Wall Street brokerages predict that Apache Co. (NYSE:APA) will post sales of $1.59 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Apache’s earnings. The highest sales estimate is $1.73 billion and the lowest is $1.48 billion. Apache reported sales of $1.45 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.7%. The firm is expected to report its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Apache will report full year sales of $1.59 billion for the current financial year, with estimates ranging from $5.81 billion to $6.43 billion. For the next year, analysts anticipate that the firm will report sales of $6.58 billion per share, with estimates ranging from $6.07 billion to $7.42 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Apache.

Apache (NYSE:APA) last announced its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.09. Apache had a negative return on equity of 0.70% and a net margin of 10.60%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm earned ($0.03) EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year.

Several brokerages have recently weighed in on APA. Scotiabank restated a “hold” rating and set a $49.00 target price on shares of Apache in a research note on Tuesday, October 10th. Sanford C. Bernstein restated an “outperform” rating on shares of Apache in a research note on Thursday, September 21st. Barclays raised their target price on Apache from $26.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, November 20th. BMO Capital Markets restated a “hold” rating and set a $42.00 target price on shares of Apache in a research note on Tuesday, November 7th. Finally, Credit Suisse Group began coverage on Apache in a research note on Monday, December 11th. They set a “neutral” rating and a $40.00 target price for the company. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.94.

In other Apache news, Director John E. Lowe purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average price of $40.02 per share, for a total transaction of $120,060.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $600,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider P Anthony Lannie sold 19,514 shares of Apache stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $44.04, for a total transaction of $859,396.56. Following the completion of the transaction, the insider now owns 37,469 shares in the company, valued at approximately $1,650,134.76. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of APA. Dorsey & Whitney Trust CO LLC grew its position in Apache by 1.5% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 6,024 shares of the energy company’s stock worth $290,000 after purchasing an additional 87 shares in the last quarter. Nordea Investment Management AB grew its position in Apache by 0.7% during the 2nd quarter. Nordea Investment Management AB now owns 19,802 shares of the energy company’s stock worth $949,000 after purchasing an additional 143 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Apache by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,385 shares of the energy company’s stock worth $1,600,000 after purchasing an additional 185 shares in the last quarter. Colonial Trust Advisors grew its position in Apache by 0.9% during the 2nd quarter. Colonial Trust Advisors now owns 22,605 shares of the energy company’s stock worth $1,083,000 after purchasing an additional 202 shares in the last quarter. Finally, Wittenberg Investment Management Inc. grew its position in Apache by 0.7% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 34,305 shares of the energy company’s stock worth $1,644,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Shares of Apache (NYSE:APA) opened at $46.84 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.53 and a quick ratio of 1.37. The stock has a market capitalization of $17,840.00, a price-to-earnings ratio of 27.08, a P/E/G ratio of 9.43 and a beta of 1.05. Apache has a twelve month low of $38.14 and a twelve month high of $64.13.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.13%. Apache’s dividend payout ratio is presently 57.80%.

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About Apache

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

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Earnings History and Estimates for Apache (NYSE:APA)

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