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Company Update (NYSE:APA): Apache Releases Fourth-Quarter And Full-Year Financial And Operational Results

[PR Newswire] – HOUSTON, Feb. 25, 2016 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) today announced fourth-quarter and full-year 2015 financial and operational results on its website, www.apachecorp.com. Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt and the United Kingdom. Read more on this. Apache Corp. (APA) , with a current value of $14.09B, opened this morning at $37.93. Looking at the equity, the company’s one day range is $36.09 to $38.06 and has traded between $32.20 and $71.87 over the past 12 months. Apache (APA) shares are currently priced at -55.94x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.91x earnings multiple for the same period. And for income investors, the company pays shareholders $1.00 per share annually in dividends, yielding 2.68%. According to a consensus of 28 analysts, the earnings estimate of $-0.47 per share would be $1.07 better than the year-ago quarter and a $0.00 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $-0.69, which would be a $6.63 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.42 Billion. If realized, that would be a 51.54% decrease over the year-ago quarter. More recently, BofA/Merrill downgraded APA from Neutral to Underperform (Jan 5, 2016). Previously, Simmons upgraded APA from Neutral to Overweight. The average price target for APA shares by the analysts covering it is $46.21, which is 21.83% above where the stock opened. See more in (NYSE:APA) Similar Articles: Stock Update (NYSE:PCG): PG&E Corporation Releases Full-Year and Fourth-Quarter 2015 Financial Results Market Update (NYSE:APA): Apache To Release Fourth-Quarter, Full-Year 2015 Results Feb. 25 Company Update: Apache Corp (NYSE:APA) – Apache Releases Third-Quarter Financial And Operational Results
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