Apache stock: buy or sell?
December 6th, 2019
Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs).
Should I buy Apache stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Apache stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Apache stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we gathered 9 ratings published for APA stock in the last 30 days. The general sentiment of these ratings is bearish for APA stock, with 3 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-1||Bank of America||n/a||Underperform|
|2019-4-5||BMO Capital Markets||Market Perform||Hold|
|2019-4-5||BMO Capital Markets||Market Perform||Market Perform|
Apache stock analysis
Apache ended today at $20.00 and skyrocketed an exceptional 7.64%.
Apache shares skyrocketed 7.64% to $20.00 today. APA marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $23.74 would break this short term down trend and open possibilities for reversing this situation.
Shares of Apache plunged a dreadful -10.23% this week. With this, it's been 4 red weeks in a row, sliding $-4.43 or a -18.61%. Late October APA boosted an outstanding 7.31% in just one week.
APA shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $22.19 by mid November. Previous top ($25.08) will play as a resistance in possible new gains. Since price and 20-weeks moving average lines crossed down last week, APA fell $-3.41 per share (-14.57%).
Apache stock price history
Apache stock historical price chart
APA stock reached 52-week highs on April at $37.04, and all-time highs 2008-05-21 with a price of 126.09.
Apache stock price target is $28.20Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We have 9 price targets for APA stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-1||Bank of America||Lowers Target||$30.00||$29.00||-3.3%|
|2019-7-12||Morgan Stanley||Lowers Target||$19.00||$18.00||-5.3%|
|2019-6-24||Morgan Stanley||Set Price Target||n/a||$19.00||-|
|2019-4-5||BMO Capital Markets||Set Price Target||$30.00||$36.00||20%|
|2019-4-5||BMO Capital Markets||Raises Target||$30.00||$36.00||20%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Apache reported its latest financial data, posting a great gain for the Earnings per Share (EPS) ratio. Experts expected $0.25 per share, but Apache posted $0.31.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Apache annual revenues rocketed an exceptional 24.82% to $7,348.00 M dollars from $5,887.00 marked in 2017. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) plummed a -21.61% to 0.54%.
|2013||$14,790 M||-||$1,920 M13.0%||-|
|2014||$13,749 M||-7.04%||$-5,403.00 M-39.3%||-381.41%|
|2015||$6,383 M||-53.57%||$-23,119.00 M-362.2%||327.89%|
|2016||$5,367 M||-15.92%||$-1,405.00 M-26.2%||-93.92%|
|2017||$5,887 M||9.69%||$1,304 M22.2%||-192.81%|
|2018||$7,348 M||24.82%||$40 M0.5%||-96.93%|
Quarterly financial resultsApache posted $1,703.00 M in revenues for 2018-Q4, a -13.82% decline compared to previous quarter. Reported quarter earnings marked $-381.00 million with a profit margin of -22.37%. Profit margin plunged a -26.47% compared to previous quarter when profit margin was 4.10%. When comparing turnover to same quarter last year, Apache sales marked a fine growth and gained a 3.84%.
|2017-Q1||$1,510 M||-||$213 M14.1%||-|
|2017-Q2||$1,350 M||-10.60%||$572 M42.4%||168.54%|
|2017-Q3||$1,389 M||2.89%||$63 M4.5%||-88.99%|
|2017-Q4||$1,640 M||18.07%||$456 M27.8%||623.81%|
|2018-Q1||$1,728 M||5.37%||$145 M8.4%||-68.20%|
|2018-Q2||$1,936 M||12.04%||$195 M10.1%||34.48%|
|2018-Q3||$1,976 M||2.07%||$81 M4.1%||-58.46%|
|2018-Q4||$1,703 M||-13.82%||$-381 M-22.4%||-570.37%|
Apache ownershipWhen you are planning to invest in a stock, it's worth to overview its ownership structure.
Apache shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.27% of all shares.
Bearish positions for APA stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Apache:
|Market cap||$7.5 B||$1.4 B||$65.8 B||$219.9 B||$8.9 B|
|Total shares||376.0 M||1,950.0 M||1,100.0 M||1,890.0 M||384.1 M|
|Float shares||374.8 M||1,540.0 M||1,080.0 M||1,890.0 M||381.3 M|
|- Institutional holdings (%)||102.3%||63.8%||75.1%||67.5%||88.4%|
|- Insider holdings (%)||0.3%||1.1%||0.1%||0.1%||0.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, December 6th, 2019|
|Day range||$18.33 - $20.17|
|Average true range||$1.10|
|50d mov avg||$22.42|
|100d mov avg||$22.70|
|200d mov avg||$26.64|
Apache performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Apache, the benchmark is made against Chesapeake Energy, , Chevron, Devon Energy, EOG Resources, Marathon Oil, Noble Energy, Occidental Petroleum and Pioneer Natural Resources.
|PXDPioneer Natural R...||-0.09%||-11.19%||-9.77%|
Apache competitorsWe selected a few stocks to conform a list of Apache competitors to review if you are interested in investing in APA:
- Chesapeake Energy (CHK)
- Chevron (CVX)
- Devon Energy (DVN)
- EOG Resources (EOG)
- Marathon Oil (MRO)
- Noble Energy (NBL)
- Occidental Petroleum (OXY)
- Pioneer Natural Resources (PXD)
Latest Apache stock news
- InvestorPlaceThursday’s Vital Data: Apache, Halliburton and MicronJune 13, 2019
- Seeking AlphaHere's Why Apache Corp. Can Significantly Grow Earnings And Cash FlowsMay 26, 2019
- Seeking AlphaApache Corp.: Permian Production Keeps GrowingMay 9, 2019
- Seeking AlphaWhy Apache Doesn't Need To Be The Next Andarko To OutperformMay 8, 2019
- InvestorPlaceTrade of the Day: Apache Stock Looks Ripe to Gush HigherApril 11, 2019