Apache Corporation Draws Bearish Options Activity Today

 Apache Corporation Draws Bearish Options Activity Today

In today’s session Apache Corporation (APA) recorded an unusually high (800) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious APA decrease. With 800 contracts traded and 494 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: APA161216P00062500 closed last at: $5.6 or 13.8% down. About 695,037 shares traded hands. Apache Corporation (NYSE:APA) has risen 16.76% since April 11, 2016 and is uptrending. It has outperformed by 10.61% the S&P500.

Apache Corporation (NYSE:APA) Ratings Coverage

Out of 20 analysts covering Apache Corporation (NYSE:APA), 6 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 30% are positive. $72 is the highest target while $31 is the lowest. The $54.42 average target is -5.46% below today’s ($57.56) stock price. Apache Corporation has been the topic of 50 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Wednesday, December 9. The rating was upgraded by Wells Fargo to “Outperform” on Friday, April 8. The stock has “Sector Perform” rating given by iBERIA Capital Partners on Thursday, May 26. Credit Suisse maintained Apache Corporation (NYSE:APA) rating on Thursday, November 12. Credit Suisse has “Neutral” rating and $56 price target. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, September 1 report. The firm has “Outperform” rating given on Friday, November 6 by RBC Capital Markets. The stock of Apache Corporation (NYSE:APA) earned “Neutral” rating by UBS on Friday, August 5. The company was upgraded on Tuesday, September 29 by Simmons & Co. The stock of Apache Corporation (NYSE:APA) earned “Sector Perform” rating by RBC Capital Markets on Friday, May 6. On Monday, September 26 the stock rating was initiated by Mitsubishi UFG with “Neutral”.

According to Zacks Investment Research, “Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. In North America, Apache’s exploration and production interests are focused on the Gulf of Mexico, the Anadarko Basin, the Permian Basin, the Gulf Coast and the Western Sedimentary Basin of Canada. Outside of North America, Apache has exploration and production interests offshore Western Australia and in Egypt, and exploration interests in Poland and offshore The People’s Republic of China.”

Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 0.01, from 0.89 in 2016Q1. The ratio worsened, as 41 funds sold all Apache Corporation shares owned while 258 reduced positions. 67 funds bought stakes while 196 increased positions. They now own 328.59 million shares or 6.46% less from 351.30 million shares in 2016Q1.
Rand Wealth Ltd has 5,690 shares for 0.04% of their US portfolio. Tcw Group reported 33,025 shares or 0.01% of all its holdings. Louisiana State Employees Retirement System holds 0.07% of its portfolio in Apache Corporation (NYSE:APA) for 24,800 shares. Lourd Capital Ltd Liability Corp holds 0.61% of its portfolio in Apache Corporation (NYSE:APA) for 38,862 shares. State Board Of Administration Of Florida Retirement System has invested 0.1% of its portfolio in Apache Corporation (NYSE:APA). Halsey Assocs Inc Ct has 4,350 shares for 0.05% of their US portfolio. Gateway Invest Advisers Limited Liability Com holds 0.02% or 34,214 shares in its portfolio. Bessemer Group Inc Inc Inc accumulated 0% or 2,200 shares. New Jersey Better Educational Savings Trust last reported 0.52% of its portfolio in the stock. Van Eck Associate owns 48,219 shares or 0.01% of their US portfolio. Susquehanna Grp Limited Liability Partnership last reported 12,296 shares in the company. Seizert Cap Prtn Limited, a Michigan-based fund reported 5,267 shares. Patten Group holds 17,495 shares or 0% of its portfolio. Gam Hldgs Ag has 157,482 shares for 0.14% of their US portfolio. Proshare Advsrs accumulated 66,745 shares or 0.05% of the stock.

Insider Transactions: Since September 22, 2016, the stock had 2 insider buys, and 1 sale for $788,666 net activity. Another trade for 15,000 shares valued at $870,279 was bought by Joung Chansoo. $204,521 worth of shares were sold by Hoyt Rebecca A on Thursday, September 22. $122,908 worth of shares were bought by LOWE JOHN E on Monday, November 7.

Apache Corporation is an independent energy company. The company has a market cap of $21.95 billion. Both domestically and internationally, the Company explores for, develops and produces crude oil, natural gas and natural gas liquids. It currently has negative earnings. The Firm has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea).

APA Company Profile

Apache Corporation (Apache), incorporated on December 6, 1954, is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces crude oil, natural gas and natural gas liquids. The Firm has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea). Apache also pursues exploration interests in other countries.

More important recent Apache Corporation (NYSE:APA) news were published by: Forbes.com which released: “Apache Corp.: Going The Extra Mile With The Alpine High” on October 17, 2016, also Prnewswire.com published article titled: “Apache Corporation To Release Third-Quarter 2016 Results Nov. 3”, Finance.Yahoo.com published: “Apache Corporation Releases Third-Quarter 2016 Financial And Operational Results” on November 03, 2016. More interesting news about Apache Corporation (NYSE:APA) was released by: Seekingalpha.com and their article: “Apache Corporation – Huge Potential For This American Oil Producer” with publication date: October 24, 2016.

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