Apache Corporation (NYSE:APA) is expected to report second quarter earnings results, after market close, on Wednesday 29th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 1.01 per share.
Looking ahead, the full year loss are expected at $ 2.09 per share on the revenues of $ 3879.11 million.
Previous Quarter Performance
Apache Corporation revealed loss for the first quarter of $ 0.13 per share, from the revenue of $ 1,279.00 million. The quarterly revenues contracted 21.77 percent compared with the same quarter last year. According to street consensus, APA was expected to report 1Q20 loss of $ 0.31 per share from revenue of $ 1290.32 million. The bottom line results beat street analysts by $ 0.18 or 58.06 percent, at the same time, top line results fell short of analysts by $ 11.32 million or 0.88 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of APA was $ 13.32, representing a 250.53 % increase from the 52 week low of $ 3.80 and a 60.56 % decrease over the 52 week high of $ 33.77.
The company has a market capital of $ 5.03 billion and is part of the Energy sector and Oil & Gas E&P industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Scotiabank at Sector Perform rating, with $ 14.00 target price.
- On 29th June 2020, maintained by UBS Group at Neutral rating, with $ 15.00 target price.
- On 15th June 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 18.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.025 per share on May 14, 2020. The dividend were payable on August 21, 2020 to holders of record as of the close of business on July 22, 2020 and ex-dividend date on July 21, 2020.
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 in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region. It also holds onshore assets in Egypts Western desert; and offshore assets in the North Sea region, including the United Kingdom.