|Bid||26.38 x 900|
|Ask||26.41 x 900|
|Day's Range||26.07 - 27.29|
|52 Week Range||18.33 - 38.12|
|Beta (5Y Monthly)||2.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.00 (3.52%)|
|Ex-Dividend Date||Apr 20, 2020|
|1y Target Est||N/A|
Apache's (APA) high-quality drilling inventory with greater resource potential is likely to help it deliver substantial growth in Q4 results, which in turn, should boost its competence level.
A publicly-traded driller that recently laid off its local workers is turning its attention to South Texas—an area of the state it largely ignores.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
Noble Energy (NBL) is slated to release fourth-quarter earnings on Feb 12. U.S. operations are likely to have contributed bulk of its sales.
Two oil-and-gas companies have cut their payouts in the past month. A new report attempts to predict which others could do the same in the months ahead.
Guyana has been the offshore success story of 2019, and Suriname could be the story of 2020 after Apache and Total made a significant discovery of both oil and condensate off its coast
Apache (APA) shares rocket following a discovery offshore Suriname block 58. BP plc (BP) agrees to divest certain North Sea assets for $625 million.
The Zacks Analyst Blog Highlights: Apache, Occidental Petroleum, Chevron, Halliburton Company and National Oilwell Varco
Benzinga has examined the prospects for many investor favorite stocks over the past week. Benzinga continues to examine the prospects for many of the stocks most popular with investors. In Shanthi Rexaline's "7 Reasons Why Apple Is Staying On Needham's Conviction List In 2020," find out why, despite some short-term concerns, Apple Inc. (NASDAQ: AAPL) remains a long-term pick.
(Bloomberg Opinion) -- We’re not even two weeks into 2020 and the oil market has ripped through a cycle already. Courtesy of geopolitical spiciness in the Middle East, prices jumped, had a little think about it, and then slumped back into the easy chair. Still, with Iran’s nuclear deal unraveling and the U.S. election spooling up in the background, we can expect more mini-dramas as the year unfolds.But one cycle has likely come to an end already, if Friday’s job numbers are any guide.The U.S. oil and gas production business cut 6,500 jobs in November, according to preliminary figures from the Bureau of Labor Statistics.(1)That took its ranks to 430,200 — effectively flat with where it was in November 2018. In other words, the period of year-over-year job gains in the sector that began in June 2017 has come to an end. When December’s figures are published, and notwithstanding an increase in extraction jobs, overall payrolls will likely show a slight dip.At 30 months, this latest period of gains was notably short, roughly half the length of the two prior cycles. It also came off the deepest jobs recession in the industry going back at least three decades. That whipsaw speaks to both the scale of the crash in energy markets that kicked off in late 2014 and the compressed time scales of shale production versus the longer cycles of conventional fields.It isn’t all bad, though. While jobs have plateaued, they have leveled out at where they were in late 2015. That is still 100,000 or so fewer than the pre-crash peak. But as is by now painfully clear from the drubbing meted out to E&P stocks, that frenzy of activity was economically unsustainable.Just this week, Apache Corp. announced hundreds of job cuts despite having also delivered news of a major discovery in offshore Suriname. Meanwhile, Occidental Petroleum Corp. is also beginning layoffs as it tries to reduce the debt taken on in last year's acquisition of Anadarko Petroleum Corp. Clouds over long-term demand and the sheer volatility induced by things like tremors in the Middle East mean the mindset of doing more with less should be a lasting legacy of the past five years’ experience. By my rough calculation, E&P wages are running at around 10% of revenue — on a par with 2012, when oil averaged almost $100 a barrel(2). With E&P companies still early in the process of repairing balance sheets and reputations with investors, even geopolitical frisson isn’t likely to spur another hiring binge. (1) Oil and gas extraction employment figures are released on the same schedule as overall payroll figures. Oil and gas support employment (roughly 60% of the upstream workforce) comes with a two-month lag. Hence, November 2019 is the latest month for which we have complete data.(2) I calculate this by multiplying employees by hours worked and hourly rates to get the overall wage bill. Revenues are calculated by multiplying production of crude oil, natural gas and natural gas liquids by average monthly spot prices.To contact the author of this story: Liam Denning at email@example.comTo contact the editor responsible for this story: Mark Gongloff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]
In a bid to rebound from the cautious spending by oil and gas as well as exploration and production companies due to soft oil prices, Apache (APA) plans to slash global headcount by 500.
The hottest area for new oil and gas production isn’t in the Middle East or the U.S. Permian Basin. It’s off the northeast coast of South America.
The company notified the Texas Workforce Commission of hundreds of jobs that will be cut due to the closure of a San Antonio facility.
San Antonio-based workers for Houston driller Apache Corp. will soon be out of a job, the company told the Texas Workforce Commission this week. In a letter dated Jan. 6, Dominic Ricotta, senior VP of human resources, said that all 272 workers in the Alamo City will be laid off on Mar. 6. Shutting down the San Antonio office is part of that centralization process, as well as cutting 10 to 15 percent of its workforce worldwide, a company spokesperson said in a statement Thursday.