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Apache Corporation (APA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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17.27-1.08 (-5.89%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous Close18.35
Open18.03
Bid17.27 x 4000
Ask17.65 x 4000
Day's Range17.12 - 18.03
52 Week Range3.80 - 32.74
Volume8,919,047
Avg. Volume11,242,464
Market Cap6.519B
Beta (5Y Monthly)4.88
PE Ratio (TTM)N/A
EPS (TTM)-20.78
Earnings DateFeb. 24, 2021 - Mar. 01, 2021
Forward Dividend & Yield0.10 (0.54%)
Ex-Dividend DateJan. 21, 2021
1y Target Est18.10
  • Apache Corporation Announces Fourth Consecutive Oil Discovery in Block 58 Offshore Suriname at Keskesi East-1 Well
    GlobeNewswire

    Apache Corporation Announces Fourth Consecutive Oil Discovery in Block 58 Offshore Suriname at Keskesi East-1 Well

    Apache Corp. and Total S.A., Offshore Suriname, Block 58 On Jan. 14, 2021, Apache Corporation and Total S.A. announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. This follows the January, April and July 2020 announcements of discoveries at the Maka Central-1, Sapakara West-1 and Kwaskwasi-1 wells, respectively. The next exploration well on Block 58 will be at the Bonboni location.HOUSTON, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. Keskesi East-1 encountered targets in the upper Cretaceous-aged Campanian and Santonian intervals. The shallower Campanian interval contains 58 meters (190 feet) of net oil, volatile oil and condensate pay and the Santonian interval contains 5 meters (16 feet) of net oil and volatile oil pay. Fluid samples indicate API oil gravities of approximately 27 to 28 degrees in the Campanian and 35 to 37 degrees in the Santonian. The Keskesi East-1 well is continuing to drill to deeper Neocomian-aged targets. Upon completion of operations at Keskesi East-1, the Noble Sam Croft drillship will be released as planned.“We are very pleased to announce our fourth consecutive discovery in Block 58 at Keskesi, which confirms oil in the eastern portion of the block,” said John Christmann, Apache’s chief executive officer and president. “We are excited to commence the appraisal program on our initial discoveries and extend our Block 58 exploration program to the north in 2021.”Pursuant to the terms of its joint venture agreement, Apache transferred operatorship of Block 58 to Total S.A. on Jan. 1, 2021. Apache will continue to operate the Keskesi exploration well until release of the Noble Sam Croft drillship.About ApacheApache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom and exploration activities offshore Suriname. Apache posts announcements, operational updates, investor information and copies of all press releases on its website, www.apachecorp.com.Forward-looking statementsThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations and objectives for Apache’s operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See "Risk Factors" in our 2019 Form 10-K and in our quarterly reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") for a discussion of risk factors that affect our business. Any forward-looking statement made by Apache in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Apache undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.Cautionary note to investors  The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable, and possible reserves that meet the SEC's definitions for such terms. Apache may use certain terms in this release, such as "resources," "potential resources," "resource potential," "estimated net reserves," "recoverable reserves," and other similar terms that the SEC guidelines strictly prohibit Apache from including in filings with the SEC. Such terms do not take into account the certainty of resource recovery, which is contingent on exploration success, technical improvements in drilling access, commerciality and other factors, and are therefore not indicative of expected future resource recovery and should not be relied upon. Investors are urged to consider carefully the disclosure in Apache's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2019, available from Apache at www.apachecorp.com or by writing Apache at: 2000 Post Oak Blvd., Suite 100, Houston, TX 77056 (Attn: Corporate Secretary). You can also obtain this report from the SEC by calling 1-800-SEC-0330 or from the SEC's website at www.sec.gov. ContactsInvestor:(281) 302-2286Gary Clark Media: (713) 296-7276 Phil West   Website:www.apachecorp.com  APA-V APA-GA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c0bcbe7-6756-4593-a4d2-9c2d0603f4b8

  • Implied Volatility Surging for Apache (APA) Stock Options
    Zacks

    Implied Volatility Surging for Apache (APA) Stock Options

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

  • Apache Corporation Announces Creation of Holding Company Structure; Holding Company to be Named APA Corporation
    GlobeNewswire

    Apache Corporation Announces Creation of Holding Company Structure; Holding Company to be Named APA Corporation

    HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (“Apache”) (Nasdaq: APA) today announced that its Board of Directors authorized the company to create a holding company structure. Upon its formation, APA Corporation, the new holding company, will replace Apache Corporation as the public company trading on the Nasdaq stock exchange. Existing shares of Apache will be automatically converted, on a one-for-one basis, into shares of common stock of APA Corporation, which will retain the ticker symbol “APA”. The Board and the executive officers of Apache will continue in their same roles at the new company. APA Corporation will acquire the Suriname and Dominican Republic subsidiaries from Apache Corporation. Apache Corporation will become a direct subsidiary of APA Corporation and will continue to hold existing assets in the U.S., subsidiaries in Egypt and the U.K., and its current economic interests in Altus Midstream Company (Nasdaq: ALTM) and Altus Midstream LP.“These steps modernize our operating and legal structure, making it more consistent with other companies that have subsidiaries operating around the globe,” said John J. Christmann IV, Apache’s chief executive officer and president. “A holding company offers advantages in risk management, provides financial and administrative flexibility, and more closely aligns our legal structure with our growing international presence.”The holding company restructure is expected to be completed during the first half of 2021.About ApacheApache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom and exploration activities offshore Suriname. Apache posts announcements, operational updates, investor information and all press releases on its website, www.apachecorp.com. Specific information concerning Suriname, ESG performance and other investor-related topics are posted at investor.apachecorp.com.Forward-looking statementsThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for Apache’s operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See “Risk Factors” in our 2019 Form 10-K, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made by Apache in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Apache undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.Contacts  Investor:(281) 302-2286Gary Clark Media:(713) 296-7276Phil West Website:www.apachecorp.com  APA-G