APA - Apache Corporation
| Previous Close | 36.59 |
| Open | 36.70 |
| Bid | 35.85 x 800 |
| Ask | 35.87 x 1200 |
| Day's Range | 35.56 - 36.78 |
| 52 Week Range | 24.56 - 50.03 |
| Volume | 3,929,743 |
| Avg. Volume | 4,203,620 |
| Market Cap | 13.484B |
| Beta (3Y Monthly) | 1.97 |
| PE Ratio (TTM) | 341.62 |
| EPS (TTM) | 0.10 |
| Earnings Date | May 1, 2019 |
| Forward Dividend & Yield | 1.00 (2.89%) |
| Ex-Dividend Date | 2019-04-18 |
| 1y Target Est | 36.88 |
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Why Exxon Mobil Stock Isn’t the Play in the Suddenly Hot Energy Sector
Exxon Mobil (NYSE:XOM) has a lot going for it. The company's integrated structure mitigates the effect on oil prices on earnings -- and on the XOM stock price. New management has an aggressive growth plan. Annual dividend increases continues to be solid with Exxon Mobil stock currently offering an attractive 4% yield.Overall, I like XOM stock -- at the right price. Indeed, I bought Exxon Mobil stock last year in the $70s. But I sold it in the $80s, because, again, price matters for the shares.With interest in the energy sector heating up of late, thanks to a big merger and higher oil prices, Exxon Mobil stock might seem even more attractive at the moment. But the same structure that mitigates risk also reduces reward. And so investors seeing more upside in energy stocks should remember that if the sector continues to rally, XOM is likely to underperform.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Energy Sector Gets HotThe U.S. energy industry -- which has struggled for a good chunk of the post-crisis bull market -- looks hot again. WTI crude oil prices have risen 39% already in 2019. Shale plays in Texas, in particular, are growing production at a rapid clip. And now Chevron (NYSE:CVX) is planning to acquire Anadarko Petroleum (NYSE:APC) in a deal valued at nearly $50 billion. * 10 Dow Jones Stocks Holding the Blue Chip Index Back As CNBC reported, there's a sentiment among analysts, at least, that the Chevron-Anadarko deal is just the first of many. Investors seem to agree, as major Permian stocks like Pioneer Natural Resources (NYSE:PXD) and Concho Resources (NYSE:CXO) jumped on the news of the acquisition. Those companies could be acquisition targets themselves with Exxon Mobil a potential buyer.All told, the optimism toward the industry seen so far this year makes some sense. Oil prices are helping, though natural gas prices have faded after a late 2018 spike. Production in the Permian, as well as the Bakken play in North Dakota, is likely to increase. With energy stocks largely left for dead the past few years, there's likely room for the rally to continue. Why Not Exxon Mobil Stock?If that rally does continue, XOM stock very well could rise. But it's highly unlikely that an integrated producer is the right bet for higher oil prices -- and greater shale production.The key reason is the same as it was two years ago: XOM actually isn't a great play on oil prices. The company's "downstream" businesses -- refining and petrochemicals -- benefit from lower crude prices. This has proven to be a good thing in recent years as oil plunged, as XOM stock for the most part held up well. (It certainly performed better than most other oil stocks, particularly during the 2014-2015 bust.)But those downstream businesses generally will see margins compress if oil continues to rally. And so upstream-only players -- producers like Anadarko and Concho -- should benefit more if oil adds to its YTD gains.There's also the M&A angle. Obviously, no company is going to acquire Exxon Mobil; it's the largest energy company in the world outside of Saudi Arabia. Rather, particularly given its relative lack of shale exposure, Exxon Mobil is going to be the acquirer if the shale boom continues, but it's the target, not the buyer, whose stock generally rises in those scenarios. Options Beyond XOM StockFor both those reasons, an investor betting on continued optimism toward shale should look away from XOM stock -- and to the smaller producers, one of which might be acquired by Exxon Mobil. That's why Concho and Pioneer rose on the news of the Anadarko acquisition. Chesapeake Energy (NYSE:CHK) continues to be a high-risk, and high-reward, play on that thesis. (Indeed, CHK has risen 46% so far this year.) Its debt load makes an acquisition unlikely for now; higher oil prices should make that debt more manageable and increase near-term cash flow that can reduce its leverage. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Broadly speaking, there's no shortage of potential plays if shale is going to keep moving higher. Per CNBC, RBC analyst Scott Hanold called out Noble Energy (NYSE:NBL) as a likely takeout candidate. Apache Corporation (NYSE:APA) has shale exposure and enough heft to be attractive to a major like Exxon.Again, this is not to say that XOM is a poor stock or even a sell. Higher oil prices should provide some benefit to earnings and, potentially, to Exxon Mobil shares. The dividend yield is attractive, and the valuation remains reasonable.But if shale growth continues, the big rewards here are going to go to the smaller producers and the companies that get sold. It's at those stocks that investors should look if they think the moves in the energy sector are only beginning.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Why Exxon Mobil Stock Isn't the Play in the Suddenly Hot Energy Sector appeared first on InvestorPlace.
