28.40 0.00 (0.00%)
After hours: 5:05PM EST
|Bid||28.31 x 2200|
|Ask||28.50 x 800|
|Day's range||27.52 - 28.48|
|52-week range||18.33 - 38.12|
|Beta (5Y monthly)||2.00|
|PE ratio (TTM)||N/A|
|Earnings date||25 Feb 2020|
|Forward dividend & yield||1.00 (3.50%)|
|Ex-dividend date||20 Apr 2020|
|1y target est||32.30|
Apache's (APA) high-quality drilling inventory with greater resource potential is likely to help it deliver substantial growth in Q4 results, which in turn, should boost its competence level.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
Altus Midstream Company (“Altus”) (ALTM) today announced that Altus Midstream LP (“Altus Midstream”) has exited the initial period under its credit facility and, as a result, expanded the revolver’s capacity to $800 million from the previous level of $650 million. “Expanding our credit facility by $150 million gives us plenty of liquidity to execute our plan this year and next,” said Clay Bretches, Altus CEO and president. Through its consolidated subsidiaries, Altus owns substantially all of the gas gathering, processing and transportation assets servicing production from Apache Corporation (NYSE, Nasdaq: APA) in the Alpine High play in the Delaware Basin, owns equity interests in four Permian-to-Gulf Coast pipelines, and has the option to acquire a 50 percent equity interest in the Salt Creek NGL pipeline.
HOUSTON, Feb. 07, 2020 -- The board of directors of Apache Corporation (NYSE, Nasdaq: APA) has declared a regular cash dividend on the company's common shares. The dividend on.
Noble Energy (NBL) is slated to release fourth-quarter earnings on Feb 12. U.S. operations are likely to have contributed bulk of its sales.
HOUSTON, Jan. 23, 2020 -- Apache Corporation (NYSE, NASDAQ: APA) today provided supplemental information regarding certain fourth-quarter 2019 financial and operational.
Apache Corporation (NYSE, Nasdaq: APA) has been named by FORTUNE magazine as one of the World’s Most Admired Companies. It’s through their hard work and dedication that we provide value for our stakeholders while elevating lives around the globe through the energy people need to live and thrive. The complete list of Most Admired Companies can be found online at http://fortune.com/worlds-most-admired-companies.
Guyana has been the offshore success story of 2019, and Suriname could be the story of 2020 after Apache and Total made a significant discovery of both oil and condensate off its coast
Apache Corporation (NYSE, Nasdaq: APA) has announced the donation of over 61,000 trees to 54 partner organizations through its annual Apache Tree Grant Program. "Now in its 14th year, Apache’s tree grant program is one of many ways our employees and the company make lasting positive contributions to our communities,” said John J. Christmann IV, Apache's chief executive officer and president. “We are most grateful to Apache for their generous investment in trees for our campus,” said Rebecca Gentry, the University of Houston’s assistant vice president for strategic initiatives.
Apache (APA) shares rocket following a discovery offshore Suriname block 58. BP plc (BP) agrees to divest certain North Sea assets for $625 million.
The Zacks Analyst Blog Highlights: Apache, Occidental Petroleum, Chevron, Halliburton Company and National Oilwell Varco
(Bloomberg Opinion) -- We’re not even two weeks into 2020 and the oil market has ripped through a cycle already. Courtesy of geopolitical spiciness in the Middle East, prices jumped, had a little think about it, and then slumped back into the easy chair. Still, with Iran’s nuclear deal unraveling and the U.S. election spooling up in the background, we can expect more mini-dramas as the year unfolds.But one cycle has likely come to an end already, if Friday’s job numbers are any guide.The U.S. oil and gas production business cut 6,500 jobs in November, according to preliminary figures from the Bureau of Labor Statistics.(1)That took its ranks to 430,200 — effectively flat with where it was in November 2018. In other words, the period of year-over-year job gains in the sector that began in June 2017 has come to an end. When December’s figures are published, and notwithstanding an increase in extraction jobs, overall payrolls will likely show a slight dip.At 30 months, this latest period of gains was notably short, roughly half the length of the two prior cycles. It also came off the deepest jobs recession in the industry going back at least three decades. That whipsaw speaks to both the scale of the crash in energy markets that kicked off in late 2014 and the compressed time scales of shale production versus the longer cycles of conventional fields.It isn’t all bad, though. While jobs have plateaued, they have leveled out at where they were in late 2015. That is still 100,000 or so fewer than the pre-crash peak. But as is by now painfully clear from the drubbing meted out to E&P stocks, that frenzy of activity was economically unsustainable.Just this week, Apache Corp. announced hundreds of job cuts despite having also delivered news of a major discovery in offshore Suriname. Meanwhile, Occidental Petroleum Corp. is also beginning layoffs as it tries to reduce the debt taken on in last year's acquisition of Anadarko Petroleum Corp. Clouds over long-term demand and the sheer volatility induced by things like tremors in the Middle East mean the mindset of doing more with less should be a lasting legacy of the past five years’ experience. By my rough calculation, E&P wages are running at around 10% of revenue — on a par with 2012, when oil averaged almost $100 a barrel(2). With E&P companies still early in the process of repairing balance sheets and reputations with investors, even geopolitical frisson isn’t likely to spur another hiring binge. (1) Oil and gas extraction employment figures are released on the same schedule as overall payroll figures. Oil and gas support employment (roughly 60% of the upstream workforce) comes with a two-month lag. Hence, November 2019 is the latest month for which we have complete data.(2) I calculate this by multiplying employees by hours worked and hourly rates to get the overall wage bill. Revenues are calculated by multiplying production of crude oil, natural gas and natural gas liquids by average monthly spot prices.To contact the author of this story: Liam Denning at email@example.comTo contact the editor responsible for this story: Mark Gongloff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In a bid to rebound from the cautious spending by oil and gas as well as exploration and production companies due to soft oil prices, Apache (APA) plans to slash global headcount by 500.
Investing.com - U.S. equity futures indicate a positive start to the day on Wall Street Wednesday, as investors hope the strikes on U.S. forces in Iraq by Iran will result in an end to the military action. This means they could return to looking at the fundamentals surrounding individual stocks. With this in mind, here are some companies which are likely to be in focus today.