Considering Apache's $12.88 billion in total assets, the debt-ratio is at 0.69. Local News Apache Corporation reduces workforce by 10-15%. Total was last seen trading down about 0.8% to $38.01, and it has a 52-week range of $22.13 to $56.91. HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (“Apache”) (Nasdaq: APA) today announced that its Board of Directors authorized the company to create a holding company structure. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo. Thursday, November 12, 2015. With the new discovery, BofA’s view is that the new resource scale is a story that is just getting started and a situation in which the Suriname assets are still poorly reflected in Apache’s stock price. Apache Corp. could ... is rumored to be closer to the close of a deal with Shell, but the lack of news as of late could provide an opening for Occidental to … The well is Kwaskwasi-1, and the company encountered at least 912 feet of net liquids pay in two intervals. On Jan. 14, 2021, Apache Corporation and Total S.A. announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. To understand the degree of financial leverage a company has, investors look at the debt ratio. Apache had adjusted earnings per share of −$0.74, and the company noted that it was tracking toward the lower end of its $1 billion to $2 billion capital spending range for 2020. Credit Suisse has only a Neutral rating on Apache, but the firm raised its Suriname net asset value by roughly $3 per share to a new level of $10 per share, based on approximately 2 billion barrels of oil (equivalent) at its locations in Suriname. Apache Corp on Thursday cut its spending forecast for the year and slashed its quarterly dividend by 90% as shale drillers rush to shore up cash amid a crash in oil prices. Results 1 – 8 of 8 Page 1 of 1. 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What time is Prime Minister Boris Johnson's Downing Street press conference today? Home Our Work News Contact Us. Houston-based Apache Corporation is set to spud its first well offshore Suriname by mid-year in Block 58 which sits adjacent to sections of the prolific Stabroek Block where ExxonMobil has found more than 5.5 billion barrels of oil equivalent. Not all that long ago, shares of oil companies were trading as if almost the entire industry was facing bankruptcy. Save Category as RSS Feed. The latest News in the world of VR and AR from Apache. The oil company says they expect to reduce their workforce across the company. What stands out here is that this was its largest to date. Apache Corporation (NYSE: APA) was off to a rough day in the market today, but that didn’t last long. CMCSA: Comcast Corp - Stock Quote and News - CNBC Please try different keywords. Apache Corp. (NYSE: APA) announced after the close on Wednesday, along with earnings, a third consecutive Suriname oil discovery. Total S.A. will also cover most development expenses. Latest News. Stifel was even more aggressive, upgrading its formal rating to Buy from Hold and raising its price target to $18 from $13. Apache Corp. (NYSE: APA) announced after the close on Wednesday, along with earnings, a third consecutive Suriname oil discovery. On April 2, 2020, Apache Corporation and Total S.A. announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom North Sea. TheLayoff.com is a simple discussion board for all of us who would like to learn more about the rumors or possibility of job cuts in our company. By Michael J. de la Merced Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The takeout case for Apache Apache's, (APA) stock popped nicely on the CVX/APC news, as did many shale players, but fell back a bit as the day wore on. Page 1 of 1, Results 1 to 8 I read nothing into that event. Houston-based Apache Corp. is planning a round of layoffs in Midland, Texas. Apache's relentless pursuit of opportunity drives us to discover new resources, capture assets and acreage and build lasting value for our shareholders. The most aggressive post-earnings call came from BofA Securities. JPMorgan has an Overweight rating and an $18 price target. The earnings report shows how dire things were in the second quarter of 2020. The company also has continued to … Apache announced that its Board of Directors authorized the company to create a holding company structure[1]. Anadarko Petroleum Corp. gave truth to the rumors regarding a bid for Apache Corp. with a statement from the company’s chairman, president, and CEO Al Walker. The Apache Corporation agreed to sell its business in the Gulf of Mexico’s shelf for about $3.75 billion to a company owned by the private equity firm Riverstone Holdings. Apache has been approached by an acquirer before; in November 2015, it was disclosed that Anadarko Petroleum (APC) was in preliminary talks to … News; Recruitment; Events; Magazine; eNewsletter; Media Planner; Advertise; Subscribe; Anadarko Confirms Apache Offer. 3rd December 2018 - Hulkbuster Experience at Tokyo Comic Con 2018 . Apache has a 50% working interest in the well, and the other half belongs to French oil giant Total S.A. (NYSE: TOT). cookies to improve your experience and customise advertising. However, there are still major oil discoveries being found, and investors are still willing to reward oil companies on good news. 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