Apache Corp (NYSE:APA) Institutional Investors Q2 2019 Sentiment

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Sentiment for Apache Corp (NYSE:APA)

Apache Corp (NYSE:APA) institutional sentiment decreased to 0.78 in 2019 Q2. Its down -0.14, from 0.92 in 2019Q1. The ratio worsened, as 183 investment professionals opened new and increased stock positions, while 235 sold and reduced their stock positions in Apache Corp. The investment professionals in our partner’s database now own: 337.75 million shares, down from 341.21 million shares in 2019Q1. Also, the number of investment professionals holding Apache Corp in their top 10 stock positions decreased from 3 to 2 for a decrease of 1. Sold All: 48 Reduced: 187 Increased: 140 New Position: 43.

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 $9.15 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 currently has negative earnings. 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 2.10% or $0.5 during the last trading session, reaching $24.34. About 3.80 million shares traded. Apache Corporation (NYSE:APA) has declined 46.98% since September 13, 2018 and is downtrending. It has underperformed by 46.98% the S&P500.

Analysts await Apache Corporation (NYSE:APA) to report earnings on October, 30. They expect $-0.06 EPS, down 109.52 % or $0.69 from last year’s $0.63 per share. After $0.11 actual EPS reported by Apache Corporation for the previous quarter, Wall Street now forecasts -154.55 % negative EPS growth.

Elm Ridge Management Llc holds 6.22% of its portfolio in Apache Corporation for 266,283 shares. Van Den Berg Management I Inc owns 1.03 million shares or 4.44% of their US portfolio. Moreover, Davis Selected Advisers has 3.3% invested in the company for 23.01 million shares. The New York-based Encompass Capital Advisors Llc has invested 1.74% in the stock. Hotchkis & Wiley Capital Management Llc, a California-based fund reported 15.48 million shares.

Since January 1, 0001, it had 3 insider purchases, and 0 insider sales for $256,378 activity.

Apache Corporation (NYSE:APA) Ratings Coverage

Ratings analysis reveals 20% of Apache’s analysts are positive. Out of 5 Wall Street analysts rating Apache, 1 give it “Buy”, 2 “Sell” rating, while 2 recommend “Hold”. The lowest target is $1800 while the high is $40. The stock’s average target of $29 is 19.15% above today’s ($24.34) share price. APA was included in 9 notes of analysts from March 20, 2019. The rating was maintained by Morgan Stanley with “Underweight” on Friday, July 12. The stock of Apache Corporation (NYSE:APA) earned “Underperform” rating by Bank of America on Thursday, August 1. Citigroup maintained Apache Corporation (NYSE:APA) on Monday, August 26 with “Neutral” rating. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, April 5. Morgan Stanley maintained Apache Corporation (NYSE:APA) rating on Monday, June 24. Morgan Stanley has “Sell” rating and $19 target. Societe Generale maintained it with “Buy” rating and $40 target in Wednesday, March 20 report.

More notable recent Apache Corporation (NYSE:APA) news were published by: Finance.Yahoo.com which released: “Why Apache Corporation’s (NYSE:APA) CEO Pay Matters To You – Yahoo Finance” on August 14, 2019, also Finance.Yahoo.com with their article: “Is Apache Corporation (APA) A Good Stock To Buy? – Yahoo Finance” published on June 19, 2019, Globenewswire.com published: “Apache Declares Cash Dividend on Common Shares – GlobeNewswire” on September 12, 2019. More interesting news about Apache Corporation (NYSE:APA) were released by: Finance.Yahoo.com and their article: “Did Apache Corporation (NYSE:APA) Insiders Sell Shares? – Yahoo Finance” published on May 21, 2019 as well as Fool.com‘s news article titled: “The U.S. Rig Count Is Falling — Here’s Why Oil Production Keeps Rising Anyway – The Motley Fool” with publication date: August 17, 2019.

Apache Corporation (NYSE:APA) Institutional Positions Chart

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