Apache (NYSE:APA) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Apache (NYSE:APA) last posted its quarterly earnings data on Wednesday, February 27th. The energy company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. Apache had a return on equity of 7.62% and a net margin of 0.54%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. On average, analysts expect Apache to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
APA stock opened at $33.06 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.04 and a current ratio of 1.22. Apache has a 1-year low of $24.56 and a 1-year high of $50.03. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 4.75 and a beta of 1.76.
APA has been the topic of several research analyst reports. Raymond James set a $51.00 price objective on Apache and gave the stock a “buy” rating in a research report on Sunday, December 30th. Zacks Investment Research raised Apache from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, April 9th. Piper Jaffray Companies reissued a “hold” rating and issued a $35.00 price objective on shares of Apache in a research report on Wednesday, January 9th. Royal Bank of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of Apache in a research report on Monday, January 7th. Finally, Seaport Global Securities reissued a “hold” rating on shares of Apache in a research report on Wednesday, January 30th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $41.82.
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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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
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