,361.10||69,785|| |
|4/8/2014||Jon Graham||VP||Sell||1,400||$84.89||$118,846.00||532|| |
|3/27/2014||Roger Plank||Insider||Sell||9,865||$82.22||$811,100.30||118,098|| |
|2/27/2014||Amy Nelson||Director||Buy||2,500||$79.61||$199,025.00||2,500|| |
|2/21/2014||Roger Plank||Insider||Sell||9,000||$85.75||$771,750.00||123,098|| |
|12/12/2013||John Lowe||Director||Buy||1,000||$86.04||$86,040.00||4,434|| |
|12/10/2013||G Steven Farris||CEO||Sell||19,544||$88.98||$1,739,025.12||361,088|| |
|12/3/2013||Jon Jeppesen||VP||Sell||3,903||$90.92||$354,860.76||67,908|| |
|11/19/2013||Roger Plank||Insider||Sell||7,500||$92.35||$692,625.00||118,067|| |
|11/11/2013||John Lowe||Director||Buy||1,500||$89.90||$134,850.00||3,434|| |
|10/16/2013||John R Bedingfield||Insider||Sell||5,000||$90.00||$450,000.00|| |
|9/5/2013||Rebecca A Hoyt||VP||Sell||2,867||$86.11||$246,877.37|| |
|9/3/2013||Chansoo Joung||Director||Buy||10,000||$86.13||$861,300.00||28,417|| |
|5/29/2013||John R Bedingfield||Insider||Sell||7,400||$85.00||$629,000.00|| |
|5/20/2013||G Steven Farris||CEO||Buy||10,000||$83.69||$836,900.00|| |
|5/20/2013||John R Bedingfield||Insider||Sell||6,250||$83.81||$523,812.50|| |
|5/13/2013||John R Bedingfield||Insider||Sell||3,400||$83.00||$282,200.00|| |
|4/1/2013||George D Lawrence||Director||Buy||3,000||$76.00||$228,000.00|| |
|3/26/2013||Randolph M Ferlic||Director||Buy||10,000||$74.48||$744,800.00|| |
|3/5/2013||William C Montgomery||Director||Buy||2,000||$73.11||$146,220.00|| |
|11/16/2012||Charles J Pitman||Director||Buy||1,000||$75.40||$75,400.00|| |
|11/5/2012||F. Brady Parish Jr||VP||Buy||4,750||$80.96||$384,560.00|| |
Apache (NYSE APA) News Headlines
Apache (NYSE:APA) SEC Filings
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Apache (NYSE:APA) Income Statement, Balance Sheet and Cash Flow Statement
Apache (NYSE APA) Stock Chart for Monday, January, 22, 2018