About Apache Corporation (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:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NYSE:APA
- CUSIP: 03741110
- Web: www.apachecorp.com
- Market Cap: $15.82019 billion
- Outstanding Shares: 380,934,000
- 50 Day Moving Avg: $42.91
- 200 Day Moving Avg: $46.31
- 52 Week Range: $38.14 - $69.00
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 122.15
- P/E Growth: -54.32
- Annual Revenue: $5.63 billion
- Price / Sales: 2.81
- Book Value: $18.11 per share
- Price / Book: 2.29
- Annual Dividend: $1.00
- Dividend Yield: 2.4%
- EBITDA: $2.73 billion
- Net Margins: -0.07%
- Return on Equity: -1.03%
- Return on Assets: -0.36%
- Debt-to-Equity Ratio: 1.01%
- Current Ratio: 1.62%
- Quick Ratio: 1.47%
- Average Volume: 3.61 million shs.
- Beta: 1.09
- Short Ratio: 6.73
Frequently Asked Questions for Apache Corporation (NYSE:APA)
What is Apache Corporation's stock symbol?
Apache Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "APA."
How often does Apache Corporation pay dividends? What is the dividend yield for Apache Corporation?
Apache Corporation announced a quarterly dividend on Wednesday, September 13th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.25 per share on Wednesday, November 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, October 20th. View Apache Corporation's Dividend History.
How were Apache Corporation's earnings last quarter?
Apache Corporation (NYSE:APA) announced its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.01 by $0.22. The firm earned $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) EPS. View Apache Corporation's Earnings History.
When will Apache Corporation make its next earnings announcement?
Where is Apache Corporation's stock going? Where will Apache Corporation's stock price be in 2017?
18 analysts have issued twelve-month price objectives for Apache Corporation's stock. Their predictions range from $26.00 to $79.00. On average, they anticipate Apache Corporation's share price to reach $48.50 in the next twelve months. View Analyst Ratings for Apache Corporation.
What are analysts saying about Apache Corporation stock?
Here are some recent quotes from research analysts about Apache Corporation 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 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 Corporation's key competitors?
Some companies that are related to Apache Corporation include Anadarko Petroleum (APC), Pioneer Natural Resources Company (PXD), Concho Resources (CXO), Devon Energy Corporation (DVN), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil Corporation (MRO), Cabot Oil & Gas Co. (COG), Cimarex Energy Co (XEC), Encana Corporation (ECA), EQT Corporation (EQT), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Rice Energy (RICE), Antero Resources Corp (AR), Newfield Exploration Company (NFX) and RSP Permian (RSPP).
Who are Apache Corporation's key executives?
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
Who owns Apache Corporation stock?
Apache Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (0.74%), Reinhart Partners Inc. (0.15%), Whittier Trust Co. (0.05%), River & Mercantile Asset Management LLP (0.03%), State Treasurer State of Michigan (0.03%) and Merriman Wealth Management LLC (0.01%). 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.
Who sold Apache Corporation stock? Who is selling Apache Corporation stock?
Apache Corporation's stock was sold by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., State Treasurer State of Michigan, Merriman Wealth Management LLC and Murphy Capital Management Inc.. View Insider Buying and Selling for Apache Corporation.
Who bought Apache Corporation stock? Who is buying Apache Corporation stock?
Apache Corporation's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Whittier Trust Co., Taylor Cottrill Erickson & Associates Inc., Whittier Trust Co. of Nevada Inc., River & Mercantile Asset Management LLP, CAPROCK Group Inc., Robeco Institutional Asset Management B.V. and Mutual of America Capital Management LLC. 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.
How do I buy Apache Corporation stock?
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.
What is Apache Corporation's stock price today?
MarketBeat Community Rating for Apache Corporation (NYSE APA)MarketBeat's community ratings are surveys of what our community members think about Apache Corporation 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.
One share of Apache Corporation stock can currently be purchased for approximately $41.53.
