Brokers Offer Predictions for Apache Corporation’s Q4 2017 Earnings (APA)

Apache Corporation (NYSE:APA) – Capital One Financial Corporation reduced their Q4 2017 earnings estimates for shares of Apache Corporation in a research report issued to clients and investors on Wednesday. Capital One Financial Corporation analyst R. Tullis now expects that the energy company will post earnings of $0.15 per share for the quarter, down from their previous forecast of $0.20.

Apache Corporation (NYSE:APA) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the firm earned ($0.26) EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Brokers Offer Predictions for Apache Corporation’s Q4 2017 Earnings (APA)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/09/17/brokers-offer-predictions-for-apache-corporations-q4-2017-earnings-apa.html.

Several other analysts also recently issued reports on the stock. Jefferies Group LLC set a $35.00 price objective on shares of Apache Corporation and gave the stock a “sell” rating in a research note on Tuesday, August 29th. Wells Fargo & Company reissued a “market perform” rating and issued a $48.00 price objective (down previously from $55.00) on shares of Apache Corporation in a research note on Saturday, July 22nd. BidaskClub raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Cowen and Company set a $50.00 price objective on shares of Apache Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine downgraded shares of Apache Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Apache Corporation currently has an average rating of “Hold” and an average price target of $55.45.

Apache Corporation (NYSE:APA) opened at 39.30 on Friday. The company’s 50-day moving average price is $43.00 and its 200-day moving average price is $48.07. Apache Corporation has a one year low of $38.14 and a one year high of $69.00. The stock’s market cap is $14.97 billion.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fulton Bank N.A. grew its holdings in Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock worth $494,000 after purchasing an additional 59 shares during the last quarter. Utah Retirement Systems grew its holdings in Apache Corporation by 0.6% in the second quarter. Utah Retirement Systems now owns 69,785 shares of the energy company’s stock worth $3,345,000 after purchasing an additional 400 shares during the last quarter. ARGA Investment Management LP grew its holdings in Apache Corporation by 27.8% in the second quarter. ARGA Investment Management LP now owns 88,829 shares of the energy company’s stock worth $4,258,000 after purchasing an additional 19,300 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Apache Corporation in the first quarter worth $48,518,000. Finally, Lee Danner & Bass Inc. grew its holdings in Apache Corporation by 1.5% in the second quarter. Lee Danner & Bass Inc. now owns 83,237 shares of the energy company’s stock worth $3,990,000 after purchasing an additional 1,200 shares during the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director John E. Lowe purchased 2,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $40.32 per share, with a total value of $80,640.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company’s stock, valued at $483,840. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John E. Lowe purchased 2,500 shares of the business’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of $44.90 per share, for a total transaction of $112,250.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders acquired 5,500 shares of company stock worth $235,094 over the last ninety days. Corporate insiders own 0.48% of the company’s stock.

About Apache Corporation

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 and Estimates for Apache Corporation (NYSE:APA)

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