Brokerages expect Apache Co. (NYSE:APA) to post $0.40 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Apache’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.13. Apache reported earnings per share of $0.08 during the same quarter last year, which would suggest a positive year over year growth rate of 400%. The business is expected to announce its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Apache will report full-year earnings of $1.56 per share for the current year, with EPS estimates ranging from $0.35 to $2.88. For the next fiscal year, analysts forecast that the firm will post earnings of $1.41 per share, with EPS estimates ranging from $0.17 to $2.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Apache.
Apache (NYSE:APA) last released its earnings results on Thursday, February 22nd. The energy company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.12. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Apache had a net margin of 20.32% and a return on equity of 1.11%. During the same quarter last year, the business earned ($0.06) EPS.
In other Apache news, Director John E. Lowe bought 3,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were acquired at an average price of $40.02 per share, with a total value of $120,060.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $600,300. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John E. Lowe bought 2,500 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $33.80 per share, for a total transaction of $84,500.00. Following the transaction, the director now directly owns 17,500 shares in the company, valued at approximately $591,500. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Apache in the 3rd quarter worth approximately $134,000. Valeo Financial Advisors LLC purchased a new position in shares of Apache in the 3rd quarter worth approximately $135,000. Pinebridge Investments L.P. grew its position 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 buying an additional 2,229 shares during the last quarter. M Holdings Securities Inc. purchased a new position in shares of Apache in the 4th quarter worth approximately $205,000. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Apache in the 3rd quarter worth approximately $206,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.
Apache (NYSE APA) traded up $0.09 during mid-day trading on Monday, reaching $35.41. 3,035,374 shares of the company traded hands, compared to its average volume of 5,260,000. The stock has a market cap of $13,490.00, a P/E ratio of 9.57, a PEG ratio of 3.23 and a beta of 1.24. Apache has a 52 week low of $33.60 and a 52 week high of $54.64. The company has a quick ratio of 1.31, a current ratio of 1.45 and a debt-to-equity ratio of 0.90.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Friday, April 20th. Apache’s dividend payout ratio (DPR) is 27.03%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.