Apache Stock Forecast, Price & News

Apache's stock was trading at $8.25 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, APA shares have increased by 53.3% and is now trading at $12.65.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apache in the last year. There are currently 1 sell rating, 12 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Apache is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Apache Co. (NYSE:APA) posted its quarterly earnings data on Wednesday, July, 29th. The energy company reported ($0.74) EPS for the quarter, beating the Zacks' consensus estimate of ($1.01) by $0.27. The energy company had revenue of $752 million for the quarter, compared to analyst estimates of $708.60 million. Apache had a negative return on equity of 1.72% and a negative net margin of 131.89%. Apache's revenue was down 53.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share.
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Apache declared a quarterly dividend on Wednesday, September 16th. Investors of record on Thursday, October 22nd will be given a dividend of $0.025 per share on Monday, November 23rd. This represents a $0.10 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, October 21st.
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22 analysts have issued 1-year price targets for Apache's stock. Their forecasts range from $9.00 to $28.00. On average, they expect Apache's stock price to reach $17.10 in the next year. This suggests a possible upside of 35.2% from the stock's current price.
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Apache saw a drop in short interest during the month of August. As of August 14th, there was short interest totaling 14,340,000 shares, a drop of 19.4% from the July 30th total of 17,790,000 shares. Based on an average trading volume of 14,160,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 3.8% of the company's shares are sold short.
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Some companies that are related to Apache include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Continental Resources (CLR), Diamondback Energy (FANG), Noble Energy (NBL), EQT (EQT), Marathon Oil (MRO), Devon Energy (DVN), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Whiting Petroleum (WLL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Apache investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Aegean Marine Petroleum Network (ANW), Occidental Petroleum (oxy), Citigroup (C), Exxon Mobil (XOM), Transocean (RIG), Cimarex Energy (XEC) and Honeywell International (HON).

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

Apache's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.60%), FMR LLC (2.23%), Bank of New York Mellon Corp (1.11%), Charles Schwab Investment Management Inc. (0.94%), Goldman Sachs Group Inc. (0.49%) and Douglas Lane & Associates LLC (0.46%). Company insiders that own Apache stock include John E Lowe, Juliet S Ellis, P Anthony Lannie, Rebecca A Hoyt, Wheals Rob and William Mark Meyer.
View institutional ownership trends for Apache.

APA stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Balyasny Asset Management LLC, Goldman Sachs Group Inc., APG Asset Management N.V., HighTower Advisors LLC, Swiss National Bank, and Mitsubishi UFJ Trust & Banking Corp.
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APA stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Alyeska Investment Group L.P., Point72 Asset Management L.P., Duality Advisers LP, ArrowMark Colorado Holdings LLC, Verition Fund Management LLC, Douglas Lane & Associates LLC, and Whitebox Advisors LLC. Company insiders that have bought Apache stock in the last two years include John E Lowe, Juliet S Ellis, P Anthony Lannie, Wheals Rob, and William Mark Meyer.
View insider buying and selling activity for Apache.

Shares of APA 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, Robinhood, Fidelity, and Charles Schwab.

One share of APA stock can currently be purchased for approximately $12.65.

Apache has a market capitalization of $4.77 billion and generates $6.41 billion in revenue each year. Apache employs 3,163 workers across the globe.

The official website for Apache is www.apachecorp.com.

Apache's mailing address is ONE POST OAK CENTRAL 2000 POST OAK BLVD STE 100, HOUSTON TX, 77056. The energy company can be reached via phone at 713-296-6000 or via email at [email protected]