Apache Corp.

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APA : NYSE : Energy Minerals
$38.11 up 0.01 | 0.03%
Today's Range: 37.42 - 38.74
Avg. Daily Volume: 3603200.0
02/16/18 - 4:02 PM ET

Financial Analysis

APACHE CORP's gross profit margin for the third quarter of its fiscal year 2017 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. APACHE CORP has average liquidity. Currently, the Quick Ratio is 1.25 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 8.37% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q3 FY17 Q3 FY16
Net Sales ($mil)1279.01439.0
EBITDA ($mil)667.0493.0
EBIT ($mil)-82.0-309.0
Net Income ($mil)63.0-607.0

Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)1942.01230.0
Total Assets ($mil)21835.023149.0
Total Debt ($mil)8483.08722.0
Equity ($mil)7011.06469.0

Profitability Q3 FY17 Q3 FY16
Gross Profit Margin65.3644.61
EBITDA Margin52.1534.25
Operating Margin-6.41-21.47
Sales Turnover0.260.22
Return on Assets3.05-22.62
Return on Equity9.49-90.15
Debt Q3 FY17 Q3 FY16
Current Ratio1.532.01
Interest Expense116.0118.0
Interest Coverage-0.71-2.62

Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)380.94379.43
Div / share0.250.25
Book value / share18.417.05
Institutional Own % n/a n/a
Avg Daily Volume3732991.03448285.0


HOLD. The current P/E ratio indicates a significant discount compared to an average of 274.94 for the Oil, Gas & Consumable Fuels industry and a discount compared to the S&P 500 average of 25.51. To use another comparison, its price-to-book ratio of 2.07 indicates a discount versus the S&P 500 average of 3.26 and a significant discount versus the industry average of 5.16. The price-to-sales ratio is above the S&P 500 average and well above the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, APACHE CORP proves to trade at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
APA 21.90 Peers 274.94   APA 5.67 Peers 8.95

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

APA is trading at a significant discount to its peers.


Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

APA is trading at a significant discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
APA 37.24 Peers 46.08   APA NM Peers 0.60

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

APA is trading at a significant premium to its peers.


Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

APA's negative PEG ratio makes this valuation measure meaningless.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
APA 2.07 Peers 5.16   APA 111.28 Peers 488.23

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

APA is trading at a significant discount to its peers.


Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, APA is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
APA 2.58 Peers 2.06   APA 9.03 Peers 30.08

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

APA is trading at a premium to its industry on this measurement.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

APA significantly trails its peers on the basis of sales growth



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