Apache stock: buy or sell?

APA stock price: $20.00 7.64% At close on December 6th, 2019

Updated on:
December 6th, 2019

1

Apache skyrocketed an exceptional 7.64% and closed at $20.00. On Tuesday APA plunged a bloodcurdling -6.31%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is APA a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-23SunTrust Banksn/aBuy
2019-9-23Citigroupn/aNeutral
2019-8-26Citigroupn/aNeutral
2019-8-1Bank of American/aUnderperform
2019-7-12Morgan Stanleyn/aUnderweight
2019-6-24Morgan Stanleyn/aSell
2019-4-5BMO Capital MarketsMarket PerformHold
2019-4-5BMO Capital MarketsMarket PerformMarket Perform
2019-3-6CitigroupNeutralHold

Apache stock analysis

Daily outlook

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.

APA stock chart (daily)

Weekly outlook

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%).

APA stock chart (weekly)

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 $28.20

Predicting 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:
APA stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-23SunTrust BanksInitiatesn/a$32.00-
2019-9-23CitigroupRaises Target$22.00$27.0022.7%
2019-8-26CitigroupLowers Target$35.00$22.00-37.1%
2019-8-1Bank of AmericaLowers Target$30.00$29.00-3.3%
2019-7-12Morgan StanleyLowers Target$19.00$18.00-5.3%
2019-6-24Morgan StanleySet Price Targetn/a$19.00-
2019-4-5BMO Capital MarketsSet Price Target$30.00$36.0020%
2019-4-5BMO Capital MarketsRaises Target$30.00$36.0020%
2019-3-6CitigroupReiterates$31.00$35.0012.9%
(in average)$28.10$28.200.0%
The price prediction for Apache stock is $28.20, moving in a range between $36.00 and $18.00. In average, analysts' outlook on APA price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
APA earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.11n/a
2017-Q2-n/a1.54n/a
2017-Q32017-11-02-0.060.04n/a
2017-Q42018-02-220.210.3357.1%
2018-Q12018-05-020.260.3223.1%
2018-Q22018-08-010.350.542.9%
2018-Q32018-10-310.430.6346.5%
2018-Q42019-02-270.250.3124.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 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%.

APA annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
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 M9.69%$1,304 M22.2%-192.81%
2018$7,348 M24.82%$40 M0.5%-96.93%

Quarterly financial results

Apache 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%.
APA quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$1,510 M-$213 M14.1%-
2017-Q2$1,350 M-10.60%$572 M42.4%168.54%
2017-Q3$1,389 M2.89%$63 M4.5%-88.99%
2017-Q4$1,640 M18.07%$456 M27.8%623.81%
2018-Q1$1,728 M5.37%$145 M8.4%-68.20%
2018-Q2$1,936 M12.04%$195 M10.1%34.48%
2018-Q3$1,976 M2.07%$81 M4.1%-58.46%
2018-Q4$1,703 M-13.82%$-381 M-22.4%-570.37%

Apache ownership

When 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:

APACHKCOPCVXDVN
Market cap$7.5 B$1.4 B$65.8 B$219.9 B$8.9 B
Total shares376.0 M1,950.0 M1,100.0 M1,890.0 M384.1 M
Float shares374.8 M1,540.0 M1,080.0 M1,890.0 M381.3 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 selling0.0%0.0%0.0%0.0%0.0%

Apache summary

Friday, December 6th, 2019
Open$18.50
Close$20.00
Day range$18.33 - $20.17
Previous close$18.58
Session gain7.64%
Average true range$1.10
50d mov avg$22.42
100d mov avg$22.70
200d mov avg$26.64
Daily patternlb06a
Weekly pattern lb03a

Apache performance

Performance 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.
Stock3m6m12m
APAApache-9.50%-29.38%-37.15%
CHKChesapeake Energy-54.43%-61.90%-73.53%
COP12.42%2.78%-7.18%
CVXChevron-0.67%-2.30%4.82%
DVNDevon Energy-0.52%-9.25%-13.78%
EOGEOG Resources-7.26%-15.93%-31.06%
MROMarathon Oil0.40%-5.68%-21.30%
NBLNoble Energy-3.10%7.00%-5.98%
OXYOccidental Petrol...-12.74%-17.08%-38.69%
PXDPioneer Natural R...-0.09%-11.19%-9.77%

Apache competitors

We selected a few stocks to conform a list of Apache competitors to review if you are interested in investing in APA:

Latest Apache stock news