Apache Corporation Company Profile (NYSE:APA)

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

Apache Corporation declared 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 2.32%. The ex-dividend date is Friday, October 20th. View Apache Corporation's Dividend History.

Apache Corporation (NYSE:APA) posted its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 0.07% and a negative return on equity of 1.03%. Apache Corporation's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm 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 analysts have issued 12-month price objectives for Apache Corporation's stock. Their predictions range from $35.00 to $79.00. On average, they anticipate Apache Corporation's stock price to reach $52.35 in the next twelve months. 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), Concho Resources (CXO), Devon Energy Corp (DVN), Continental Resources (CLR), Noble Energy (NBL), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Encana Corporation (ECA), Cimarex Energy Co (XEC), Marathon Oil Corporation (MRO), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (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 variety of of retail and institutional investors. Top institutional investors 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. Company insiders that have sold Apache Corporation stock in the last year include James L House and Rebecca A Hoyt. 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 $43.05.