Apache Corp (NYSE:APA) Institutional Investors Quarterly Sentiment

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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 dived, as 183 investment managers started new or increased equity positions, while 235 sold and reduced stock positions in Apache Corp. The investment managers in our partner’s database now hold: 337.75 million shares, down from 341.21 million shares in 2019Q1. Also, the number of investment managers holding Apache Corp in their top 10 equity 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 earnings per share, down 109.52 % or $0.69 from last year’s $0.63 per share. After $0.11 actual earnings per share 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 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. Morgan Stanley maintained the stock with “Sell” rating in Monday, June 24 report. BMO Capital Markets maintained Apache Corporation (NYSE:APA) rating on Friday, April 5. BMO Capital Markets has “Market Perform” rating and $36 target. The firm has “Neutral” rating given on Monday, August 26 by Citigroup. The rating was maintained by Societe Generale with “Buy” on Wednesday, March 20. On Friday, July 12 the stock rating was maintained by Morgan Stanley with “Underweight”. The firm has “Underperform” rating given on Thursday, August 1 by Bank of America.

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 Finance.Yahoo.com with their article: “Is Apache Corporation (APA) A Good Stock To Buy? – Yahoo Finance” published on June 19, 2019, Fool.com published: “The U.S. Rig Count Is Falling — Here’s Why Oil Production Keeps Rising Anyway – The Motley Fool” on August 17, 2019. More interesting news about Apache Corporation (NYSE:APA) were released by: Finance.Yahoo.com and their article: “Stocks – Wall Street Flat; Energy, Financial Stocks Vs. Tech Softness – Yahoo Finance” published on September 09, 2019 as well as Globenewswire.com‘s news article titled: “Apache Declares Cash Dividend on Common Shares – GlobeNewswire” with publication date: September 12, 2019.

Apache Corporation (NYSE:APA) Institutional Positions Chart

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