Wednesday, 24 October, 2018

The Russell Investments Group Ltd. Takes Position in Apache Corporation

Melissa Porter | 27 February, 2017, 06:45

Zions Bancorporation now owns 2,382 shares of the energy company's stock valued at $132,000 after buying an additional 50 shares during the last quarter. Ally Financial Inc.'s holdings in Apache Corporation were worth $3,173,000 at the end of the most recent quarter. The original version of this piece of content can be accessed at 1,690,871 shares of the company traded hands. Price T Rowe Associates Inc. DIAM Co. Ltd. increased its stake in shares of Apache Corporation by 7.9% in the third quarter. BlackRock Advisors LLC now owns 4,198,155 shares of the energy company's stock valued at $268,136,000 after buying an additional 82,419 shares in the last quarter. Institutional investors and hedge funds own 93.38% of the company's stock.

The latest Insider trade was made on 20 Feb 2017 where Riney (Stephen J) Chief Financial Officer did a transaction type "Sell" in which 3777 shares were traded at a price of $55.44. The most recent short interest data show 5.55% of the company's stock are short sold. Apache Corporation has a 52 week low of $36.26 and a 52 week high of $69.00. The Stock now has the market capitalization of $20.13 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 2.98% and monthly volatility of 2.87% respectively.

Apache Corporation (APA) closed -8.63% below its 200-day moving average and is -14.08% below another chart threshold, its 50-day moving average.

Apache Corporation (NYSE:APA) opened at 59.64 on Friday.

Coming to earnings surprise history, the company has a good record: its beaten estimates in three of the last four quarters resulting in an average positive surprise of 52.23%.

Revenue Came in Lower than Expected: Revenues of $1,451 million were below the Zacks Consensus Estimate of $1,496 million. Apache Corporation had a negative return on equity of 4.70% and a negative net margin of 166.56%. The Stock has YTD (year to date) performance of -16.2 percent. Wells Fargo & Company cut shares of Apache Corporation from an outperform rating to a market perform rating in a research note on Friday, December 16th. Revenue growth for the fourth quarter of 2016 was driven primarily by higher test volume for reproductive health diagnostics, higher average revenue per test, particularly for miscarriage analysis and PGS tests, and an increase in the number of billable customers, which reached 261 during the fourth quarter of 2016 from 243 in the prior-year period. This represents a $1.00 annualized dividend and a dividend yield of 1.87%.

Guidance: With returns-focused growth in mind, Apache announced a 2017 capital budget of $3.1 billion, representing a 60% increase over its 2016 spend. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of global copyright and trademark legislation.

Several equities analysts have commented on the company. Finally, Zacks Investment Research cut shares of Apache Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday, November 29th. Apache Corp. got Downgrade on 3-Feb-17 where investment firm Macquarie Downgrade the stock from Neutral to Underperform. RBC Capital Markets restated a "hold" rating and set a $66.00 price objective on shares of Apache Corporation in a research note on Wednesday, January 4th.

Some buy side analysts are also providing their Analysis on Apache Corp., where 2 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 21 said it's a HOLD, 5 reported it as Underperform and 1 analysts rated the stock as Sell. Apache Corporation now has an average rating of "Hold" and an average price target of $61.82.

Apache is one of the world's leading independent energy companies engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids.

Key Stats: The production of oil and natural gas (excluding divested assets and non-controlling interests) averaged 420,846 oil-equivalent barrels per day (BOE/d) (64% liquids), down 14% from past year.