Apache Co. to Post FY2021 Earnings of $0.54 Per Share, Piper Jaffray Companies Forecasts (NYSE:APA)

Apache Co. (NYSE:APA) – Analysts at Piper Jaffray Companies issued their FY2021 EPS estimates for shares of Apache in a research note issued to investors on Sunday, October 20th. Piper Jaffray Companies analyst R. Todd expects that the energy company will post earnings of $0.54 per share for the year.

Apache (NYSE:APA) last posted its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. Apache had a positive return on equity of 5.12% and a negative net margin of 10.12%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion.

Several other equities research analysts have also recently issued reports on APA. TheStreet cut Apache from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. Morgan Stanley decreased their price objective on Apache from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, October 4th. Stifel Nicolaus set a $29.00 price objective on Apache and gave the stock a “hold” rating in a report on Monday, August 12th. Mitsubishi UFJ Financial Group restated a “neutral” rating and set a $28.00 price objective (down previously from $39.00) on shares of Apache in a report on Tuesday, October 8th. Finally, Bank of America upgraded Apache from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.95.

APA stock opened at $23.23 on Wednesday. Apache has a 52-week low of $19.44 and a 52-week high of $39.06. The stock’s fifty day simple moving average is $23.55 and its 200-day simple moving average is $26.67. The company has a quick ratio of 1.03, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 13.12 and a beta of 1.86.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Apache by 1.7% in the second quarter. Vanguard Group Inc. now owns 42,493,393 shares of the energy company’s stock valued at $1,231,034,000 after purchasing an additional 720,427 shares during the period. Charles Schwab Investment Management Inc. raised its position in Apache by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,612,432 shares of the energy company’s stock valued at $75,683,000 after purchasing an additional 39,854 shares during the period. UBS Asset Management Americas Inc. raised its position in Apache by 90.7% in the second quarter. UBS Asset Management Americas Inc. now owns 2,442,575 shares of the energy company’s stock valued at $70,761,000 after purchasing an additional 1,161,627 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Apache by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,518,352 shares of the energy company’s stock valued at $43,486,000 after purchasing an additional 23,787 shares during the period. Finally, Nuveen Asset Management LLC raised its position in Apache by 14,558.8% in the second quarter. Nuveen Asset Management LLC now owns 1,450,931 shares of the energy company’s stock valued at $42,033,000 after purchasing an additional 1,441,033 shares during the period. 95.48% of the stock is currently owned by institutional investors.

In other news, Director John E. Lowe bought 5,000 shares of Apache stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of $21.83 per share, for a total transaction of $109,150.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company’s stock, valued at $654,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by company insiders.

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

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.

Further Reading: Gap Down Stocks

Earnings History and Estimates for Apache (NYSE:APA)

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.