Research Analysts Offer Predictions for Apache Corporation's FY2017 Earnings

Lloyd Doyle
October 13, 2017

Apache Corporation experienced its Day High at -15.03%, with its Day Low of 10.15%. The difference between the expected and actual EPS was $-0.2/share, which represents an Earnings surprise of -2000%. The rating was maintained by BMO Capital Markets on Tuesday, September 5 with "Hold".

A number of other analysts have also commented on the company. Meanwhile, due to a recent pullback which led to a fall of nearly -2.2% in the past one month, the stock price is now with underperforming -34.76% so far on the year - still in weak zone. It has been assigned a low target price of $9.38 and a high target price of $23. Citigroup Inc. dropped their price objective on Apache Corporation from $58.00 to $50.00 and set a neutral rating on the stock in a research note on Friday, July 21st. Apache Corporation has a 1-year low of $38.14 and a 1-year high of $69.00. According to buy-side analysts, moving averages work quite well in strong trending conditions, but often poorly in choppy or ranging conditions.PRTA has analyst rating of 1.60 on scale of 1-5. Benjamin F Edwards & Inc has 0.01% invested in Apache Corporation (NYSE:APA). If you are viewing this piece of content on another website, it was stolen and republished in violation of US and global trademark and copyright law. Robeco Institutional Asset Management Bv has invested 0% in Apache Corporation (NYSE:APA).

Whereas its latest closing price kept its distance from the SMA20 at -4.62% and 0.21% from SMA 20 while it was crashed down 9.42% from the simple moving average price of 200 days. The firm's market capitalization is $15.98 billion.

Apache Corporation (NYSE:APA) last announced its quarterly earnings data on Thursday, August 3rd. The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. Apache had a negative return on equity of 4.70% and a negative net margin of 166.56%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. Mitchell Mcleod Pugh & Williams holds 5,880 shares or 0.21% of its portfolio. The company also recently declared a dividend that will be paid on Wednesday the 22nd of November 2017. The ex-dividend date of this dividend is Friday, October 20th. Mitsubishi Ufj Tru Bk Corp stated it has 1.34 million shares or 0.12% of all its holdings. Apache Corporation's dividend payout ratio (DPR) is now -4,997.50%. On average, equities analysts predict that Apache Corporation will post $0.03 earnings per share for the current year. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Mark Sheptoff Fincl Planning Limited Liability Corp reported 625 shares. Breaking down insider in the United States, the Securities and Exchange Commission makes rules concerning insider trading. Also, Director George D. Lawrence acquired 900 shares of the firm's stock in a transaction on Friday, August 11th. JOYCE RENE R bought 10,000 shares worth $513,800. Dodge & Cox now owns 29,922,731 shares of the energy company's stock valued at $1,434,196,000 after purchasing an additional 1,152,395 shares during the period. The disclosure for this purchase can be found here. Bradley Foster & Sargent Inc acquired 10,509 shares as Apache (APA)'s stock declined 7.72%.

The best measure of a company is its profitability, for without it, it can not grow, and if it doesn't grow, then its stock will trend downward. Missouri-based Duncker Streett & has invested 0% in Apache Corporation (NYSE:APA). Cibc World Markets Corp lifted its position in shares of Apache Corporation by 52.3% in the first quarter.

Community Bank & Trust, Waco, Texas sold 2,005 shares last quarter decreasing its holdings in Apache Corporation by 14.2%. As of quarter end Lourd Capital, LLC had disposed of a total of 194 shares trimming its position 0.5%. State Street Corp now owns 20,068,849 shares of the energy company's stock valued at $961,903,000 after buying an additional 130,520 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Apache Corporation during the 2nd quarter worth approximately $142,000. Tredje AP fonden now owns 24,399 shares of the energy company's stock worth $1,254,000 after buying an additional 674 shares during the last quarter.

Cypress Energy Partners, a limited partnership company, which serves energy companies throughout North America. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids.

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