January 11, 2017 - By Richard Conner · 0 Comments
Apache Corp (NYSE:APA) institutional sentiment increased to 0.95 in 2016 Q3. Its up 0.07, from 0.88 in 2016Q2. The ratio is more positive, as 301 funds opened new and increased holdings, while 318 sold and decreased stock positions in Apache Corp. The funds in our partner’s database now hold: 331.75 million shares, up from 328.59 million shares in 2016Q2. Also, the number of funds holding Apache Corp in their top 10 holdings increased from 9 to 13 for an increase of 4. Sold All: 57 Reduced: 261 Increased: 200 New Position: 101.
Apache Corporation is an independent energy company. The company has a market cap of $24.25 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).
About 1.27M shares traded hands. Apache Corporation (NYSE:APA) has risen 8.01% since June 7, 2016 and is uptrending. It has outperformed by 0.58% the S&P500.
Analysts await Apache Corporation (NYSE:APA) to report earnings on February, 23. They expect $0.14 earnings per share, up 333.33% or $0.20 from last year’s $-0.06 per share. APA’s profit will be $53.56M for 113.23 P/E if the $0.14 EPS becomes a reality. After $-0.03 actual earnings per share reported by Apache Corporation for the previous quarter, Wall Street now forecasts -566.67% EPS growth.
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.”
Edinburgh Partners Ltd holds 14.19% of its portfolio in Apache Corporation for 1.19 million shares. Peconic Partners Llc owns 699,200 shares or 5.65% of their US portfolio. Moreover, Davis Selected Advisers has 5.48% invested in the company for 19.68 million shares. The New York-based Elm Ridge Management Llc has invested 5.15% in the stock. Villere St Denis J & Co Llc, a Louisiana-based fund reported 1.15 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 2 selling transactions for $281,666 net activity.
Ratings analysis reveals 25% of Apache Corporation’s analysts are positive. Out of 20 Wall Street analysts rating Apache Corporation, 5 give it “Buy”, 1 “Sell” rating, while 14 recommend “Hold”. The lowest target is $31 while the high is $72. The stock’s average target of $54.42 is -14.16% below today’s ($63.4) share price. APA was included in 51 notes of analysts from July 21, 2015. Citigroup maintained Apache Corporation (NYSE:APA) rating on Friday, September 9. Citigroup has “Neutral” rating and $58 price target. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, September 4 report. On Wednesday, December 9 the stock rating was initiated by JP Morgan with “Neutral”. The firm has “Hold” rating by Argus Research given on Tuesday, December 15. The rating was downgraded by Bank of America to “Underperform” on Tuesday, January 5. The firm has “Neutral” rating by Credit Suisse given on Thursday, November 12. RBC Capital Markets reinitiated the stock with “Sector Perform” rating in Friday, March 18 report. The stock of Apache Corporation (NYSE:APA) has “Outperform” rating given on Thursday, March 10 by Bernstein. The stock has “Overweight” rating given by Simmons & Co on Tuesday, September 29. The rating was downgraded by Barclays Capital on Friday, August 5 to “Equal-Weight”.
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: Seekingalpha.com which released: “Apache Corporation – American Oil With Strong 2017 Potential” on January 11, 2017, also Fool.com published article titled: “Apache Corporation’s Best Business Segment in 2016”, Seekingalpha.com published: “Apache Corporation – An Attractive Investment Opportunity” on December 21, 2016. More interesting news about Apache Corporation (NYSE:APA) was released by: Seekingalpha.com and their article: “Apache Corp.: 4 Reasons It Will Rally In 2017” with publication date: December 22, 2016.
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By Richard Conner