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Apache (APA) Earnings Preview For Thursday

Background: Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache shares trade an average of 2,570,000 shares per day and has a marketcap of $32 billion.

Apache is forecast to report WEAK third-quarter earnings before the market opens on November 1, 2012.

The consensus estimate is currently $2.26 a share, falling 69 cents (23.4%) from $2.95 during the same period last year. Analysts are estimating as low as $2.03 per share, up to the most optimistic estimate of $2.81 per share.

25 analysts rate Apache a buy or strong buy out of 31 analysts. The company has 6 holds, and none of the analysts give a sell rating. Investors haven't made progress this year. Shares in the company have fallen 10% from a year ago. The average analyst target price for Apache is $114.54.

  (APA) (APC) (BP) (XOM)
Strong Buy 13 16 4 5
Moderate Buy Buy 12 11 6 6
Hold 6 5 4 13
Moderate Sell Ratings 0 0 0 0
Strong Sell Ratings 0 0 0 0
Avg Analyst Price Target $114.54 $100.35 $50.81 $93.88
Operating Margin 25.59 12.00 4.84 7.54
Ouick Ratio 0.76 1.43 0.90 0.82
Revenue 16.87 billion 13.73 billion 336.93 billion 458.85 billion
Est Low EPS 2.03 0.61 1.23 1.79
Est High EPS 2.81 1.09 1.39 2.09
1 Year Stock Price Change -21.13% -20.53% -8.20% 10.98%

Robert Weinstein Google+ 

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Stock Tickers: APA APC BP XOM Author Disclosure: NA
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