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Market Update (NYSE:APA): Apache Corporation Announces First-Quarter 2016 Financial And Operational Results

[PR Newswire] – HOUSTON, May 5, 2016 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) today announced its financial and operational results for the first quarter of 2016. Cash flow from continuing operations, before changes in operating assets and liabilities, was $435 million, and adjusted EBITDA was $541 million. Despite a continued decline in our drilling activities, we delivered strong production results in North America Onshore. Read more on this. Apache Corp. (APA) , with a current market cap of $20.61B, opened this morning at $51.91. Today’s price range has been between $51.52 and $54.74 per share and has traded between $32.20 and $66.22 over the past 12 months. APA shares are currently priced at -22.95x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 3.39x earnings multiple. The company pays shareholders $1.00 per share annually in dividends, yielding 1.92%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $-0.89 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-2.21, which would be a $1.87 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.10 Billion. If reported, that would be a 39.56% decrease over the year-ago quarter. Recently, Wells Fargo upgraded APA from Market Perform to Outperform (Apr 8, 2016). Previously, CapitalOne downgraded APA from Overweight to Equal Weight. The average price target for APA shares by the analysts covering the stock is $49.13, which is 5.36% below where the stock opened this morning. See more in (NYSE:APA) Similar Articles: Stock Update: Apache Corp (NYSE:APA) – Apache To Release First-Quarter 2016 Results May 5 Company Update (NYSE:APA): Apache Releases Fourth-Quarter And Full-Year Financial And Operational Results Stock Update: Apache Corp (NYSE:APA) – Apache Declares Cash Dividend On Common Shares; Sets Date For 2016 Annual Meeting
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