Will Apache Earnings Finally Meet Expectations?
The last three quarters have been misses for Apache , so investors will have their eyes and ears open on Thursday when the company releases its fourth-quarter 2012 results. Over the last few years, shareholders have seen the value of their investment in Apache erode as the company has heavily concentrated its efforts on acquisitions. The majority of these have yet to bear fruit, but that could be set to change.
As a result, the company is trading at a steep discount to peers like EOG Resources and Anadarko Petroleum . With very little to be overly excited about from the last quarter, Fool energy analyst Taylor Muckerman doesn't expect anything better than Apache meeting expectations. As for the long term? Tune into the video below.
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The article Will Apache Earnings Finally Meet Expectations? originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Chevron. The Motley Fool owns shares of Apache. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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