Will Apache Corporation (APA) Performance Be Able To Beat The Stock Market?

Apache Corporation (APA), a Oil & Gas E&P corporation, was a gaining stock in the stock market session. Apache Corporation (APA) stock opened the day for trading at $12.20 and closed the day at $11.79 with negative move of -2.00%. The decrease change in Apache Corporation (APA) beat the change in the S&P 500 for the day which losed -2.05% in stock market session.

Apache Corporation (APA) is focused on the Oil & Gas E&P sector. This market sector has seen some movement from investors in recent days. Bullish investors of Apache Corporation (APA) will be looking for positive upcoming earnings whereas bearish investors of Apache Corporation (APA) will be looking for negative earnings. The last time Apache Corporation (APA) had an earnings surprise was on Qtr Ending 03/20 when they reported -$0.13 compared to an estimate of -$0.30 which was a difference of $+0.17 resulting in a change of +56.67%. Current earnings estimates are to be released for Current Qtr 06/2020 on Apache Corporation (APA) and out of 9 Wall Street estimates the average is saying -$0.93. The high estimate is saying -$0.16 whereas the low estimate is saying -$1.48 and the prior year Apache Corporation (APA) announced earnings at $0.11 a growth rate est. (year over year) of -945.45%.

The market performance of Apache Corporation (APA) has varied recently. Year to date Apache Corporation (APA)’s shares are down -52.99%. Over the past 12 weeks Apache Corporation (APA) is down -56.03% and over the last 4 weeks Apache Corporation (APA) is up 43.56%. Apache Corporation (APA) current income statement shows revenue (ttm) of $5.89B. Gross Profit is $4.63B. This puts the current EBITDA of Apache Corporation (APA) at $3.46B.

Wall street investors might also notice recent changes to stock analyst estimates for Apache Corporation (APA). The stock is trading with an RSI (relative strength index) of 59.49 indicating Apache Corporation (APA) is neither overbought nor oversold. Technically, APA’s short term support levels are around $14.51, $13.98 and $13.01 on the downside. APAs short term resistance levels are $23.50, $22.70 and $22.24 on the upside. The market cap of Apache Corporation (APA) is $4.45B and institutions hold 99.95% of the stock. The outstanding share count stands at 378.00M while the short float (shares short) stands at 13.15%.

Stock market research indicates that these financial estimate changes look to be directly correlated with short-term stock prices. The investors can look to capitalize on the basis of ranking. Based on technical analysis, APA has short term rating of Bullish (0.26), Intermediate rating of Neutral (-0.02) and the long-term rating of Bearish (-0.25) giving it an overall rating of Neutral (-0.01).

The EPS growth this year on Apache Corporation (APA) is expected to increase 48.10% next year. However, quarterly revenue (Sales) growth year over year stands at -25.30%. Gross margin is detected at 74.50% that represents the percent of total sales revenue that the company retains after direct cost of goods sold while return on equity (ttm) is -215.00%.

Recent Developments:

2020-04-20 – Apache Sees Q1 Unrealized Gain On Commodity Derivatives (Before Tax) Of $17 Mln.
2020-04-03 – Apache Corp Says CEO’s 2019 Total Compensation Was $14.3 Mln Vs $15.2 Mln In 2018 – SEC Filing.
2020-03-12 – Apache Corp Announces Revised Capital Guidance And Dividend Reduction.
2020-03-04 – Apache Says Clay Bretches Named Executive Vice President Of Operations.
2020-02-27 – Apache Says Q1 Alpine High Volumes Will Be Slightly Below Q4 Levels.