Market Update: Apache Corp (NYSE:APA) – Apache Declares Cash Dividend On Common Shares

[PR Newswire] – HOUSTON, Feb. 4, 2016 /PRNewswire/ — The board of directors of Apache Corporation (NYSE, Nasdaq: APA) has declared the regular cash dividend on the company’s common shares. The dividend on common shares … Read more on this. Apache Corp. (APA) , with a current market cap of $15.40B, opened this morning at $42.06. Today, shares have traded between $40.49 and $43.80 per share with a one year range of $32.20 to $71.87. Priced at -59.77x this year’s forecasted earnings, APA shares are relatively inexpensive compared to the industry ’s 15.97x forward p/e ratio. And for income investors, the company pays shareholders $1.00 per share annually in dividends, yielding 2.45%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $-0.47 per share, which would be $1.07 better than the year-ago quarter and a $0.00 sequential increase. What we find to be interesting is that the full-year EPS estimate of $-0.69 is a $6.63 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.43 Billion. If realized, that would be a 51.19% decrease over the year-ago quarter. Recently, BofA/Merrill downgraded APA from Neutral to Underperform (Jan 5, 2016). Previously, Simmons upgraded APA from Neutral to Overweight. When considering if the stock is under or overvalued, the average price target is $46.38, which is 10.27% above where the stock opened this morning. See more in (NYSE:APA) Similar Articles: Stock Update: Apache Corp (NYSE:APA) – Apache Declares Cash Dividend On Common Shares; Sets Date For 2016 Annual Meeting Company Update: Apache Corp (NYSE:APA) – Apache Releases Third-Quarter Financial And Operational Results Stock Update (NYSE:APA): Apache Declares Cash Dividends On Common Shares