Large Outflow of Money Witnessed in Apache Corporation

Apache Corporation (NYSE:APA) jumped 0.32 points or 0.6% on strong buying and was last priced at $53.84 per share. The shares saw huge fund flow intraday; a massive $28.15 million made their way in through the upticks but an even bigger $36.81 million made their way out through downticks. As per the last observation, the net money flow stood at $(-8.66) million and the up/down ratio was found to be 0.76. The shares have seen a weekly value change of -1.36% .A block trade was recorded in the company shares with a net money flow of $(-7.75) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $7.75. As can be seen from the data, the block transaction had the up/down ratio of 0.


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. On the companys insider trading activities, 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 (NYSE:APA) : On Monday heightened volatility was witnessed in Apache Corporation (NYSE:APA) which led to swings in the share price. The stock opened for trading at $53.03 and hit $54.55 on the upside , eventually ending the session at $53.84, with a gain of 0.6% or 0.32 points. The heightened volatility saw the trading volume jump to 3,042,498 shares. The 52-week high of the share price is $60.13 and the company has a market cap of $20,380 million. The 52-week low of the share price is at $32.195 .

Many analysts have stated their opinion on the company shares. Equity Analysts at the iBERIA Capital Partners maintains the rating on Apache Corporation (NYSE:APA). The brokerage firm has issued a Sector Perform rating on the shares. The Analysts at the ratings agency raises the price target from $53 per share to $60 per share. The rating by the firm was issued on May 26, 2016.

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.

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