|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||30.54 - 32.92|
|52 Week Range||30.54 - 50.03|
|Beta (3Y Monthly)||1.70|
|PE Ratio (TTM)||13.73|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||1.00 (3.03%)|
|1y Target Est||47.08|
Altus Midstream is a brand new oil and gas infrastructure operator, but its earnings are primed to soar in the next few years.
The EIA’s (U.S. Energy Information Administration) latest oil and natural gas inventory data are scheduled to be released on December 12–13, respectively. The data could be an important short-term driver for oil and natural gas prices. OPEC and the IEA’s Monthly Oil Market Report will likely be the key catalyst for oil prices.
Considering Apache's (APA) Permian focus along with midstream efforts, we believe that the company will be able to counter the odds and turnaround in the coming years.
Apache Corporation (NYSE, Nasdaq: APA) today announced it has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea. The discovery well, which is located 6 kilometers south of the Beryl Alpha Platform, was placed on production in late November, less than eight months after being drilled in March 2018. The discovery well at Garten encountered a downthrown structural closure with 778 feet of net oil pay in stacked, high-quality, Jurassic-aged sandstone reservoirs. The well is currently producing from the Beryl sand at a rate of 13.7 thousand barrels of oil per day (MBOPD) and 15.7 million cubic feet of gas per day (MMCFPD).
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll show how Apache Corporation's (NYSE:APA) P/E ratio Read More...
Devon Energy (DVN) might have an upside of 75.1% in the next 12 months based on analysts’ mean target price. With the current downturn in oil prices and the risk of the WTI-WCS (Western Canada Select) spread, which we discussed in the previous part, such a huge upside isn’t likely. With the recovery in the spread, investors might expect a short-term upside momentum in the stock.
The EIA’s (U.S. Energy Information Administration) latest oil and natural gas inventory data are scheduled to be released on December 5–6, respectively. The data could be an important short-term driver for oil and natural gas prices. However, OPEC’s meeting on December 6 will likely be the key catalyst for oil prices. In Part 1, we dicussed the importance of OPEC’s meeting.
In November, Devon Energy (DVN) fell 16.6%—the biggest decline on our list of upstream stocks. Our list of upstream stocks is based on the S&P 500 Index’s (SPY) upstream energy sector holdings.
An appellate court ruled Thursday that the arbitrability of a legal dispute between Houston-based Apache Corp. and Fort Worth-based Wagner Oil Company will have to be debated in front of an arbitrator in another county.
Christopher Earnest, Partner, Houston Office of Compensation Advisory Partners By John Jannarone A slew of companies have been in the crosshairs of proxy advisors due to their approach to so-called Say on Pay practices. In the energy sector, for example, the likes of Halliburton, C&J, and Parker Drilling faced criticism for failing to conduct appropriate […]
The EIA’s (U.S. Energy Information Administration) latest oil and natural gas inventory data are scheduled to be released on November 28 and November 29, respectively. The data could be an important short-term driver for oil and natural gas prices. The EIA’s Monthly Crude Oil and Natural Gas Production report will likely provide an important road map for oil and natural gas prices.
The Zacks Analyst Blog Highlights: Antero Resources, Gulfport Energy, Approach Resources and Apache
On November 19, ConocoPhillips (COP) confirmed to CNBC that it has been engaged in talks with Jim Ratcliffe, the United Kingdom’s wealthiest man and Ineos’ CEO, about selling its assets in the United Kingdom. The deal could fetch ~$3 billion for ConocoPhillips.
On November 12–19, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.6%—the largest decline among major energy ETFs. A fall of 4.8% in US crude oil prices has either dragged or limited the upside in upstream energy stocks. However, with OPEC and non-OPEC oil producers’ plan to reduce the oil output, US crude oil prices might see an upside.
The EIA’s latest oil and natural gas inventory data are scheduled to be released on November 21. The data could be an important short-term driver for oil and natural gas prices.
Overall earnings growth of S&P 500 companies in third quarter has already surpassed earnings growth in the second quarter, which was the highest in seven years.
Some people go into the oil business because of an interest in geology. For Raymond Plank, founder of Apache Corp., it was more of a tax-avoidance strategy. After flying 40 combat missions for the U.S. Army Air Corps during World War II, the Yale-educated Mr. Plank wanted to start his own business rather than working for someone else.
GFL Environmental Inc., a waste management company backed by BC Partners and Ontario Teachers’ Pension Plan, has completed its merger with peer Waste Industries in a $2.8 billion deal. BC Partners led ...
On November 7–14, our list of oil-weighted stocks fell 11.2%—compared to the 8.8% fall in US crude oil December futures. On average, our list of oil-weighted stocks underperformed US crude oil prices. In the previous part, we saw that most of these oil-weighted stocks’ correlations with oil prices rose significantly.
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again. U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 independent producers. Results at 32 independent shale explorers show nearly a third generated more cash from operations than they spent on drilling and shareholder payouts, a group including Devon Energy , EOG Resources and Continental Resources .