Oilprice.com•5 days agoCould This Be The Next High Profile Permian Takeover?
The oilfield M&A game has officially kicked off following the Anadarko deal, and other major takeovers could already be in motion
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S&P Holds Onto 2900 Despite Sluggish Session
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Concho-Frontier JV to Bet on Permian Midstream Start-Up
Beta Crude Connector is going to aid in the transportation of Concho's (CXO) growing production in the Northern Midland Basin in the Permian play.
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Anadarko Deal Puts Chevron Stock on Steroids
It finally happened. After years of speculation, independent E&P firm Anadarko (NYSE:APC) finally caught a buyout bid. As expected, it was from one of the super-majors. Chevron (NYSE:CVX) took the plunge and offered to buyout APC in the sixth-largest oil and gas deal ever. Some analysts questioned what took so long and why now.Source: swong95765 via Flickr (Modified)But investors in Chevron stock should be smiling from ear to ear.For CVX, Anadarko offers the chance to boost several core drilling areas, instantly boost production as well as offer plenty of future synergies. A deal of APC was a long time coming and it was 100% worth the wait for Chevron.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chevron Stock Scores Big With AnadarkoAnadarko belongs to sort of weird class of energy stock. It's an independent oil and gas firm, meaning it operates in the upstream sector of the marketplace and makes its money by physically drilling for oil. The problem for APC has long been that it's massive. It's seriously one of, if not the largest independent E&P firm out there. Most E&P are small or mid-cap companies. This end of the market-cap/size spectrum makes it easy to grow production/earnings. But when you're as large as APC, that proposition becomes a bit harder. * 10 Stocks That Are Screaming Buys Right Now As a result, Anadarko has struggled since 2014 when oil crashed. It was never really able to move the needle enough to make a real bang with its profits or earnings potential. But it certainly tried and built upon its already world-class asset base.And that is why Chevron is willing to fork over $33 billion -- a 39% premium -- for APC shares. For that purchase price, CVX is actually getting one heck of a deal and it allows it to score on several fronts. The biggest of which starts with the letter "P."The Permian Basin has become the hotbed of drilling activity in the U.S. and it's easy to understand why. The geology is very rich and bodes itself to horizontal drilling. High production values and low-costs have made it the spot for anybody looking to benefit from shale drilling. These days, shale is more about scale of operations to drive costs even lower. Both Anadarko and Chevron have been very active in the Permian and the deal will connect their acreage together. All in all, by buying APC, CVX will have over 1,400,000 net acres in the rich Permian.Chevron plans on exploiting that connection through new drilling technology and digital analysis to score even more oil production. The best part is, CVX anticipates saving about a $1 billion in costs per year by leveraging this greater scale in the Permian.In addition to those assets, CVX will score around 400,000 acres in the Niobrara/DJ Basin in Colorado. The Niobrara is quickly emerging as a top place for shale drillers to score cheap oil/naturals gas. APC is the leading producer in the region and Chevron will add instant production here. Chevron Scores Big Offshore TooThe next win for CVX in the buyout comes offshore. Anadarko has long been one of the Gulf of Mexico's superstars and features several deep-water fields and wells. Adding APC to its mix, Chevron will now have 16 deep-water hubs in the Gulf -- with many within a 30-mile radius of each other. This is significant as it allows CVX to capitalize on so-called tie-backs and link fields together via existing underwater hubs rather than building new offshore infrastructure.As if that wasn't good enough, CVX scores some major offshore points with its LNG ambitions. Already, Chevron has become a leader in liquefied natural gas. With APC, the energy major now has a huge source to fill those shipments. Back in 2010, APC discovered around 75 trillion cubic feet of natural gas in Mozambique's waters and is quickly gaining customers for this venture. Thanks to Chevron's expertise in this area, APC's Mozambique assets are almost plug and play for the integrated energy giant. * 7 Energy Stocks to Buy as Oil Booms Chevron Raises the BarFor Chevron, buying Anadarko is a no-brainer. The best part could the actual timing of the