|Bid||23.05 x 800|
|Ask||0.00 x 4000|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||2.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||1.00 (4.25%)|
|1y Target Est||33.48|
HOUSTON, July 18, 2019 -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its second-quarter 2019 results conference call Thursday, Aug. 1, 2019, at 1 p.m. Central.
Apache Corporation (NYSE, NASDAQ: APA) today announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results. In May and July, Apache closed the sale of noncore assets in two separate transactions, comprising $612 million of net proceeds, subject to customary closing adjustments. A portion of the proceeds from these asset sales was used to retire $150 million of bonds that matured in early July. The asset sales reflect the company’s exit from the Western Anadarko Basin and the previously announced exit from the SCOOP/STACK play.
Apache (APA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Five years in the making. That is essentially the time it has taken for the S&P 500 to hit a milestone mark at 3,000 for the first time in its history. The stock gauge first closed at 2,000 on Aug. 26, 2014, according to Dow Jones Market Data.
The Dow Jones Industrial Average continues to fall away from its recent push towards the 27,000 level. Investors were taking a pause or looking for stocks to sell after Friday's strong job numbers called into question the likelihood of multiple Federal Reserve rate cuts this year. We will know more when Fed chairman Jerome Powell gives his semi-annual testimony to Congress starting on Wednesday.As a reminder, the economy added 224,000 new jobs in June as wages rose at a 3.1% annualized rate. Before the jobs report, the futures market had assigned a 26% chance of a 0.5% rate cut. Now, those odds are at zero. * 10 Best Stocks for 2019: A Volatile First Half Wall Street is also waiting for actual progress on the renewed U.S.-China trade talks, as well as indications that the troubles at Deutsche Bank (NYSE:DB) aren't signs of more systematic problems over in the Eurozone. In response, a number of mega-cap stocks are rolling over and look headed for further losses. Here are four stocks to sell or avoid:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stocks to Sell: 3M (MMM)3M (NYSE:MMM) shares are dropping hard and fast away from their 50-day moving average, closing back in on its late May lows in the wake of a downgrade from analysts at RBC Capital Markets -- echoing an earnings warning from German chemical maker BASF. The company is highly attuned to industrial activity globally, which is slowing.The company will next report results on July 25 before the bell. Analysts are looking for earnings of $2.10 per share on revenues of $8.1 billion. When the company last reported on April 25, earnings of $2.23 missed estimates by 27 cents on a 5% decline in revenues. Apache (APA)With energy prices drifting lower, Apache (NYSE:APA) is retesting its late May lows and looks set for a drop back to its late December lows near $24, which would be worth a loss of nearly 8% from here. The tensions in the Persian Gulf with Iran and a recommitment by OPEC+ to keep production low haven't been able to push energy prices back up -- weighing on the entire energy sector. * 7 A-Rated Stocks to Buy for the Rest of 2019 The company will next report results on July 31 after the close. Analysts are looking for earnings of 25 cents per share on revenues of $1.7 billion. When the company last reported on May 1, earnings of 10 cents per share missed estimates by two cents on a 6.4% decline in revenues. DuPont (DD)Shares of DuPont (NYSE:DD) are cutting back below their 50-day moving average, heading for a return to their May lows, which would be worth a loss of roughly 10% from here. This continues a downtrend that has been in play since January 2018, capping a loss of more than 30% overall.The company will next report results on Aug. 1 before the bell. Analysts are looking for earnings of 87 cents per share on revenues of $5.6 billion. When the company last reported on May 2, earnings of 84 cents per share missed estimates by a penny on an 8.7% decline in revenues. Fastenal (FAST)Shares of Fastenal (NASDAQ:FAST), which are directly tied to industrial activity via its sales of screws and other fasteners, is breaking down out of a three-month consolidation range in what looks like a return to its May lows. This comes as the 50-day moving average proves to be intractable resistance. A violation of the 200-day moving average would set up a fall all the way back to its December low.The company will next report results on July 11 before the bell. Analysts are looking for earnings of 37 cents per share on revenues of $1.4 billion. When the company last reported on April 11, earnings of 34 cents per share beat estimates by a penny on a 10.4% rise in revenues.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 * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 4 Stocks to Sell Now appeared first on InvestorPlace.
Apache Corp NYSE:APAView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for APA with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.16 billion over the last one-month into ETFs that hold APA are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. Although APA credit default swap spreads are decreasing, they remain near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
HOUSTON, July 01, 2019 -- Altus Midstream Company (“Altus”) (NASDAQ: ALTM) today announced the company has been added as a member of the Russell 3000® index, effective July 1,.
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Apache Corporation (NYSE, NASDAQ: APA) today announced the pricing of the previously announced cash tender offers (each, an “Offer” and, collectively, the “Offers”) to purchase a portion of its outstanding 2.625% notes due 2023, 3.625% notes due 2021, 3.250% notes due 2022, 6.000% notes due 2037, 7.625% notes due 2096, 7.750% notes due 2029, 7.950% notes due 2026, 7.700% notes due 2026, and 7.375% notes due 2047. The applicable total consideration to be paid for each $1,000 principal amount of Notes of each series validly tendered and not validly withdrawn prior to or at 5:00 p.m., New York City time, on June 18, 2019 (the “Early Tender Deadline”) and accepted for purchase by Apache is set forth in the column entitled “Total Consideration” in the tables below (the “Total Consideration”).
We at Insider Monkey have gone over 738 13F filings that hedge funds and famous value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article we look at what those investors think of Apache Corporation (NYSE:APA). Apache Corporation (NYSE:APA) […]