$0.37 Earnings Per Share Expected for Apache Co. (APA) This Quarter

Equities research analysts expect Apache Co. (NYSE:APA) to report earnings of $0.37 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Apache’s earnings, with estimates ranging from $0.13 to $0.56. Apache posted earnings of $0.08 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 362.5%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that Apache will report full year earnings of $1.47 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $2.63. For the next financial year, analysts anticipate that the company will post earnings of $1.32 per share, with EPS estimates ranging from $0.17 to $1.69. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Apache.

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Apache (NYSE:APA) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.12. Apache had a net margin of 20.32% and a return on equity of 1.11%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the business posted ($0.06) EPS.

A number of brokerages recently weighed in on APA. Stifel Nicolaus set a $41.00 price target on shares of Apache and gave the stock a “hold” rating in a research note on Tuesday, January 30th. ValuEngine cut shares of Apache from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “hold” rating and set a $45.00 price target on shares of Apache in a research note on Monday, March 5th. UBS began coverage on shares of Apache in a research note on Wednesday, March 7th. They set a “sell” rating and a $34.00 price target for the company. Finally, Jefferies Group set a $35.00 price target on shares of Apache and gave the stock a “sell” rating in a research note on Wednesday, December 20th. Ten investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.27.

Shares of Apache stock opened at $41.35 on Friday. The firm has a market capitalization of $15,559.26, a PE ratio of 172.29, a P/E/G ratio of 3.95 and a beta of 1.10. The company has a quick ratio of 1.31, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. Apache has a 12-month low of $33.60 and a 12-month high of $52.67.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, April 20th. Apache’s dividend payout ratio (DPR) is presently 416.67%.

In other news, Director John E. Lowe bought 2,500 shares of Apache stock in a transaction dated Friday, March 2nd. The stock was bought at an average price of $33.80 per share, for a total transaction of $84,500.00. Following the purchase, the director now owns 17,500 shares of the company’s stock, valued at $591,500. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.59% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Apache in the 3rd quarter worth $134,000. Pinebridge Investments L.P. lifted its stake in shares of Apache by 176.1% in the 4th quarter. Pinebridge Investments L.P. now owns 3,495 shares of the energy company’s stock worth $148,000 after acquiring an additional 2,229 shares during the period. M Holdings Securities Inc. purchased a new position in shares of Apache in the 4th quarter valued at about $205,000. First Merchants Corp purchased a new position in shares of Apache in the 4th quarter valued at about $226,000. Finally, Aries Wealth Management purchased a new position in shares of Apache in the 4th quarter valued at about $233,000. Institutional investors own 95.96% of the company’s stock.

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Apache Company Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Earnings History and Estimates for Apache (NYSE:APA)

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