Apache Corporation Company Profile (NYSE:APA)

About Apache Corporation (NYSE:APA)

Apache Corporation logoApache 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
Capitalization:
  • Market Cap: $15.82019 billion
  • Outstanding Shares: 380,934,000
Average Prices:
  • 50 Day Moving Avg: $42.91
  • 200 Day Moving Avg: $46.31
  • 52 Week Range: $38.14 - $69.00
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 122.15
  • P/E Growth: -54.32
Sales & Book Value:
  • Annual Revenue: $5.63 billion
  • Price / Sales: 2.81
  • Book Value: $18.11 per share
  • Price / Book: 2.29
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 2.4%
Profitability:
  • EBITDA: $2.73 billion
  • Net Margins: -0.07%
  • Return on Equity: -1.03%
  • Return on Assets: -0.36%
Debt:
  • Debt-to-Equity Ratio: 1.01%
  • Current Ratio: 1.62%
  • Quick Ratio: 1.47%
Misc:
  • 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?

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

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?

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?

One share of Apache Corporation stock can currently be purchased for approximately $41.53.


MarketBeat Community Rating for Apache Corporation (NYSE APA)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  544 (Vote Outperform)
Underperform Votes:  622 (Vote Underperform)
Total Votes:  1,166
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.

Analyst Ratings

Consensus Ratings for Apache Corporation (NYSE:APA) (How are Consensus Ratings Calculated?)
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)
Price Target History for Apache Corporation (NYSE:APA)
Analysts' Ratings History for Apache Corporation (NYSE:APA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Morgan StanleyBoost Price TargetEqual Weight$45.00 -> $46.00N/AView Rating Details
10/11/2017Barclays PLCLower Price TargetUnderweight$30.00 -> $26.00N/AView Rating Details
10/10/2017BMO Capital MarketsSet Price TargetHold$45.00N/AView Rating Details
10/10/2017ScotiabankReiterated RatingHold$49.00N/AView Rating Details
10/10/2017Jefferies Group LLCReiterated RatingUnderperform$38.00N/AView Rating Details
10/5/2017Stifel NicolausSet Price TargetHold$42.00N/AView Rating Details
9/21/2017Sanford C. BernsteinReiterated RatingOutperformLowView Rating Details
9/14/2017J P Morgan Chase & CoDowngradeNeutral -> Underweight$46.00 -> $38.00LowView Rating Details
8/24/2017Royal Bank Of CanadaSet Price TargetHold$55.00LowView Rating Details
8/15/2017Citigroup Inc.Lower Price TargetNeutral$50.00 -> $45.00LowView Rating Details
7/22/2017Wells Fargo & CompanyReiterated RatingMarket Perform$55.00 -> $48.00LowView Rating Details
7/18/2017Cowen and CompanySet Price TargetHold$50.00LowView Rating Details
7/17/2017Wolfe ResearchDowngradeMarket Perform -> UnderperformLowView Rating Details
6/21/2017Seaport Global SecuritiesDowngradeNeutral -> Sell$52.00 -> $36.00HighView Rating Details
5/11/2017Bank of America CorporationReiterated RatingBuy$60.00 -> $57.00LowView Rating Details
3/20/2017KLR GroupReiterated RatingBuy$79.00LowView Rating Details
2/2/2017MacquarieDowngradeNeutral -> Underperform$51.00N/AView Rating Details
12/15/2016Howard WeilDowngradeOutperform -> Sector Perform$70.00 -> $71.00N/AView Rating Details
9/26/2016Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$64.00N/AView Rating Details
9/12/2016Credit Suisse GroupReiterated RatingHold$67.00N/AView Rating Details
9/12/2016Atlantic SecuritiesUpgradeNeutral -> Overweight$41.00 -> $70.00N/AView Rating Details
