Apache (APA) to Release Earnings on Thursday

Apache (NYSE:APA) is scheduled to release its earnings data before the market opens on Thursday, February 22nd. Analysts expect Apache to post earnings of $0.11 per share for the quarter.

Apache (APA) opened at $38.20 on Thursday. Apache has a 52 week low of $35.70 and a 52 week high of $56.67. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 1.53. The company has a market capitalization of $14,550.00, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 4.07 and a beta of 1.05.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, April 20th. Apache’s dividend payout ratio is presently 57.80%.

A number of equities research analysts have weighed in on the company. ValuEngine downgraded Apache from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus set a $41.00 target price on Apache and gave the company a “hold” rating in a report on Tuesday, January 30th. Bank of America raised their target price on Apache from $41.00 to $42.00 and gave the company an “underperform” rating in a report on Monday, November 6th. Scotiabank set a $49.00 target price on Apache and gave the company a “hold” rating in a report on Monday, November 13th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 target price on shares of Apache in a report on Tuesday, November 7th. Nine 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 stock. The company has an average rating of “Hold” and a consensus price target of $45.69.

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

TRADEMARK VIOLATION NOTICE: “Apache (APA) to Release Earnings on Thursday” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/15/apache-apa-to-release-earnings-on-thursday.html.

Apache Company Profile

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.

Earnings History for Apache (NYSE:APA)

Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply