Investors sold shares of Apache Corporation (NYSE:APA) on strength during trading on Thursday. $17.29 million flowed into the stock on the tick-up and $46.94 million flowed out of the stock on the tick-down, for a money net flow of $29.65 million out of the stock. Of all companies tracked, Apache Corporation had the 32nd highest net out-flow for the day. Apache Corporation traded up $0.60 for the day and closed at $40.73

Several analysts have recently issued reports on the stock. Scotiabank reissued a “hold” rating and set a $58.00 price target on shares of Apache Corporation in a research report on Monday, May 15th. BMO Capital Markets reissued a “hold” rating and set a $53.00 price target on shares of Apache Corporation in a research report on Monday, May 15th. Bank of America Corporation reissued a “buy” rating and set a $57.00 price target (down previously from $60.00) on shares of Apache Corporation in a research report on Thursday, May 11th. Jefferies Group LLC reissued a “sell” rating and set a $40.00 price target on shares of Apache Corporation in a research report on Wednesday, May 17th. Finally, Zacks Investment Research raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.27.

The company’s market cap is $15.52 billion. The company’s 50-day moving average is $43.28 and its 200 day moving average is $48.13.

Apache Corporation (NYSE:APA) last announced its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.22. Apache Corporation had a negative net margin of 0.07% and a negative return on equity of 1.03%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company earned ($0.26) earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts anticipate that Apache Corporation will post $0.05 EPS for the current fiscal year.

In other news, Director John E. Lowe purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $44.90 per share, with a total value of $112,250.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $449,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John E. Lowe purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $40.32 per share, for a total transaction of $80,640.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at approximately $483,840. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,500 shares of company stock worth $235,094. 0.48% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of APA. State of Alaska Department of Revenue acquired a new stake in shares of Apache Corporation during the 1st quarter valued at approximately $135,000. Nationwide Fund Advisors raised its position in shares of Apache Corporation by 11.7% during the 1st quarter. Nationwide Fund Advisors now owns 133,169 shares of the energy company’s stock valued at $6,844,000 after acquiring an additional 13,959 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Apache Corporation by 0.8% during the 1st quarter. Russell Investments Group Ltd. now owns 343,748 shares of the energy company’s stock valued at $17,667,000 after acquiring an additional 2,846 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Apache Corporation by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 39,758 shares of the energy company’s stock valued at $2,043,000 after acquiring an additional 200 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Apache Corporation by 114.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 165,458 shares of the energy company’s stock valued at $8,503,000 after acquiring an additional 88,402 shares in the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

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Apache Corporation Company Profile

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

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