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Apache (APA)

APA Corporation, through its consolidated subsidiaries, explores for and produces oil and gas with operations in the United States, Egypt and the United Kingdom and exploration activities offshore Suriname.

Company profile

Ticker
APA
Exchange
NASDAQ
Website
apacorp.com
CEO
John Christmann
Employees
Incorporated
Delaware
Location
Texas
Fiscal year end
Dec 31
Sector
Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction
Industry (SIC)
Crude Petroleum & Natural Gas
Petroleo Brasileiro S.A. Petrobras • Occidental Petroleum • Anadarko Petroleum • Chesapeake Energy • Devon Energy • Marathon Oil • EOG Resources • Pressburg • Ovintiv • Murphy Oil ...
Former names
APACHE OIL CORP
SEC CIK
0000006769
Corporate docs
Subsidiaries
Alta Vista Oil Corporation • *Altus Midstream Company • *Altus Midstream GP LLC • Apache Alaska Corporation • Apache Crude Oil Marketing, Inc. • Apache Deepwater LLC • Apache Dominican Republic Corporation LDC • Apache Fertilizer Holdings II Corporation LDC • Apache Finance Louisiana Corporation • Apache Finance Pty Limited ...
IRS number
410747868

APA stock data

News

From Benzinga Pro
5 Value Stocks In The Energy Sector
11 Aug 22
What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Susquehanna Maintains Positive on APA, Lowers Price Target to $49
5 Aug 22
Susquehanna analyst Biju Perincheril maintains APA (NASDAQ:APA) with a Positive and lowers the price target from $52 to $49.
Clorox, Crocs And Some Other Big Stocks Moving Lower On Thursday
4 Aug 22
AMTD Digital Inc. (NYSE: HKD) dipped 43.6% to $620.00 on possible profit taking after the stock surged over the last few trading days.
Recap: APA Q2 Earnings
3 Aug 22
Earnings Scheduled For August 3, 2022
3 Aug 22

Press releases

From Benzinga Pro
APA Corporation Announces Second-Quarter 2022 Financial and Operational Results
3 Aug 22
HOUSTON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced second-quarter 2022 financial and operational results. Results can be found on the company's website by visiting www.apacorp.com
EnerCom Denver - The Energy Investment Conference August 7-10, 2022 puts Spotlight on Oil and Gas Companies from US, Canada, South America and Africa
2 Aug 22
Lunch Keynote Presentations Feature BPX Energy, Vivek Ramaswamy with Strive Wealth Management and Petrie Partners Panels include discussions on Capital Allocation, Responsibly Sourced Gas, Private Capital, Carbon
APA Corporation Publishes 2022 Sustainability Report
26 Jul 22
HOUSTON, July 26, 2022 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today published its 2022 Sustainability Report, highlighting the achievement of numerous Environment, Social and Governance (ESG) goals throughout
EnerCom Announces Keynote Speakers and Panel Topics for EnerCom Denver - The Energy Investment Conference Hosted in Denver, August 7-10, 2022
20 Jul 22
APA Corporation Provides Second-Quarter 2022 Supplemental Information and Schedules Results Conference Call for August 4 at 10 a.m. Central Time
18 Jul 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$52.40
Low target
$41.00
High target
$63.00
Piper Sandler
Maintains
Neutral
$47.00
22 Jul 22
B of A Securities
Maintains
Buy
$63.00
19 Jul 22
Mizuho
Maintains
Buy
$56.00
19 Jul 22
Barclays
Maintains
Overweight
$55.00
13 Jul 22
Goldman Sachs
Maintains
Neutral
$41.00
6 Jul 22

Calendar

4 Aug 22
12 Aug 22
31 Dec 22

Financial summary

Financial statements Chart APA financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 228M 228M 228M 228M 228M 228M
Cash burn (monthly) (no burn) 66.17M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 96.38M n/a n/a n/a n/a
Cash remaining n/a 131.62M n/a n/a n/a n/a
Runway (months of cash) n/a 2.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from Apache earnings reports.

Recent insider trades

APA insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 22 Apache Class A Common Stock Sell Dispose S Yes No 58 4,000,000 232M 8,865,651
11 Jan 22 Apache Class A Common Stock Conversion Acquire C Yes No 0 12,500,000 0 12,865,651
11 Jan 22 Apache Class C Common Stock Class A Common Stock Conversion Dispose C Yes No 0 12,500,000 0 0
22 Feb 21 Montgomery William C Phantom Stock Units Common Stock Other Acquire J No No 19.08 69 1.32K 53,169
22 Feb 21 Rabun Daniel Wayne Phantom Stock Units Common Stock Other Acquire J No No 19.08 63 1.2K 49,368
22 Feb 21 Bay Annell R Phantom Stock Units Common Stock Other Acquire J No No 19.08 67 1.28K 52,535
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

APA institutional ownership history Ownership history
0.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 5 5 –
Opened positions 1 0 NEW
Closed positions 1 5 -80.0%
Increased positions 3 2 +50.0%
Reduced positions 0 1 EXIT
13F shares Current Prev Q Change
Total value 11.83M 6.16M +92.0%
Total shares 277.64K 219.46K +26.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Hoertkorn Richard Charles 195.25K $8.07M +1.3%
Wittenberg Investment Management 60K $2.48M NEW
Cibc World Markets 22.09K $913K +70.6%
Sofos Investments 246 $367K +51.9%
Kelly Lawrence W & Associates 60 $2K 0.0%
Largest transactions Shares Bought/sold Change
Wittenberg Investment Management 60K +60K NEW
Shapiro Capital Management 0 -13.5K EXIT
Cibc World Markets 22.09K +9.14K +70.6%
Hoertkorn Richard Charles 195.25K +2.47K +1.3%
Sofos Investments 246 +84 +51.9%
Kelly Lawrence W & Associates 60 0 0.0%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Warrior Energy Services

