APA - Apache Corporation

Are Options Traders Betting on a Big Move in Apache (APA) Stock?

Investors need to pay close attention to Apache (APA) stock based on the movements in the options market lately.

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Surging Crude Prices Send Oil Stocks Soaring Today

Oil prices started this week with a bang. WTI, the primary U.S. oil price benchmark, had rallied more than 10% by 10:30 a.m. EDT on Monday, to around $32.50 a barrel, while Brent, the global oil price benchmark, jumped more than 7% to nearly $35 a barrel. The surge in crude prices buoyed most oil stocks.

Apache (APA) Q1 2020 Earnings Call Transcript

Thank you for standing by, and welcome to the Apache Corporation first-quarter 2020 earnings announcement webcast. Good morning, and thank you for joining us on Apache Corporation's first-quarter financial and operational results conference call. Clay Bretches, executive vice president of operations; and Dave Pursell, executive vice president of development planning, reserves, and fundamentals, will also be available on the call to answer questions.

Stock Market News for May 7, 2020

Benchmarks closed mixed on Wednesday as data showed that private payroll had furloughed more than 20 million workers in April, highlighting the economic impact of the pandemic.

Why These 3 Oil Stocks Skyrocketed More Than 80% in April

Shares of oil companies Devon Energy (NYSE: DVN), Continental Resources (NYSE: CLR), and Apache (NYSE: APA) rose more than 80% in April, according to data provided by S&P Global Market Intelligence. Meanwhile, Continental's share price more than doubled, up 114% to close the month at $16.39/share. For investors who bought in after the oil price crash of early March, these three oil producers have delivered handsome returns.

Apache's Q1 Loss Narrower Than Expected, Sales Miss Mark

Apache's (APA) Q1 oil and natural gas production declines 7% from the year-ago quarter due to lower contribution from the MidContinent/Gulf Coast region.

Apache (APA) Reports Q1 Loss, Misses Revenue Estimates

Apache (APA) delivered earnings and revenue surprises of 56.67% and -0.17%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Oil & Gas Stock Q1 Earnings Roster for May 6: PXD, APA & More

Weak commodity prices are likely to have hurt energy firms in Q1.

Why Earnings Season Could Be Great for Apache (APA)

Apache (APA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Will Apache (APA) Q1 Earnings Beat on Higher Permian Output?

Apache's (APA) Q1 earnings results are likely to reflect the continuity of its sequential quarter's record Permian production.

US STOCKS-Wall Street rises on Fed's $2.3 trillion rescue plan

Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses hammered by the coronavirus outbreak. In what is likely to be its largest rescue effort ever, the Fed said it would work with banks to offer 4-year loans to companies of up to 10,000 employees and directly buy bonds of states and more populous counties and cities. The financial index rose 6.09%, providing the biggest boost to the S&P 500 as banks rose sharply on the Fed's backstop.

US STOCKS-Futures dip ahead of weekly jobless claims, OPEC+ meeting

U.S. stock index futures edged lower on Thursday as investors braced for another staggering weekly jobless claims number, while oil prices rose on hopes of sweeping production cuts. Weekly initial jobless claims, the most timely data on economic health, are expected to have surged to 15 million in the past three weeks, even with figures for the week ended April 4 likely to slip to a seasonally adjusted 5.25 million, according to a Reuters poll of economists. "The virus situation in the U.S. had been worsening day by day last week and we wouldn't be surprised if we get a new record (in jobless claims)," said Charalambos Pissouros, senior market analyst at JFD Group.

US STOCKS-Futures surge on early signs of coronavirus slowdown in hot spots

SPDR S&P 500 ETFs were up 3%.

US STOCKS-Futures dip ahead of payrolls, business activity data

With global infections topping 1 million and more U.S. states implementing stay-at-home orders, economists have slashed their forecasts for U.S. real GDP. Morgan Stanley now expects U.S. real GDP to plunge 38% in the second quarter. At 07:04 a.m. EDT, Dow e-minis were down 203 points, or 0.95%, S&P 500 e-minis were down 21.25 points, or 0.84% and Nasdaq 100 e-minis were down 64.25 points, or 0.84%.

Oil firms Apache, Total make second major oil discovery offshore Suriname

The conventional plays offshore Suriname are especially significant for Apache as it follows the U.S. oil and gas producer's failed bet in the Alpine High region of the Permian basin, which has suffered from diving natural gas prices. Apache's second major find was made at the Sapakara West-1 well drilled offshore Suriname on Block 58, which comprises 1.4 million acres, the companies said on Thursday, adding that the third and fourth exploration well locations in the block have been identified. The well was drilled by a water depth of about 1,000 meters and encountered 79 meters net pay of high-quality volatile oil and condensate.

A Wave Of Downgrades Has Hit The U.S. Oil Patch

The oil price crash has seen multiple oil and gas producers have their bonds pushed into distressed territory, with the credit agencies downgrading them to junk ratings