The Real Story Behind Apache Corporation's Disappointing Q2 2017 Earnings
It's never fun when you do what you say you're going to do and get criticized anyway. That's probably how John Christmann III, CEO of oil and gas industry player Apache Corporation (NYSE: APA), feels after the stock market beat down Apache's shares more than 8% on Thursday, after the company reported an adjusted second-quarter loss of $0.21 per share and lowered its production guidance for this year and next.
But despite how bad it may seem, there were some bright spots in Apache's report, and with the stock now trading near its 10-year lows, a strong case can be made for buying in at these prices.
Oil driller Apache has been making infrastructure improvements at its Alpine High field and in the North Sea, in the hopes of outperforming in future quarters. Image source: Getty Images.
Source: Fool.com
APA Corporation Aktie
Leichtes Buy-Übergewicht bei der APA Corporation Aktie mit 23 zu 8 Einschätzungen.
Eine deutliche Steigerung um mehr als 50% ist für APA Corporation mit einem Kursziel von 46 € gegenüber 25.94 € zu erwarten.
