Apache Corporation (APA) Shares are Up 9.14%

Apache Corporation (APA) has been under a strong bear grip, hence the stock is down -0.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 9.18% in the past 1 week. The stock has risen by 9.14% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.3% in the past 4 weeks.

Apache Corp. has dropped 5.91% during the last 3-month period . Year-to-Date the stock performance stands at 22.27%. The stock has recorded a 20-day Moving Average of 4.86% and the 50-Day Moving Average is 0.13%.


Apache Corporation (NYSE:APA): The stock opened at $53.39 on Friday but the bulls could not build on the opening and the stock topped out at $53.70 for the day. The stock traded down to $52.97 during the day, due to lack of any buying support eventually closed down at $53.49 with a loss of -0.21% for the day. The stock had closed at $53.60 on the previous day. The total traded volume was 2,046,781 shares.

Also, Citigroup downgrades its rating on Apache Corporation (NYSE:APA). The global brokerage major lowers the current price target from $55 per share to $53 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 9, 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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