Worth Watching: What’s in Apache Corporation After Today’s Significant Increase?

Worth Watching: What's in Apache Corporation After Today's Significant Increase?

The stock of Apache Corporation (NYSE:APA) is a huge mover today! About 3.94M shares traded hands or 9.44% up from the average. Apache Corporation (NYSE:APA) has risen 5.56% since April 27, 2016 and is uptrending. It has outperformed by 0.33% the S&P500.
The move comes after 9 months positive chart setup for the $24.86B company. It was reported on Nov, 30 by Barchart.com. We have $70.81 PT which if reached, will make NYSE:APA worth $1.74 billion more.

Analysts await Apache Corporation (NYSE:APA) to report earnings on February, 23. They expect $0.14 EPS, up 333.33% or $0.20 from last year’s $-0.06 per share. APA’s profit will be $52.59 million for 118.18 P/E if the $0.14 EPS becomes a reality. After $-0.03 actual EPS reported by Apache Corporation for the previous quarter, Wall Street now forecasts -566.67% EPS growth.

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. Apache Corporation has been the topic of 50 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Equal-Weight” rating on Wednesday, March 23 by Capital One. The rating was downgraded by Argus Research to “Hold” on Tuesday, December 15. The rating was downgraded by Zacks on Monday, August 10 to “Buy”. The stock of Apache Corporation (NYSE:APA) has “Outperform” rating given on Friday, November 6 by RBC Capital Markets. The company was maintained on Thursday, April 7 by Citigroup. The firm has “Equal-Weight” rating given on Thursday, September 1 by Barclays Capital. The firm has “Neutral” rating given on Friday, August 5 by UBS. The stock of Apache Corporation (NYSE:APA) has “Buy” rating given on Monday, September 14 by Citigroup. The stock has “Underperform” rating given by Bank of America on Tuesday, January 5. Barclays Capital maintained Apache Corporation (NYSE:APA) on Tuesday, September 13 with “Equal-Weight” rating.

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 increased to 0.95 in Q2 2016. Its up 0.07, from 0.88 in 2016Q1. The ratio increased, 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.
Silvercrest Asset Limited Liability Company accumulated 58,028 shares or 0.04% of the stock. Ftb Advisors owns 868 shares or 0.01% of their US portfolio. Massmutual Tru Fsb Adv has invested 0% of its portfolio in Apache Corporation (NYSE:APA). Exxonmobil Investment Tx last reported 0.12% of its portfolio in the stock. Hartford Fincl Management has invested 0.29% of its portfolio in Apache Corporation (NYSE:APA). Taube Hodson Stonex Llp holds 1.88% of its portfolio in Apache Corporation (NYSE:APA) for 164,556 shares. Capstone Asset Mgmt Communications last reported 0.04% of its portfolio in the stock. Acadian Asset Management Limited Liability, a Massachusetts-based fund reported 5,313 shares. Fcm Investments Tx accumulated 1,200 shares or 0.04% of the stock. Artisan Prns Partnership, a Wisconsin-based fund reported 4.92M shares. Blackrock has invested 0.09% of its portfolio in Apache Corporation (NYSE:APA). Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma has invested 0.01% of its portfolio in Apache Corporation (NYSE:APA). Victory Cap Mgmt Incorporated holds 4,832 shares or 0% of its portfolio. Royal Comml Bank Of Canada owns 516,181 shares or 0.02% of their US portfolio. Jolley Asset Mgmt Ltd Liability holds 50 shares or 0% of its portfolio.

Insider Transactions: Since September 22, 2016, the stock had 2 insider buys, and 2 selling transactions for $281,666 net activity. LOWE JOHN E had bought 2,132 shares worth $122,908 on Monday, November 7. Another trade for 3,356 shares valued at $204,521 was made by Hoyt Rebecca A on Thursday, September 22. Another trade for 8,000 shares valued at $507,000 was sold by House James L. Joung Chansoo had bought 15,000 shares worth $870,279.

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.

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