Will Apache Corporation outperform the stock market?
Mar 27, 2020 · Apache had long-term debt of $8.2 billion, representing a debt-to-capitalization ratio of 71.5%. Guidance. In 2020, this U.S. energy firm targets $1.6-$1.9 billion investment in upstream oil and ...
How is Apache Corporation investing in the Permian Basin?
Two factors sank the oil and gas company’s stock last month. What happened Shares of Apache ( APA -1.25%) plunged 17.8% in May, according to data provided by S&P Global Market Intelligence. Dual...
What's going on with Apache's Delaware Basin?
Shares of Apache Corp. slipped 3.27% to $20.13 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500...
How much oil will Apache's alpine high produce in 2020?
Why Shares of Apache Corporation (APA) Fell More Than 20% in October. John Bromels | Nov 9, 2018. Industry trends and an overall stock-market slump conspired to …
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Oct 11, 2017 · This means that instead of relying on debt, the company can use the proceeds from asset sales to bridge the funding gap. The negative free cash flows, therefore likely won't put a dent on Apache's...
Is Apache a good stock to buy?
Who bought out Apache Corporation?
Is APA stock a buy?
Did Apache get bought out?
Is Apache Corp a takeover target?
The company paid $41 billion but also issued 416 million shares of stock (which alone costs the company ~$1.2 billion in annual dividends today). It came right before a long-term decline in gas prices that has been a strong negative on the company's earnings.Jan 9, 2020
Who owns Apache oil and Gas?
What is the target price for APA?
| High | $75.00 |
|---|---|
| Median | $53.00 |
| Low | $41.00 |
| Average | $53.82 |
| Current Price | $44.11 |
Is Apache a private company?
What happened
So what
Shares of Apache ( NASDAQ:APA) plunged 17.8% in May, according to data provided by S&P Global Market Intelligence. Dual headwinds weighed on the oil and gas company's stock price last month: plunging crude prices and Apache's lackluster first-quarter results.
Now what
May was a rough month for the oil market, as crude prices tumbled by double digits. The U.S. oil benchmark, WTI, experienced the biggest decline at 16%, which pushed it down to $53.50 per barrel, its lowest level since mid-February.
The oil and gas industry player is not only reporting fantastic results but projecting massive production growth. So why is the stock market yawning?
While Apache can't do anything about the price of oil, it is working on solutions to address the Permian Basin's infrastructure issues. The company's midstream arm, Altus Midstream ( NASDAQ:ALTM), is investing in five long-haul pipelines that should start up over the next two years, including two large-scale natural gas pipelines.
A screaming bargain
John has found investing to be more interesting and profitable than collectible trading card games. He seeks growth and value stocks in the U.S., in Germany, and beyond!
It doesn't add up
In August 2016, in the depths of the oil price slump, the stock market was valuing Apache at just under $20 billion. At the time, Apache had major operations in the North Sea and Egypt, plus some lower-margin North American assets, including Canadian tar sands projects.
Leaps and bounds
As I mentioned, Apache owns about 300,000 acres at Alpine High, and adjacent land has been selling for $30,000 per acre to $40,000 per acre. Let's use the more conservative $30,000 figure. That puts an approximate sale value for Alpine High of $9 billion...just for the land alone. In other words, it's worth more than half of Apache's market cap.
Why Apache deserves some attention
Of course, Apache isn't going to sell Alpine High: it's going to continue to produce oil and gas from the play. A lot of oil and gas.
Is APA (APA) Stock Undervalued Right Now?
There are some risks to investing in Apache, of course. If oil prices drop suddenly, like they did in 2014, increased production might not be enough to keep the wolf from the door. But of course, that's a risk for the entire industry, not just Apache.
Top Energy Stocks for September 2021
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is Apache (APA) Stock a Solid Choice Right Now?
These are the energy stocks with the best value, fastest growth, and most momentum for September 2021.
Is APA Corporation (NASDAQ:APA) Popular Amongst Institutions?
Apache (APA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
APA (APA) Reports Next Week: Wall Street Expects Earnings Growth
A look at the shareholders of APA Corporation ( NASDAQ:APA ) can tell us which group is most powerful. Insiders often...
Should Shareholders Reconsider APA Corporation's (NASDAQ:APA) CEO Compensation Package?
APA (APA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
APA Corporation (NASDAQ:APA) Just Beat Earnings: Here's What Analysts Think Will Happen Next
The results at APA Corporation ( NASDAQ:APA ) have been quite disappointing recently and CEO John Christmann bears some...
