Short Interest Don’t Lie: Apache Corporation (NYSE:APA) Shorted Shares Decreased By 10.41%

November 24, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Don't Lie: Apache Corporation (NYSE:APA) Shorted Shares Decreased By 10.41%

The stock of Apache Corporation (NYSE:APA) registered a decrease of 10.41% in short interest. APA’s total short interest was 20.35 million shares in November as published by FINRA. Its down 10.41% from 22.71 million shares, reported previously. With 3.16M shares average volume, it will take short sellers 6 days to cover their APA’s short positions. The short interest to Apache Corporation’s float is 5.37%. The stock increased 1.89% or $1.18 on November 23, hitting $63.65. About 2.34M shares traded hands. Apache Corporation (NYSE:APA) has risen 13.26% since April 22, 2016 and is uptrending. It has outperformed by 7.85% the S&P500.

Apache Corporation is an independent energy company. The company has a market cap of $23.85 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).

Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q2. Its up 0.07, from 0.88 in 2016Q1. The ratio improved, 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.
Tru Of Vermont has 18,730 shares for 0.14% of their US portfolio. Retirement Sys Of Alabama, a Alabama-based fund reported 273,838 shares. Pension has 0.13% invested in the company for 267,758 shares. Wheatland Advisors accumulated 8,104 shares or 0.43% of the stock. Amica Mutual Ins Company accumulated 0.11% or 20,018 shares. Geode Cap Management Limited Co owns 3.03M shares or 0.09% of their US portfolio. The Illinois-based Cna Financial Corp has invested 0.66% in Apache Corporation (NYSE:APA). Quantum Cap Mgmt holds 0.05% of its portfolio in Apache Corporation (NYSE:APA) for 5,770 shares. Kcg Holdg Inc last reported 19,862 shares in the company. Trillium Asset Ltd Limited Liability Company has 0.51% invested in the company for 139,473 shares. Copeland Capital Management Limited Com has 0.03% invested in the company for 6,666 shares. New York State Common Retirement Fund reported 1.36 million shares or 0.11% of all its holdings. Dynamic Management holds 0.31% or 47,646 shares in its portfolio. Mitchell Mcleod Pugh & Williams last reported 0.19% of its portfolio in the stock. Van Den Berg I has 314,406 shares for 2.25% of their US portfolio.

Insider Transactions: Since September 22, 2016, the stock had 2 buys, and 1 insider sale for $788,666 net activity. Joung Chansoo had bought 15,000 shares worth $870,279 on Wednesday, November 9. 3,356 shares were sold by Hoyt Rebecca A, worth $204,521 on Thursday, September 22. LOWE JOHN E bought $122,908 worth of Apache Corporation (NYSE:APA) on Monday, November 7.

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 Friday, August 5 by Barclays Capital. The stock of Apache Corporation (NYSE:APA) earned “Hold” rating by Argus Research on Tuesday, December 15. The stock of Apache Corporation (NYSE:APA) has “Outperform” rating given on Monday, May 16 by Howard Weil. The stock of Apache Corporation (NYSE:APA) earned “Outperform” rating by Bernstein on Thursday, March 10. The firm has “Buy” rating by Citigroup given on Thursday, April 7. The stock of Apache Corporation (NYSE:APA) has “Overweight” rating given on Tuesday, September 29 by Simmons & Co. The stock of Apache Corporation (NYSE:APA) earned “Neutral” rating by Credit Suisse on Wednesday, July 22. The stock of Apache Corporation (NYSE:APA) has “Neutral” rating given on Monday, September 26 by Mitsubishi UFG. The firm has “Outperform” rating by RBC Capital Markets given on Friday, November 6. The rating was maintained by RBC Capital Markets on Friday, May 6 with “Sector Perform”.

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.

Another recent and important Apache Corporation (NYSE:APA) news was published by Moodys.com which published an article titled: “Moody’s changes Apache’s rating outlook to stable” on November 11, 2016.

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