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Stock Update: Apache Corp (NYSE:APA) – Apache To Release First-Quarter 2016 Results May 5

[PR Newswire] – HOUSTON, April 18, 2016 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) will release its first-quarter 2016 results on its website, www.apachecorp.com , at 7 a.m. Central time Thursday, May 5, 2016, … Read more on this. Apache Corp. (APA) , with a current market cap of $20.23B, started the session at $50.27. A quick look at the market, the company’s stock traded between $50.07 and $53.87 and has traded between $32.20 and $71.58 over the past year. APA shares are currently priced at -24.90x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -1.75x earnings multiple for the same period. The company pays shareholders $1.00 per share annually in dividends, yielding 1.92%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $-0.87 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-2.09 which would be a $1.75 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.09 Billion. If realized, that would be a 40.11% decrease over the year-ago quarter. More recently, Wells Fargo upgraded APA from Market Perform to Outperform (Apr 8, 2016). Previously, CapitalOne downgraded APA from Overweight to Equal Weight. When considering if the stock is under or overvalued, the average price target is $47.87, which is 4.77% below where the stock opened this morning. See more in (NYSE:APA) Similar Articles: Market Update (NYSE:APA): Apache To Release Fourth-Quarter, Full-Year 2015 Results Feb. 25 Stock Update: Apache Corp (NYSE:APA) – Apache Declares Cash Dividend On Common Shares; Sets Date For 2016 Annual Meeting Company Update: Apache Corp (NYSE:APA) – Apache Releases Third-Quarter Financial And Operational Results
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