Apache (APA) to Release Quarterly Earnings on Thursday

Apache (NYSE:APA) will announce its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

Apache (APA) opened at $38.11 on Tuesday. 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 stock has a market cap of $14,520.00, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 4.07 and a beta of 1.05. Apache has a fifty-two week low of $35.70 and a fifty-two week high of $56.51.

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

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

A number of equities analysts have issued reports on APA shares. Barclays reaffirmed a “sell” rating and set a $32.00 price objective on shares of Apache in a report on Sunday, December 24th. Credit Suisse Group began coverage on Apache in a research note on Monday, December 11th. They set a “neutral” rating and a $40.00 target price on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $55.00 target price on shares of Apache in a research note on Tuesday, November 7th. Morgan Stanley lifted their target price on Apache from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Jefferies Group set a $35.00 target price on Apache and gave the stock a “sell” rating in a research note on Wednesday, December 20th. 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 company’s stock. Apache presently has a consensus rating of “Hold” and an average target price of $45.69.

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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)

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