Apache Corporation (APA) : Merriman Wealth Management added new position in Apache Corporation during the most recent quarter end. The investment management firm now holds 32,471 shares of Apache Corporation which is valued at $1,791,425 , the company said in a statement filed on Jul 8, 2016 with the SEC.Apache Corporation makes up approximately 0.50% of Merriman Wealth Management’s portfolio.
Other Hedge Funds, Including , Next Financial Group Inc reduced its stake in APA by selling 26 shares or 6.68% in the most recent quarter. The Hedge Fund company now holds 363 shares of APA which is valued at $20,027. Apache Corporation makes up approx 0.01% of Next Financial Group Inc’s portfolio.Carl Domino Inc reduced its stake in APA by selling 200 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 5,706 shares of APA which is valued at $314,800. Apache Corporation makes up approx 0.29% of Carl Domino Inc’s portfolio.
Apache Corporation closed down -1 points or -1.74% at $56.54 with 27,18,042 shares getting traded on Wednesday. Post opening the session at $57.54, the shares hit an intraday low of $56.04 and an intraday high of $57.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Apache Corporation reported $-0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.48 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.88.Analysts expectations of $ 1099.99.During the same quarter in the previous year, the company posted $-0.37 EPS.
Investors should note that on May 12, 2016, Apache Corporation announced a cash dividend of $0.2500. The company’s management has announced Jul 20, 2016 as the ex-dividend date and fixed the record date on Jul 22, 2016. The payable date has been fixed on Aug 22, 2016.
Many Wall Street Analysts have commented on Apache Corporation. Apache Corporation was Initiated by Credit Agricole to “Underperform” on Jun 22, 2016. Apache Corporation was Upgraded by Scotia Howard Weil to ” Sector Outperform” on May 16, 2016. Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 56 from a previous price target of $54 .
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 1478 gross wells with 1407 (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 Company’s 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.