Wall Street analysts expect Apache Corporation (NYSE:APA) to post earnings per share (EPS) of $0.10 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Apache Corporation’s earnings. The lowest EPS estimate is ($0.17) and the highest is $0.20. Apache Corporation reported earnings of ($0.06) per share in the same quarter last year, which would indicate a positive year over year growth rate of 266.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Apache Corporation will report full year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.26) to $0.11. For the next financial year, analysts forecast that the business will post earnings of $0.35 per share, with EPS estimates ranging from ($1.32) to $1.22. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Apache Corporation.
Apache Corporation (NYSE:APA) last announced its earnings results on Thursday, November 2nd. The company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.09. Apache Corporation had a net margin of 10.60% and a negative return on equity of 0.70%. The firm had revenue of C$1.39 billion for the quarter, compared to analyst estimates of C$1.39 billion. During the same quarter in the previous year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year.
Several brokerages have issued reports on APA. Bank of America Corporation lifted their target price on shares of Apache Corporation from $41.00 to $42.00 and gave the stock an “underperform” rating in a report on Monday, November 6th. BidaskClub cut shares of Apache Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Citigroup Inc. cut their target price on shares of Apache Corporation from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Royal Bank Of Canada restated a “hold” rating and set a $55.00 target price on shares of Apache Corporation in a research report on Tuesday, November 7th. Finally, BMO Capital Markets set a $45.00 target price on shares of Apache Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. 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. The stock has an average rating of “Hold” and an average target price of C$47.82.
In related news, Director John E. Lowe purchased 2,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of C$40.32 per share, for a total transaction of C$80,640.00. Following the completion of the acquisition, the director now owns 12,000 shares in the company, valued at approximately C$483,840. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Hanson McClain Inc. bought a new position in Apache Corporation during the 2nd quarter worth about $106,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Apache Corporation during the 2nd quarter worth about $142,000. Gs Investments Inc. bought a new position in Apache Corporation during the 2nd quarter worth about $149,000. Bronfman E.L. Rothschild L.P. grew its holdings in Apache Corporation by 410.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,635 shares of the company’s stock worth $174,000 after acquiring an additional 2,923 shares in the last quarter. Finally, North Star Asset Management Inc. bought a new position in Apache Corporation during the 3rd quarter worth about $206,000. Institutional investors own 95.36% of the company’s stock.
Apache Corporation (APA) opened at C$44.13 on Monday. Apache Corporation has a 12-month low of C$38.14 and a 12-month high of C$69.00. The company has a quick ratio of 1.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.95.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, October 20th. Apache Corporation’s dividend payout ratio is currently 57.47%.
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Apache Corporation 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.
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