Wall Street analysts expect Apache Co. (NYSE:APA) to announce sales of $1.65 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Apache’s earnings, with the highest sales estimate coming in at $1.74 billion and the lowest estimate coming in at $1.56 billion. Apache posted sales of $1.88 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.2%. The company is expected to issue its next earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Apache will report full-year sales of $6.83 billion for the current financial year, with estimates ranging from $6.54 billion to $7.16 billion. For the next financial year, analysts forecast that the company will post sales of $6.96 billion per share, with estimates ranging from $6.61 billion to $7.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Apache.

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Apache (NYSE:APA) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.12. Apache had a return on equity of 1.11% and a net margin of 20.32%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm posted ($0.06) earnings per share.

A number of equities research analysts have commented on the company. Royal Bank of Canada set a $48.00 price objective on Apache and gave the company a “hold” rating in a research note on Friday. Stifel Nicolaus set a $48.00 target price on Apache and gave the company a “hold” rating in a research report on Wednesday, March 28th. Jefferies Group set a $32.00 target price on Apache and gave the company a “sell” rating in a research report on Monday, March 19th. UBS started coverage on Apache in a research report on Wednesday, March 7th. They set a “sell” rating and a $34.00 target price on the stock. Finally, Citigroup cut their target price on Apache from $46.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Ten investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $41.27.

Shares of Apache stock opened at $40.79 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. Apache has a 52 week low of $33.60 and a 52 week high of $52.97. The company has a market capitalization of $15,494.41, a price-to-earnings ratio of 169.96, a PEG ratio of 3.94 and a beta of 1.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be given a $0.25 dividend. The ex-dividend date is Friday, April 20th. This represents a $1.00 annualized dividend and a yield of 2.45%. Apache’s dividend payout ratio is currently 416.67%.

In other Apache news, Director John E. Lowe acquired 2,500 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average price of $33.80 per share, with a total value of $84,500.00. Following the completion of the transaction, the director now owns 17,500 shares in the company, valued at $591,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.59% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of APA. Hexavest Inc. purchased a new position in Apache in the fourth quarter worth $30,979,000. Slate Path Capital LP purchased a new position in Apache in the fourth quarter worth $25,754,000. Millennium Management LLC bought a new stake in shares of Apache in the fourth quarter valued at $25,004,000. APG Asset Management N.V. raised its stake in shares of Apache by 19.9% in the fourth quarter. APG Asset Management N.V. now owns 3,394,463 shares of the energy company’s stock valued at $119,349,000 after buying an additional 564,551 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of Apache by 1,199.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 549,915 shares of the energy company’s stock valued at $23,217,000 after buying an additional 507,610 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

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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 Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Earnings History and Estimates for Apache (NYSE:APA)

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