9/8/2016Raymond James Financial, Inc.Boost Price TargetOutperform$70.00 -> $72.00N/AView Rating Details
9/8/2016Deutsche Bank AGBoost Price TargetHold$53.00 -> $57.00N/AView Rating Details
5/26/2016Iberia CapitalBoost Price TargetSector Perform$53.00 -> $60.00N/AView Rating Details
5/9/2016Goldman Sachs Group, Inc. (The)Reiterated RatingNeutral$53.00N/AView Rating Details
3/23/2016Capital One Financial CorporationDowngradeOverweight -> Equal WeightN/AView Rating Details
1/21/2016NomuraLower Price TargetRR$46.00 -> $33.00N/AView Rating Details
12/15/2015ArgusDowngradeBuy -> HoldN/AView Rating Details
12/14/2015Oppenheimer Holdings, Inc.Reiterated RatingOutperform$57.00N/AView Rating Details
11/6/2015Tudor PickeringDowngradeAccumulate -> Hold$69.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Apache Corporation (NYSE:APA)
Earnings by Quarter for Apache Corporation (NYSE:APA)
Earnings History by Quarter for Apache Corporation (NYSE APA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017$0.03N/AView Earnings Details
8/3/2017Q2 2017$0.01($0.21)$1.41 billion$1.38 billionViewListenView Earnings Details
5/4/2017Q1 2017$0.16$0.08$1.49 billion$1.88 billionViewListenView Earnings Details
2/23/2017Q416$0.07($0.06)$1.51 billion$1.46 billionViewN/AView Earnings Details
11/3/2016Q316($0.16)($0.03)$1.38 billion$1.44 billionViewN/AView Earnings Details
8/4/2016Q216($0.17)($0.26)$1.31 billion$1.38 billionViewN/AView Earnings Details
5/5/2016Q116($0.89)($0.40)$1.08 billion$1.05 billionViewN/AView Earnings Details
2/25/2016Q415($0.52)($0.06)$1.47 billion$1.26 billionViewListenView Earnings Details
11/5/2015Q315($0.38)($0.05)$1.59 billion$1.50 billionViewListenView Earnings Details
5/7/2015Q414($0.62)($0.37)$1.83 billion$1.82 billionViewN/AView Earnings Details
2/12/2015Q4 2014$0.76$1.07$3.11 billion$2.95 billionViewN/AView Earnings Details
11/6/2014Q314$1.38$1.38$3.48 billion$3.74 billionViewN/AView Earnings Details
7/31/2014Q2$1.67$1.67$3.63 billion$3.48 billionViewListenView Earnings Details
5/8/2014Q114$1.61$1.78$3.56 billion$3.68 billionViewListenView Earnings Details
2/13/2014Q413$1.80$1.57$3.67 billion$3.58 billionViewListenView Earnings Details
11/7/2013Q313$2.15$2.32$4.32 billion$1.02 billionViewN/AView Earnings Details
8/1/2013Q2 2013$2.01$2.01$4.28 billion$1.38 billionViewN/AView Earnings Details
5/9/2013Q1 2013$2.21$2.02$4.31 billion$4.08 billionViewN/AView Earnings Details
2/14/2013Q4 2012$2.30$2.27$4.37 billion$4.39 billionViewN/AView Earnings Details
11/1/2012Q312$2.25$2.16$4.06 billion$4.18 billionViewN/AView Earnings Details
8/2/2012$2.57$2.07ViewN/AView Earnings Details
5/3/2012$3.08$3.00ViewN/AView Earnings Details
2/16/2012$2.86$2.94ViewN/AView Earnings Details
11/3/2011$2.85$2.95ViewN/AView Earnings Details
8/4/2011$3.14$3.17ViewN/AView Earnings Details
4/28/2011$2.59$2.90ViewN/AView Earnings Details
2/17/2011$2.45$2.19ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Apache Corporation (NYSE:APA)
2017 EPS Consensus Estimate: $0.40
2018 EPS Consensus Estimate: ($0.08)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.08$0.19$0.12
Q2 20173$0.00$0.24$0.08
Q3 20173($0.01)$0.12$0.06
Q4 20173$0.11$0.16$0.14
Q1 20182($0.27)$0.06($0.11)
Q2 20182($0.23)$0.06($0.09)
Q3 20182($0.05)$0.16$0.06
Q4 20182($0.05)$0.17$0.06
Q1 20191$0.19$0.19$0.19
Q2 20191$0.18$0.18$0.18
Q3 20191$0.20$0.20$0.20
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Apache Corporation (NYSE:APA)
Next Dividend:11/22/2017
Annual Dividend:$1.00
Dividend Yield:2.41%
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 Payments by Quarter for Apache Corporation (NYSE:APA)

