Q1 2020 EPS Estimates for Apache Co. (NYSE:APA) Increased by Analyst

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Apache Co. (NYSE:APA) – Investment analysts at Piper Jaffray Companies raised their Q1 2020 earnings per share estimates for shares of Apache in a research report issued to clients and investors on Tuesday, November 12th. Piper Jaffray Companies analyst R. Todd now anticipates that the energy company will post earnings per share of ($0.13) for the quarter, up from their previous forecast of ($0.29). Piper Jaffray Companies also issued estimates for Apache’s FY2020 earnings at ($0.27) EPS.

Apache (NYSE:APA) last posted its earnings results on Wednesday, October 30th. The energy company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.10). Apache had a negative net margin of 14.78% and a positive return on equity of 1.08%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $0.63 EPS.

Several other equities analysts also recently commented on the company. Raymond James decreased their target price on Apache from $32.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. SunTrust Banks assumed coverage on Apache in a report on Monday, September 23rd. They issued a “buy” rating and a $32.00 price objective for the company. Mitsubishi UFJ Financial Group restated a “neutral” rating and issued a $28.00 price objective (down from $39.00) on shares of Apache in a report on Tuesday, October 8th. Citigroup increased their price objective on Apache from $22.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Finally, TheStreet downgraded Apache from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. Apache presently has an average rating of “Hold” and a consensus price target of $31.67.

Shares of Apache stock traded up $0.56 on Friday, hitting $23.99. The stock had a trading volume of 2,274,835 shares, compared to its average volume of 6,069,953. Apache has a twelve month low of $19.44 and a twelve month high of $38.12. The business’s 50 day moving average is $23.02 and its two-hundred day moving average is $25.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.07. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 13.55 and a beta of 1.87.

A number of institutional investors have recently modified their holdings of the business. Rational Advisors LLC grew its stake in Apache by 564.8% in the 3rd quarter. Rational Advisors LLC now owns 3,404 shares of the energy company’s stock valued at $87,000 after buying an additional 2,892 shares in the last quarter. Corient Capital Partners LLC purchased a new position in Apache during the 3rd quarter valued at about $208,000. D.A. Davidson & CO. increased its position in Apache by 19.8% during the 3rd quarter. D.A. Davidson & CO. now owns 78,567 shares of the energy company’s stock valued at $2,011,000 after purchasing an additional 12,983 shares during the period. Tower Research Capital LLC TRC increased its position in Apache by 270.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,138 shares of the energy company’s stock valued at $311,000 after purchasing an additional 8,862 shares during the period. Finally, Manitou Investment Management Ltd. increased its position in Apache by 40.6% during the 3rd quarter. Manitou Investment Management Ltd. now owns 1,166,615 shares of the energy company’s stock valued at $29,865,000 after purchasing an additional 336,856 shares during the period. Hedge funds and other institutional investors own 95.18% of the company’s stock.

The firm also recently declared a — dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a yield of 4.1%. Apache’s payout ratio is currently 56.50%.

About Apache

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.

Further Reading: Dividend Aristocrat Index

Earnings History and Estimates for Apache (NYSE:APA)

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