Apache Corp (NYSE:APA) Sentiment Report

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Sentiment for Apache Corp (NYSE:APA)

Apache Corp (NYSE:APA) institutional sentiment decreased to 0.78 in Q2 2019. Its down -0.14, from 0.92 in 2019Q1. The ratio has worsened, as 183 hedge funds started new or increased positions, while 235 trimmed and sold stock positions in Apache Corp. The hedge funds in our partner’s database now have: 337.75 million shares, down from 341.21 million shares in 2019Q1. Also, the number of hedge funds holding Apache Corp in their top 10 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 3.80M 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 buys, and 0 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. As per Wednesday, March 20, the company rating was maintained by Societe Generale. The firm has “Neutral” rating given on Monday, August 26 by Citigroup. On Friday, July 12 the stock rating was maintained by Morgan Stanley with “Underweight”. The stock of Apache Corporation (NYSE:APA) earned “Underperform” rating by Bank of America on Thursday, August 1. The stock has “Sell” rating by Morgan Stanley on Monday, June 24. The stock of Apache Corporation (NYSE:APA) earned “Market Perform” rating by BMO Capital Markets on Friday, April 5.

More notable recent Apache Corporation (NYSE:APA) news were published by: Seekingalpha.com which released: “Apache: Laying The Foundation For Significant Growth – Seeking Alpha” on August 27, 2019, also Fool.com with their article: “The U.S. Rig Count Is Falling — Here’s Why Oil Production Keeps Rising Anyway – The Motley Fool” published on August 17, 2019, Finance.Yahoo.com published: “Did Apache Corporation (NYSE:APA) Insiders Sell Shares? – Yahoo Finance” on May 21, 2019. More interesting news about Apache Corporation (NYSE:APA) were released by: Globenewswire.com and their article: “Apache Declares Cash Dividend on Common Shares – GlobeNewswire” published on September 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Apache Corporation (APA) A Good Stock To Buy? – Yahoo Finance” with publication date: June 19, 2019.

Apache Corporation (NYSE:APA) Institutional Positions Chart

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