deal. Like many of the integrated giants, CVX has seen production dip over the last few years. That's a problem when oil prices are rising as they are now. With the APC buy, Chevron instantly moves the needle today and it has the potential to keep growing in the future. That's very important.The beauty is that APC hasn't been surging on rising oil prices as, again, it was suffering under its immense size. Shares of the firm are down about 30% from its peak. CVX actually bought at a huge discount to what APC might actually be worth.Clearly, it outs CVX in the driver's seat when it comes to the major energy stocks. It also sets up an interesting situation for rivals like Exxon (NYSE:XOM) and BP (NYSE:BP). Like CVX, XOM and BP have seen production stagnate in recent years. With the APC buy, Chevron quickly vaults into the leadership spot. They'll be forced to make deals on their own.In the end, Chevron has smartly bought its way into some great assets that it can use to strengthen production profits and cash flows further. That instantly makes Chevron stock one of the best large energy stocks out there and investors should be pleased.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Anadarko Deal Puts Chevron Stock on Steroids appeared first on InvestorPlace.
- Simply Wall St.•6 days ago
Based On Its ROE, Is Apache Corporation (NYSE:APA) A High Quality Stock?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE...
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Goldman Sachs: What to Expect from Oil in 2019
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Trade of the Day: Apache Stock Looks Ripe to Gush Higher
The price of oil has rallied about 40% year to date, and while energy stocks are also trading higher as a sector of the S&P 500, there looks to be plenty of pop left in them. Through the lens of technical analysis, many of the oil exploration and development stocks such as Apache Corp (NYSE:APA) are coiling tight below well-defined technical resistance and looking giddy for a move higher.A conversation with a well-known money manager the other day reminded me to remind ye faithful readers of this column about the importance of patience in trading and investing. Price will come to those who wait, which is another way of saying that chasing charts is a bad habit in trading and ultimately will lead to losses over the longer term.Patience also means that when entering any given trade hoping for a price "breakout," it is essential to understand that just because you bought this stock doesn't mean it is ready to rip higher that very moment. Often times a qualified breakout will ultimately happen, but only after another few days, weeks or even months of more sideways movement.InvestorPlace - Stock Market News, Stock Advice & Trading Tips APA Stock Charts Click to EnlargeMoving averages legend: red - 200 week, blue - 100 week, yellow - 50 weekWith that in mind, let's look at the longer-term chart of APA stock and note that it has been in a down-trend since 2011. Furthermore, in December 2018 this stock took another leg lower by snapping a multiyear horizontal support line around the $35 area. * 10 Dow Jones Stocks Holding the Blue Chip Index Back The stock has since rebounded back to this former breakdown area while from a momentum perspective we are seeing "positive divergence" from price. Thus the question I am pondering is whether the December 2018 breakdown in the stock was a breakdown fake-out move? Click to EnlargeMoving averages legend: red - 200 day, blue - 100 day, yellow - 50 dayOn the daily chart, we see that APA stock has rebounded sharply off the late December 2018 lows and that since March it is finding good support at its yellow 50-day moving average. Most recently on April 4 the stock attempted to break down but again found support at said moving average, which was followed the next day by more buying.The $36 area has offered well-defined technical resistance the past few weeks and considering the notable bullish reversal from April 4 and 5 we are now seeing more pressure being applied on the $36 area, where I think the stock could be bought for a trade. A next upside target now becomes the red 200-day moving average around the $38 area while any strong bearish reversal on a weekly closing basis would be a stop loss signal.Get FREE ACCESS to Serge's renowned Stock Market Scanner with actionable trade ideas. Get it HERE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Best Dividend Stocks to Buy for Every Investor * 7 Catalysts That Will Send Marijuana Stocks Soaring in 2019 * 8 Risky Stocks to Watch as Earnings Season Kicks Off Compare Brokers The post Trade of the Day: Apache Stock Looks Ripe to Gush Higher appeared first on InvestorPlace.
