Apache Corporation Posts Surprisingly Strong Q3 Results Despite Harvey Delays
In the hit Netflix series Stranger Things, we're introduced to the "upside-down," a bizarre sort of alternate universe. Lately, it seems like Apache Corporation (NYSE: APA) is living in the upside-down, because its stock goes down when it meets its goals, and despite giving a recent update that unnerved investors and sent shares tumbling, it still managed to turn in a respectable quarter, in which it returned to profitability after a dismal Q2 2017. Here's what the quarter ended up looking like.
Data source: Apache Corporation Q3 earnings release. BOE/d = barrels of oil equivalent per day.
Those raw numbers don't look so great, particularly the lower production and less cash from operations. But there are some great big asterisks to attach to those figures.
Source: Fool.com
APA Corporation Stock
Currently there is a rather positive sentiment for APA Corporation with 23 Buy predictions and 7 Sell predictions.
As a result the target price of 46 € shows a very positive potential of 59.94% compared to the current price of 28.76 € for APA Corporation.
