Analysts Anticipate Apache Co. (APA) Will Post Earnings of $0.16 Per Share

Analysts expect Apache Co. (NYSE:APA) to post earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Apache’s earnings. The lowest EPS estimate is ($0.02) and the highest is $0.39. Apache reported earnings of ($0.06) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 366.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Apache will report full-year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from ($0.11) to $0.31. For the next financial year, analysts expect that the firm will post earnings of $0.77 per share, with EPS estimates ranging from ($0.74) to $2.07. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Apache.

Apache (NYSE:APA) last issued its earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned ($0.03) EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis.

APA has been the subject of a number of recent research reports. Stifel Nicolaus set a $42.00 target price on Apache and gave the stock a “hold” rating in a research note on Thursday, October 5th. Jefferies Group reaffirmed an “underperform” rating and issued a $38.00 target price on shares of Apache in a research note on Tuesday, October 10th. Zacks Investment Research downgraded Apache from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Scotiabank reaffirmed a “hold” rating and issued a $49.00 target price on shares of Apache in a research note on Tuesday, October 10th. Finally, BMO Capital Markets set a $45.00 target price on Apache and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $45.94.

In other news, Director John E. Lowe bought 3,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was bought at an average cost of $40.02 per share, for a total transaction of $120,060.00. Following the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $600,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider P Anthony Lannie sold 19,514 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $44.04, for a total value of $859,396.56. Following the transaction, the insider now owns 37,469 shares of the company’s stock, valued at $1,650,134.76. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new position in Apache during the 3rd quarter valued at about $134,000. Valeo Financial Advisors LLC purchased a new position in Apache during the 3rd quarter valued at about $135,000. Gs Investments Inc. purchased a new position in Apache during the 2nd quarter valued at about $149,000. North Star Asset Management Inc. purchased a new position in Apache during the 3rd quarter valued at about $206,000. Finally, Deprince Race & Zollo Inc. purchased a new position in Apache during the 3rd quarter valued at about $206,000. Institutional investors own 94.57% of the company’s stock.

Shares of Apache (NYSE:APA) traded down $0.40 on Friday, hitting $46.05. The company’s stock had a trading volume of 3,283,059 shares, compared to its average volume of 3,590,000. Apache has a twelve month low of $38.14 and a twelve month high of $63.18. The firm has a market cap of $17,540.00, a P/E ratio of 26.62, a PEG ratio of 8.66 and a beta of 1.05. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.95.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, January 19th. Apache’s dividend payout ratio is presently 57.80%.

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About Apache

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.

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Earnings History and Estimates for Apache (NYSE:APA)

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