Insider Move to Note: Is Apache Corporation (NYSE:APA) Stock a Sell after James House’s Insider Deal?

November 28, 2016 - By Ellis Scott

Insider Move to Note: Is Apache Corporation (NYSE:APA) Stock a Sell after James House's Insider Deal?

James House Insider Sell

Not a long ago, the Sr. Region Vice President of Apache Corp, Mr. James House, made a sale of number of shares – 8,000, totalling $507,000 U.S. Dollars, based on an average weighted cost of $63.4 for a share. James House today has rights to 0.00% of the company’s market cap with ownership of 16,120 shares. 

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. $72 is the highest target while $31 is the lowest. The $54.42 average target is -12.83% below today’s ($62.43) stock price. 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 Thursday, September 1 by Barclays Capital. Credit Suisse initiated Apache Corporation (NYSE:APA) on Wednesday, July 22 with “Neutral” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, November 6 report. The rating was downgraded by Citigroup on Tuesday, August 9 to “Neutral”. The company was maintained on Friday, September 9 by Citigroup. The firm earned “Sector Perform” rating on Thursday, May 26 by iBERIA Capital Partners. As per Friday, May 6, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Tuesday, December 15 by Argus Research. The firm has “Neutral” rating given on Friday, August 7 by Credit Suisse. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, September 13 report.

Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q2. 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.

D E Shaw Com holds 48,968 shares or 0.01% of its portfolio. Cornerstone Capital Holding Limited Liability Company accumulated 239,816 shares or 0.11% of the stock. Stifel Fin Corp accumulated 0.02% or 58,988 shares. Marco Inv Mgmt Lc last reported 1.08% of its portfolio in the stock. Engy Opportunities Management Lc holds 0.7% of its portfolio in Apache Corporation (NYSE:APA) for 41,870 shares. Bluecrest Cap Mngmt Ltd holds 0.26% of its portfolio in Apache Corporation (NYSE:APA) for 111,850 shares. Moreover, Westport Resource Mgmt Incorporated has 0.01% invested in Apache Corporation (NYSE:APA) for 550 shares. Ramsay Stattman Vela & Price Inc last reported 4,704 shares in the company. Tower Research Cap Ltd Com (Trc) has invested 0.01% of its portfolio in Apache Corporation (NYSE:APA). Voya Investment Llc has invested 0.03% of its portfolio in Apache Corporation (NYSE:APA). Sigma Planning Corp last reported 5,289 shares in the company. Anchor Advisors Ltd Liability Company holds 1.68% or 1.19 million shares in its portfolio. Hartford Inv accumulated 0.11% or 89,960 shares. Scotia Capital Incorporated holds 0.01% or 6,895 shares in its portfolio. Css Ltd Llc Il accumulated 0.07% or 19,420 shares.

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

About 1.95M shares traded hands. Apache Corporation (NYSE:APA) has risen 15.49% since April 25, 2016 and is uptrending. It has outperformed by 9.48% the S&P500.

Apache Corporation is an independent energy company. The company has a market cap of $23.39 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).

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.”

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 $52.44 million for 111.46 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.

Another recent and important Apache Corporation (NYSE:APA) news was published by Streetinsider.com which published an article titled: “Moody’s Lowers Outlook on Apache Corp. (APA) to Negative; Ratings Affirmed” on November 11, 2016.

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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