- GlobeNewswire•11 days ago
Apache Provides First-Quarter 2019 Supplemental Information; Schedules First-Quarter 2019 Results Conference Call May 2 at 10 A.M. Central Time
HOUSTON, April 10, 2019 -- Apache Corporation (NYSE, Nasdaq: APA) today provided supplemental information regarding first-quarter 2019 Egypt tax barrels, realized derivative.
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- Insider Monkey•13 days ago
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Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The fourth quarter of 2018 is one of those periods, as the Russell […]
- InvestorPlace•13 days ago
7 Cheap Energy Stocks to Buy Now
U.S. equities are extending their breakout move -- with the Dow Jones Industrial Average extending above the 26,000 level -- pushing closer to the prior record highs set back in October.Optimism surrounds the ongoing U.S.-China trade discussion, with President Trump hinting that an agreement could be forthcoming in a matter of weeks, removing the other major worry aside from Federal Reserve tightening that spooked the market late last year. And we know just how obviously the Fed has turned tail and become super dovish in recent months.The economic data has been good as well with manufacturing activity out of China perking up and the March U.S. jobs report coming in solid.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEnergy stocks are leading the way higher as crude oil prices keep elevating ahead of the start of the summer driving season. West Texas Intermediate crude has pushed up and over its 200-day moving average and is nearing the $63-a-barrel threshold for the first time since November. * 10 Dangerous Dividend Stocks to Avoid A number of cheaper, smaller names in the space are looking ready for big moves higher. Here are seven energy stocks to watch: EOG Resources (EOG) Click to EnlargeShares of EOG Resources (NYSE:EOG) are moving back to challenge overhead resistance near $100 that has been in play since January. A breakout here would set up a run at the November/December highs and the 200-day moving average, which would be worth a gain of more than 10% from here. The company was recently upgraded by analysts at Tudor Pickering.The company will next report results on May 3 after the close. Analysts are looking for earnings of 99 cents per share on revenues of $4.1 billion. When the company last reported on Feb. 26, earnings of $1.24 per share missed estimates by 12 cents on a 36.9% rise in revenues. Shares trade at a reasonable 15x forward price-to-earnings multiple. Occidental Petroleum (OXY) Click to EnlargeShares of Occidental Petroleum (NYSE:OXY) are exiting a tight year-to-date consolidation range to return to levels not seen since early December. Watch for another test of the 200-day moving average, which proved insurmountable back in November, but would be worth at least a near-5% gain from here. Management recently noted plans to double crude exports to 600,000 barrels per day by 2020. * 10 Best Stocks for 2019: The Race Is On The company will next report results on May 14 after the close. Analysts are looking for earnings of 76 cents per share on revenues of more than $4.1 billion. When the company last reported on Feb. 12, earnings of $1.22 beat estimates by 6 cents on a 33.8% rise in revenues. Shares trade at a reasonable 15x forward price-to-earnings multiple. Anadarko Petroleum (APC) Click to EnlargeShares of Anadarko Petroleum (NYSE:APC) are rounding up in what looks like the end of a long downtrend going back to July 2018. Watch for a test of the 200-day moving average, which would be worth a gain of roughly 20% from here. Analysts at Citigroup recently resumed coverage on the stock with a buy rating.The company will next report results on May 7 after the close. Analysts are looking for earnings of 25 cents per share on revenues of $2.9 billion. When the company last reported on Feb. 5, earnings of 