Consensus Ratings for Apache Corporation (NYSE:APA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
|Ratings Breakdown: ||6 Sell Ratings, 9 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 1.83)|
|Consensus Price Target: ||$48.50 (16.78% upside)|Consensus Price Target History for Apache Corporation (NYSE:APA)
Analysts' Ratings History for Apache Corporation (NYSE:APA)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Morgan Stanley||Boost Price Target||Equal Weight||$45.00 -> $46.00||N/A|
|10/11/2017||Barclays PLC||Lower Price Target||Underweight||$30.00 -> $26.00||N/A|
|10/10/2017||BMO Capital Markets||Set Price Target||Hold||$45.00||N/A|
|10/10/2017||Jefferies Group LLC||Reiterated Rating||Underperform||$38.00||N/A|
|10/5/2017||Stifel Nicolaus||Set Price Target||Hold||$42.00||N/A|
|9/21/2017||Sanford C. Bernstein||Reiterated Rating||Outperform||Low|
|9/14/2017||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||$46.00 -> $38.00||Low|
|8/24/2017||Royal Bank Of Canada||Set Price Target||Hold||$55.00||Low|
|8/15/2017||Citigroup Inc.||Lower Price Target||Neutral||$50.00 -> $45.00||Low|
|7/22/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||$55.00 -> $48.00||Low|
|7/18/2017||Cowen and Company||Set Price Target||Hold||$50.00||Low|
|7/17/2017||Wolfe Research||Downgrade||Market Perform -> Underperform||Low|
|6/21/2017||Seaport Global Securities||Downgrade||Neutral -> Sell||$52.00 -> $36.00||High|
|5/11/2017||Bank of America Corporation||Reiterated Rating||Buy||$60.00 -> $57.00||Low|
|3/20/2017||KLR Group||Reiterated Rating||Buy||$79.00||Low|
|2/2/2017||Macquarie||Downgrade||Neutral -> Underperform||$51.00||N/A|
|12/15/2016||Howard Weil||Downgrade||Outperform -> Sector Perform||$70.00 -> $71.00||N/A|
|9/26/2016||Mitsubishi UFJ Financial Group||Initiated Coverage||Neutral||$64.00||N/A|
|9/12/2016||Credit Suisse Group||Reiterated Rating||Hold||$67.00||N/A|
|9/12/2016||Atlantic Securities||Upgrade||Neutral -> Overweight||$41.00 -> $70.00||N/A|
|9/8/2016||Raymond James Financial, Inc.||Boost Price Target||Outperform||$70.00 -> $72.00||N/A|
|9/8/2016||Deutsche Bank AG||Boost Price Target||Hold||$53.00 -> $57.00||N/A|
|5/26/2016||Iberia Capital||Boost Price Target||Sector Perform||$53.00 -> $60.00||N/A|
|5/9/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||$53.00||N/A|
|3/23/2016||Capital One Financial Corporation||Downgrade||Overweight -> Equal Weight||N/A|
|1/21/2016||Nomura||Lower Price Target||RR||$46.00 -> $33.00||N/A|
|12/15/2015||Argus||Downgrade||Buy -> Hold||N/A|
|12/14/2015||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform||$57.00||N/A|
|11/6/2015||Tudor Pickering||Downgrade||Accumulate -> Hold||$69.00||N/A|
Earnings History for Apache Corporation (NYSE:APA)Earnings History by Quarter for Apache Corporation (NYSE APA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
|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|
Earnings Estimates for Apache Corporation (NYSE:APA)
2017 EPS Consensus Estimate: $0.40
2018 EPS Consensus Estimate: ($0.08)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Apache Corporation (NYSE:APA)
|Dividend Growth:||9.10% (3 Year Average)|
|Payout Ratio:||-4,997.50% (Trailing 12 Months of Earnings) |
-5,000.00% (Based on This Year's Estimates)
294.12% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Apache Corporation (NYSE APA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Apache Corporation (NYSE:APA)
Insider Ownership Percentage: 0.48%Insider Trades by Quarter for Apache Corporation (NYSE:APA)
Institutional Ownership Percentage: 94.99%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/23/2017||Charles J Pitman||Director||Buy||100||$39.63||$3,963.00|| |
|8/17/2017||John E Lowe||Director||Buy||2,000||$40.32||$80,640.00|| |
|8/11/2017||George D Lawrence||Director||Buy||900||$42.49||$38,241.00|| |
|8/7/2017||John E Lowe||Director||Buy||2,500||$44.90||$112,250.00|| |
|5/15/2017||Rene R Joyce||Director||Buy||10,000||$51.38||$513,800.00|| |
|11/23/2016||James L House||Insider||Sell||8,000||$63.38||$507,040.00|| |
|11/9/2016||Chansoo Joung||Director||Buy||15,000||$58.02||$870,300.00|| |
|11/7/2016||John E Lowe||Director||Buy||2,132||$57.65||$122,909.80|| |
|9/22/2016||Rebecca A Hoyt||Insider||Sell||3,356||$60.94||$204,514.64|| |
|8/26/2015||Stephen J Riney||CFO||Buy||6,000||$39.54||$237,240.00|| |
|8/26/2015||W Kregg Olson||VP||Buy||2,500||$39.50||$98,750.00|| |
|8/26/2015||William C Montgomery||Director||Buy||5,000||$39.90||$199,500.00|| |
|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|| |
|4/8/2014||Jon Graham||VP||Sell||1,400||$84.89||$118,846.00|| |
|3/27/2014||Roger Plank||Insider||Sell||9,865||$82.22||$811,100.30|| |
|2/27/2014||Amy Nelson||Director||Buy||2,500||$79.61||$199,025.00|| |
|2/21/2014||Roger Plank||Insider||Sell||9,000||$85.75||$771,750.00|| |
|12/12/2013||John Lowe||Director||Buy||1,000||$86.04||$86,040.00|| |
|12/10/2013||G Steven Farris||CEO||Sell||19,544||$88.98||$1,739,025.12|| |
|12/3/2013||Jon Jeppesen||VP||Sell||3,903||$90.92||$354,860.76|| |
|11/19/2013||Roger Plank||Insider||Sell||7,500||$92.35||$692,625.00|| |
|11/11/2013||John Lowe||Director||Buy||1,500||$89.90||$134,850.00|| |
|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|| |
|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|| |
Headline Trends for Apache Corporation (NYSE:APA)
Latest Headlines for Apache Corporation (NYSE:APA)
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Apache Corporation (APA) Chart for Monday, October, 23, 2017