Dividend History by Quarter for Apache Corporation (NYSE APA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/13/2017quarterly$0.252.37%10/20/201710/23/201711/22/2017
5/12/2017quarterly$0.251.96%7/19/20177/21/20178/22/2017
2/13/2017quarterly$0.251.8%4/19/20174/21/20175/22/2017
12/14/2016quarterly$0.251.5%1/18/20171/22/20172/22/2017
9/15/2016quarterly$0.251.71%10/19/201610/21/201611/22/2016
5/12/2016quarterly$0.251.89%7/20/20167/22/20168/22/2016
2/4/2016quarterly$0.252.56%4/20/20164/22/20165/23/2016
12/17/2015quarterly$0.252.34%1/20/20161/22/20162/22/2016
9/17/2015quarterly$0.252.38%10/20/201510/22/201511/23/2015
5/21/2015quarterly$0.251.63%7/20/20157/22/20158/21/2015
2/20/2015quarterly$0.251.51%4/20/20154/22/20155/22/2015
12/18/2014quarterly$0.251.54%1/20/20151/22/20152/23/2015
9/18/2014quarterly$0.251.04%10/20/201410/22/201411/21/2014
5/15/2014quarterly$0.251.13%7/18/20147/22/20148/22/2014
2/6/2014quarterly$0.251.23%4/17/20144/22/20145/22/2014
11/18/2013quarterly$0.200.86%1/17/20141/22/20142/21/2014
9/19/2013quarterly$0.200.91%10/18/201310/22/201311/22/2013
5/22/2013quarterly$0.200.98%7/18/20137/22/20138/22/2013
2/12/2013quarterly$0.020.95%4/18/20134/22/20135/22/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Apache Corporation (NYSE:APA)
Insider Ownership Percentage: 0.48%
Institutional Ownership Percentage: 94.99%
Insider Trades by Quarter for Apache Corporation (NYSE:APA)
Institutional Ownership by Quarter for Apache Corporation (NYSE:APA)
Insider Trades by Quarter for Apache Corporation (NYSE:APA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/23/2017Charles J PitmanDirectorBuy100$39.63$3,963.00View SEC Filing  
8/17/2017John E LoweDirectorBuy2,000$40.32$80,640.00View SEC Filing  
8/11/2017George D LawrenceDirectorBuy900$42.49$38,241.00View SEC Filing  
8/7/2017John E LoweDirectorBuy2,500$44.90$112,250.00View SEC Filing  
5/15/2017Rene R JoyceDirectorBuy10,000$51.38$513,800.00View SEC Filing  
11/23/2016James L HouseInsiderSell8,000$63.38$507,040.00View SEC Filing  
11/9/2016Chansoo JoungDirectorBuy15,000$58.02$870,300.00View SEC Filing  
11/7/2016John E LoweDirectorBuy2,132$57.65$122,909.80View SEC Filing  
9/22/2016Rebecca A HoytInsiderSell3,356$60.94$204,514.64View SEC Filing  
8/26/2015Stephen J RineyCFOBuy6,000$39.54$237,240.00View SEC Filing  
8/26/2015W Kregg OlsonVPBuy2,500$39.50$98,750.00View SEC Filing  
8/26/2015William C MontgomeryDirectorBuy5,000$39.90$199,500.00View SEC Filing  
6/5/2015Rebecca A HoytVPSell3,268$58.56$191,374.08View SEC Filing  
4/16/2015Thomas E VoytovichCOOSell3,200$70.71$226,272.00View SEC Filing  
4/15/2015Rodney A GryderVPSell1,100$70.29$77,319.00View SEC Filing  
4/15/2015Rodney J EichlerCEOSell5,300$71.35$378,155.00View SEC Filing  
4/14/2015W Kregg OlsonVPSell3,600$68.70$247,320.00View SEC Filing  
12/15/2014Jon GrahamVPSell1,600$56.71$90,736.00View SEC Filing  
7/1/2014Janine J McardleSVPSell1,000$100.67$100,670.00View SEC Filing  
6/23/2014Urban F O'brienVPSell2,074$101.64$210,801.36View SEC Filing  
6/17/2014Michael S BahorichEVPSell5,400$97.41$526,014.00View SEC Filing  
5/29/2014Jon A JeppesenInsiderSell10,145$92.04$933,745.80View SEC Filing  
5/14/2014Jon JeppesenInsiderSell7,622$90.05$686,361.10View SEC Filing  
4/8/2014Jon GrahamVPSell1,400$84.89$118,846.00View SEC Filing  
3/27/2014Roger PlankInsiderSell9,865$82.22$811,100.30View SEC Filing  
2/27/2014Amy NelsonDirectorBuy2,500$79.61$199,025.00View SEC Filing  
2/21/2014Roger PlankInsiderSell9,000$85.75$771,750.00View SEC Filing  
12/12/2013John LoweDirectorBuy1,000$86.04$86,040.00View SEC Filing  
12/10/2013G Steven FarrisCEOSell19,544$88.98$1,739,025.12View SEC Filing  
12/3/2013Jon JeppesenVPSell3,903$90.92$354,860.76View SEC Filing  
11/19/2013Roger PlankInsiderSell7,500$92.35$692,625.00View SEC Filing  
11/11/2013John LoweDirectorBuy1,500$89.90$134,850.00View SEC Filing  
10/16/2013John R BedingfieldInsiderSell5,000$90.00$450,000.00View SEC Filing  
9/5/2013Rebecca A HoytVPSell2,867$86.11$246,877.37View SEC Filing  
9/3/2013Chansoo JoungDirectorBuy10,000$86.13$861,300.00View SEC Filing  
5/29/2013John R BedingfieldInsiderSell7,400$85.00$629,000.00View SEC Filing  
5/20/2013G Steven FarrisCEOBuy10,000$83.69$836,900.00View SEC Filing  
5/20/2013John R BedingfieldInsiderSell6,250$83.81$523,812.50View SEC Filing  
5/13/2013John R BedingfieldInsiderSell3,400$83.00$282,200.00View SEC Filing  
4/1/2013George D LawrenceDirectorBuy3,000$76.00$228,000.00View SEC Filing  
3/26/2013Randolph M FerlicDirectorBuy10,000$74.48$744,800.00View SEC Filing  
3/5/2013William C MontgomeryDirectorBuy2,000$73.11$146,220.00View SEC Filing  
11/16/2012Charles J PitmanDirectorBuy1,000$75.40$75,400.00View SEC Filing  
11/5/2012F. Brady Parish JrVPBuy4,750$80.96$384,560.00View SEC Filing  
(Data available from 1/1/2013 forward)

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Apache Corporation (APA) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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