Institutional Investor’s Pro-Apache Corp (NYSE:APA) Sentiment In 2018 Q2

September 30, 2018 - By Lisa Delgado

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Sentiment for Apache Corp (NYSE:APA)

Apache Corp (NYSE:APA) institutional sentiment increased to 1.06 in Q2 2018. Its up 0.22, from 0.84 in 2018Q1. The ratio increased, as 243 funds increased and started new holdings, while 230 sold and trimmed stakes in Apache Corp. The funds in our partner’s database now hold: 349.49 million shares, down from 354.25 million shares in 2018Q1. Also, the number of funds holding Apache Corp in their top 10 holdings increased from 6 to 8 for an increase of 2. Sold All: 44 Reduced: 186 Increased: 173 New Position: 70.

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 $18.23 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 21.29 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.

The stock increased 0.51% or $0.24 during the last trading session, reaching $47.67. About 3.29M shares traded or 15.98% up from the average. Apache Corporation (NYSE:APA) has risen 11.38% since September 30, 2017 and is uptrending. It has underperformed by 4.24% the S&P500.

Analysts await Apache Corporation (NYSE:APA) to report earnings on November, 1. They expect $0.44 earnings per share, up 1,000.00 % or $0.40 from last year’s $0.04 per share. APA’s profit will be $168.29M for 27.09 P/E if the $0.44 EPS becomes a reality. After $0.50 actual earnings per share reported by Apache Corporation for the previous quarter, Wall Street now forecasts -12.00 % negative EPS growth.

Elm Ridge Management Llc holds 6.66% of its portfolio in Apache Corporation for 342,035 shares. Orbis Investment Management (U.S.) Llc owns 145,874 shares or 5.16% of their US portfolio. Moreover, Stuyvesant Capital Management has 4.89% invested in the company for 56,199 shares. The Arizona-based Davis Selected Advisers has invested 4.77% in the stock. Villere St Denis J & Co Llc, a Louisiana-based fund reported 1.54 million shares.

Since January 1, 0001, it had 1 insider purchase, and 2 sales for $161,296 activity.

Apache Corporation (NYSE:APA) Ratings Coverage

Ratings analysis reveals 38% of Apache’s analysts are positive. Out of 8 Wall Street analysts rating Apache, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $41 while the high is $56. The stock’s average target of $51 is 6.99% above today’s ($47.67) share price. APA was included in 10 notes of analysts from April 13, 2018. The company was maintained on Friday, April 13 by RBC Capital Markets. Morgan Stanley maintained it with “Underweight” rating and $41 target in Tuesday, September 4 report. On Monday, April 23 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Apache Corporation (NYSE:APA) earned “Hold” rating by Stifel Nicolaus on Thursday, August 9. The firm has “Buy” rating given on Monday, June 11 by Argus Research. On Friday, September 28 the stock rating was reinitiated by PiperJaffray with “Neutral”.

Apache Corporation (NYSE:APA) Institutional Positions Chart

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