Insider Buying: Apache Corporation (APA) Director Purchases 2,000 Shares of Stock

Apache Corporation (NYSE:APA) Director John E. Lowe purchased 2,000 shares of Apache Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $40.32 per share, for a total transaction of $80,640.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at $483,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Apache Corporation (NYSE APA) traded down 1.82% during midday trading on Thursday, reaching $39.89. The company’s stock had a trading volume of 2,691,263 shares. Apache Corporation has a 12-month low of $39.87 and a 12-month high of $69.00. The stock has a 50-day moving average of $46.72 and a 200 day moving average of $50.04. The firm’s market capitalization is $15.20 billion.

Apache Corporation (NYSE:APA) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.22. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.26) EPS. Equities research analysts predict that Apache Corporation will post $0.11 EPS for the current fiscal year.

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A number of research analysts recently issued reports on APA shares. ValuEngine downgraded Apache Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Apache Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Scotiabank reiterated a “hold” rating and set a $58.00 target price on shares of Apache Corporation in a report on Friday, May 5th. Stifel Nicolaus initiated coverage on Apache Corporation in a report on Tuesday, July 4th. They set a “hold” rating and a $54.00 target price on the stock. Finally, BMO Capital Markets reiterated a “hold” rating and set a $53.00 target price on shares of Apache Corporation in a report on Friday, May 5th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Apache Corporation currently has a consensus rating of “Hold” and an average price target of $56.26.

Hedge funds have recently added to or reduced their stakes in the company. Fulton Bank N.A. boosted its stake in Apache Corporation by 0.6% in the second quarter. Fulton Bank N.A. now owns 10,316 shares of the energy company’s stock worth $494,000 after buying an additional 59 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Apache Corporation during the first quarter worth approximately $48,518,000. Lee Danner & Bass Inc. boosted its stake in Apache Corporation by 1.5% in the second quarter. Lee Danner & Bass Inc. now owns 83,237 shares of the energy company’s stock worth $3,990,000 after buying an additional 1,200 shares in the last quarter. Toronto Dominion Bank boosted its stake in Apache Corporation by 56.6% in the first quarter. Toronto Dominion Bank now owns 102,458 shares of the energy company’s stock worth $5,265,000 after buying an additional 37,028 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its stake in Apache Corporation by 1.4% in the first quarter. Brandes Investment Partners LP now owns 1,169,745 shares of the energy company’s stock worth $60,113,000 after buying an additional 15,617 shares in the last quarter. 93.72% of the stock is owned by institutional investors and hedge funds.

About Apache Corporation

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. It has production in four segments: the United States, Canada, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.

Insider Buying and Selling by Quarter for Apache Corporation (NYSE:APA)

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