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: Assent, Chancellor, Continental, delineation, dismissed, enacted, enactment, levy, mixed, pause, prejudice, prompting, remeasurement, repaid, repurchase, Royal, split
Removed: added, BB, BBB, Bigie, certified, covenant, flat, Henry, implied, Lee, onshore, platform, Poor, rating, Rhea, selected, significantly, substantially, uplift
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
4 Aug 22
10-Q
2022 Q1
Quarterly report
4 May 22
10-K
2021 FY
Annual report
22 Feb 22
10-Q
2021 Q3
Quarterly report
4 Nov 21
10-Q
2021 Q2
Quarterly report
5 Aug 21
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
30 Jul 20
10-Q
2020 Q1
Quarterly report
7 May 20
Current reports
View all
8-K
Entry into a Material Definitive Agreement
2 May 22
8-K
Apache Corporation Commences Cash Tender Offer for Any and All of Certain of Its Outstanding Notes for Up to $500 Million Aggregate Principal Amount
14 Mar 22
8-K
Apache Corporation Commences Cash Tender Offer for Any and All of Certain of Its Outstanding Notes for Up to $1.5 Billion Aggregate Principal Amount
9 Aug 21
8-K
Amendments to Articles of Incorporation or Bylaws
14 Jun 21
8-K
Entry into a Material Definitive Agreement
1 Mar 21
8-K
Apache Corporation Announces Fourth-Quarter and Full-Year 2020
25 Feb 21
8-K
Departure of Directors or Certain Officers
9 Feb 21
8-K
Apache Corporation Announces Creation of
4 Jan 21
8-K
Apache Corporation Announces Third-Quarter 2020
5 Nov 20
8-K
Other Events
21 Aug 20
Registration and prospectus
View all
15-15D
Suspension of duty to report
19 Mar 21
15-12B
Securities registration termination
19 Mar 21
25-NSE
Exchange delisting
4 Mar 21
POSASR
Automatic shelf registration (post-effective amendment)
1 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 21
Proxies
View all
DEFA14A
Additional proxy soliciting materials
27 Apr 20
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEF 14A
Definitive proxy
3 Apr 20
DEFA14A
Additional proxy soliciting materials
9 Apr 19
DEF 14A
Definitive proxy
9 Apr 19
DEFA14A
Additional proxy soliciting materials
15 May 18
DEFA14A
Additional proxy soliciting materials
10 May 18
DEFA14A
Additional proxy soliciting materials
8 May 18
DEF 14A
Definitive proxy
8 Apr 18
Other
View all
UPLOAD
Letter from SEC
27 May 19
CORRESP
Correspondence with SEC
20 May 19
UPLOAD
Letter from SEC
7 May 19
UPLOAD
Letter from SEC
10 Oct 16
CORRESP
Correspondence with SEC
4 Oct 16
UPLOAD
Letter from SEC
21 Sep 16
UPLOAD
Letter from SEC
4 Oct 15
CORRESP
Correspondence with SEC
24 Sep 15
UPLOAD
Letter from SEC
10 Sep 15
CORRESP
Correspondence with SEC
27 Jul 15
Ownership
View all
4
Change in insider ownership
15 Mar 22
4
Change in insider ownership
13 Jan 22
SC 13D/A
Altus Midstream / APACHE ownership change
10 Nov 21
4
APACHE / William C Montgomery ownership change
23 Feb 21
4
APACHE / Daniel Wayne Rabun ownership change
23 Feb 21
4
APACHE / Annell R Bay ownership change
23 Feb 21
4
APACHE / Amy H Nelson ownership change
23 Feb 21
4
APACHE / JOHN J CHRISTMANN ownership change
23 Feb 21
4
APACHE / Peter A Ragauss ownership change
23 Feb 21
4
APACHE / RENE R JOYCE ownership change
23 Feb 21

Patents

Utility
Methods for statistical prediction of well production and reserves
21 Oct 19
A method for optimizing a well production forecast includes inputting into a computer: initial production rate measurements and probability distributions to estimate production forecast model parameters.
Utility
Natural gas liquids recovery from pressure swing adsorption and vacuum swing adsorption
14 Oct 19
Methods and systems for continuous pressure swing adsorption separation of a pressurized feed gas stream, the method including separating hydrocarbons heavier than methane from the pressurized feed gas stream to produce at least two product streams, a first product stream being substantially pure methane, and a second product stream being substantially comprised of components with a greater molecular weight than methane.

Transcripts

View all
2022 Q2
Earnings call transcript
4 Aug 22
2022 Q1
Earnings call transcript
5 May 22
2021 Q4
Earnings call transcript
22 Feb 22
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
5 Aug 21
2021 Q1
Earnings call transcript
6 May 21
2020 Q4
Earnings call transcript
25 Feb 21
2020 Q3
Earnings call transcript
5 Nov 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
7 May 20

Reddit threads

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