Apache Corporation (NYSE:APA)’s Stock Is Buy After Less Market Selling

May 16, 2018 - By Darrin Black

Apache Corporation (NYSE:APA) Logo

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.18, from 1.05 in 2017Q3. It fall, as 61 investors sold Apache Corporation shares while 238 reduced holdings. 78 funds opened positions while 183 raised stakes. 340.75 million shares or 2.35% less from 348.95 million shares in 2017Q3 were reported.
Hl Services Llc owns 18,152 shares for 0.01% of their portfolio. Bluecrest Cap Mgmt Ltd invested in 26,188 shares. Moreover, First Midwest Bank & Trust Division has 0.14% invested in Apache Corporation (NYSE:APA). Sumitomo Life Insur owns 24,041 shares or 0.13% of their US portfolio. Engineers Gate Manager L P reported 10,642 shares. 25,539 are held by Inv Counselors Of Maryland Limited Liability. Envestnet Asset Management has 0.01% invested in Apache Corporation (NYSE:APA). Brown Advisory Incorporated has invested 0.01% in Apache Corporation (NYSE:APA). Carroll Financial Assocs owns 28 shares for 0% of their portfolio. Mufg Americas Hldgs, New York-based fund reported 300 shares. Messner Smith Theme Value Investment Mngmt Ltd Ca reported 38,666 shares stake. Crawford Counsel invested in 0.01% or 5,056 shares. Wealthfront reported 0.01% in Apache Corporation (NYSE:APA). First Washington Corporation owns 160 shares for 0% of their portfolio. Northern Cap Mgmt Limited Com owns 49,755 shares.

Since December 13, 2017, it had 2 buys, and 0 sales for $204,572 activity.

The stock of Apache Corporation (NYSE:APA) registered a decrease of 7.69% in short interest. APA’s total short interest was 29.13M shares in May as published by FINRA. Its down 7.69% from 31.55M shares, reported previously. With 4.24 million shares average volume, it will take short sellers 7 days to cover their APA’s short positions. The short interest to Apache Corporation’s float is 7.66%.

The stock increased 0.16% or $0.07 during the last trading session, reaching $42.59. About 1.00M shares traded. Apache Corporation (NYSE:APA) has declined 24.62% since May 16, 2017 and is downtrending. It has underperformed by 36.17% the S&P500.

Apache Corporation, an independent energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids. The company has market cap of $16.28 billion. It operates onshore and offshore assets primarily in the Permian Basin, the Midcontinent/Gulf Coast, Canada, and the Gulf of Mexico, as well as Egypt and the North Sea, the United Kingdom. It has a 12.49 P/E ratio. As of December 31, 2016, it had total estimated proved reserves of 642 million barrels of crude oil, 192 million barrels of natural gas liquids, and 2.9 trillion cubic feet of natural gas.

Apache Corporation (NYSE:APA) Ratings Coverage

Among 11 analysts covering Apache (NYSE:APA), 2 have Buy rating, 3 Sell and 6 Hold. Therefore 18% are positive. Apache had 19 analyst reports since November 20, 2017 according to SRatingsIntel. The rating was maintained by Jefferies with “Sell” on Tuesday, January 30. The rating was maintained by Stifel Nicolaus on Monday, January 29 with “Hold”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, January 24 report. The firm earned “Sell” rating on Monday, March 19 by Jefferies. The firm has “Overweight” rating given on Tuesday, February 27 by Mitsubishi UFJ. The company was maintained on Friday, February 23 by Credit Suisse. The stock of Apache Corporation (NYSE:APA) earned “Buy” rating by MUFG Securities Americas Inc on Monday, February 26. The company was maintained on Friday, February 23 by Stifel Nicolaus. RBC Capital Markets maintained Apache Corporation (NYSE:APA) rating on Wednesday, December 20. RBC Capital Markets has “Hold” rating and $51.0 target. On Wednesday, March 28 the stock rating was maintained by Stifel Nicolaus with “Hold”.

More important recent Apache Corporation (NYSE:APA) news were published by: Seekingalpha.com which released: “Apache – It Will Pay To Be Patient” on May 08, 2018, also Globenewswire.com published article titled: “Apache Corporation Announces First-Quarter Financial and Operational Results”, Gurufocus.com published: “US Stocks Inch Up Wednesday” on May 16, 2018. More interesting news about Apache Corporation (NYSE:APA) was released by: Bizjournals.com and their article: “Apache joins Noble Energy in anchoring new Permian-to-Corpus Christi pipeline” with publication date: May 14, 2018.

Apache Corporation (NYSE:APA) Institutional Positions Chart

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