38 cents per share missed estimates by 24 cents on a 14.3% rise in revenues. Shares trade at a 17x forward price-to-earnings multiple. Apache Corp (APA) Click to EnlargeShares of Apache Corp (NYSE:APA) are continuing to rise within the uptrend channel established in December, challenging its November highs. Investors are continuing to react to the solid capital budget and production outlook management released in early February. * 7 High-Risk Stocks With Big Potential Rewards The company will next report results on May 29 after the close. Analysts are looking for earnings of 8 cents per share on revenues of $1.6 billion. When the company last reported on Feb. 27, earnings of 31 cents per share beat estimates by 4 cents on an 11.3% rise in revenues. Shares look a bit pricey on an earnings basis, but look good on a price-to-sales metric trading at 1.7x. Hess (HES) Click to EnlargeHess (NYSE:HES) shares are among the most extended here, already above their 200-day moving average and returning to October's trading levels. But there is likely more upside to come, with a return to the prior high worth a gain of more than 17% from here.The company will next report results on April 25 before the bell. Analysts are looking for a loss of 24 cents per share on revenues of $1.6 billion. When the company last reported on Jan. 30, a loss of 31 cents per share beat estimates by 7 cents on a 30.3% rise in revenues. Shares look a bit pricey on a valuation basis, but price momentum suggests things aren't overdone just yet. Marathon Oil (MRO) Click to EnlargeShares of Marathon Oil (NYSE:MRO) are battling with the highs set in March, attempting to break free of a multi-month consolidation range. The company is selling its U.K. businesses for roughly $140 million as management focuses 95% of its 2019 capital budget on four key U.S. resource plays. * 7 A-Rated Healthcare Stocks for Industry Expansion The company will next report results on May 15 after the close. Analysts are looking for earnings of 7 cents per share on revenues of $1.2 billion. When the company last reported on Feb. 13, earnings of 15 cents per share beat estimates by a penny on a 27.7% rise in revenues. Shares trade at a price-to-earnings multiple of just 13.2x. Devon Energy (DVN) Click to EnlargeShares of Devon Energy (NYSE:DVN) are pushing higher, also within the confines of a multi-month consolidation range, and are nearing resistance from both their 200-day moving average and their November highs. Watch for a breakout here, despite a recent downgrade from analysts at RBC Capital Markets, as higher energy prices provide a tailwind for the entire sector.The company will next report results on April 30 after the close. Analysts are looking for earnings of 27 cents on revenues of $2 billion. When the company last reported on Feb. 19, earnings of 10 cents per share missed estimates by 23 cents on revenues of $2.7 billion. Shares trade at a forward price-to-earnings multiple of 13x.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post 7 Cheap Energy Stocks to Buy Now appeared first on InvestorPlace.
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Snap and Apache jump while Boston Beer, LivaNova slip
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- Reuters•19 days ago
Cash flow still weak at U.S. shale firms, stock prices underperform
U.S. shale producers last year again spent more money than they collected, extending a years-long streak of putting oil output above cash flow and investor returns, according to a Reuters analysis of top independent producers. Total overspending by the group was $6.69 billion in 2018, according to Morningstar data provided to Reuters by the Sightline Institute and the Institute for Energy Economics and Financial Analysis. While total overspending was down slightly from a year earlier, stock prices in the sector have slid at a time when U.S. share prices in general have posted strong gains.
