Apache Corporation (APA) : Fridays money flow data in Apache Corporation (APA) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $15.05 million, whereas, $13.21 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.14, in favor of the bulls. The total money flow into the stock was $1.85 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.05 million. The total value of block trades done on upticks was $1.05 million. Apache Corporation (APA) fell $0.1 and traded at $53.3, down -0.19% for the day, over previous days close. On a weekly basis, the shares are -6.69% over the previous weeks close.
Apache Corporation (APA) stock is expected to deviate a maximum of $8.99 from the average target price of $57 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $70 and the most muted being $41.
Apache Corporation (NYSE:APA): stock turned positive on Friday. Though the stock opened at $53.9, the bulls momentum made the stock top out at $54.25 level for the day. The stock recorded a low of $53.17 and closed the trading day at $53.65, in the green by 0.47%. The total traded volume for the day was 2,215,548. The stock had closed at $53.4 in the previous days trading.
In a related news, Harris Margery M, officer (Exec. Vice President) of Apache Corp, executed a transaction worth $46,830 on August 27, 2015. A total of 1,115 shares were purchased at an average price of $42. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. As of December 31, 2014, Apache had exploration and production interests in five countries: the United States, Canada, Egypt, Australia and the United Kingdom. During the year ended December 31, 2014, it participated in drilling 1,478 gross wells, with 1,407 (95%) completed as producers. As of December 31, 2013, in addition to its completed wells, several wells had not reached completion: 318 gross (214.7 net) in the United States; 27 gross (19.0 net) in Canada; 35 gross (32.5 net) in Egypt, and 3 gross (2.2 net) in the North Sea. The Companys operations in United States and Canada are constituted under its North America business, while its International business constitutes its operations in Egypt, Australia and the United Kingdom in the North Sea.