Topic: Growth Stocks

APACHE CORP. $72 – New York symbol APA

APACHE CORP. $72 (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 376.8 million; Market cap: $27.1 billion; Price-to-sales ratio: 1.9; Dividend yield: 1.4%; TSINetwork Rating: Average; www.apachecorp.com) is selling some of its less important oil and gas properties in Texas and Oklahoma.

It will receive $1.4 billion when it completes the sale by the end of 2014. To put that in context, Apache earned $528 million, or $1.38 a share, in the three months ended September 30, 2014.

The company will probably invest the cash in its more promising shale oil properties in the U.S. Apache is a hold.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.