Stocks of Apache Corporation (NYSE:APA) rallied by 0.65% during the past week but lost 5.67% on a 4-week basis. The company has outperformed the S&P 500 by 1.86% in the past week but underperformed the index by 6.53% in the last 4 weeks.
Apache Corporation (NYSE:APA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.77 and $53.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.87, notching a gain of 1.64% for the day. The total traded volume was 3,163,326 . The stock had closed at $53.00 on the previous day.
The company shares have dropped -4.72% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $59.59 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $55.19 and the 200 Day Moving Average price is recorded at $47.14.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Exec. Vice President) of Apache Corp, Harris Margery M had purchased shares worth of $46,830 in a transaction dated on August 27, 2015. A total of 1,115 shares were purchased at a price of $42 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, iBERIA Capital Partners, maintains their rating on the shares of Apache Corporation (NYSE:APA). iBERIA Capital Partners has a Sector Perform rating on the shares. As per the latest research report, the brokerage house raises the price target to $60 per share from a prior target of $53. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 0.4% of Apache Corporation shares according to the proxy statements. Institutional Investors own 97.36% of Apache Corporation shares.
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.