Kingdon Capital Management L.l.c. adds Apache Corporation (APA) to its portfolio

Apache Corporation (APA) : Kingdon Capital Management L.l.c. added new position in Apache Corporation during the most recent quarter end. The investment management firm now holds 761,308 shares of Apache Corporation which is valued at $44,863,880 , the company said in a statement filed on Nov 14, 2016 with the SEC.Apache Corporation makes up approximately 3.06% of Kingdon Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Hirtle Callaghan Co added APA to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $28,725. Apache Corporation makes up approx 0.01% of Hirtle Callaghan Co’s portfolio.Umb Bank N Amo boosted its stake in APA in the latest quarter, The investment management firm added 13,762 additional shares and now holds a total of 137,655 shares of Apache Corporation which is valued at $8,187,719. Apache Corporation makes up approx 0.33% of Umb Bank N Amo’s portfolio.

Apache Corporation opened for trading at $61.6 and hit $62.7399 on the upside on Monday, eventually ending the session at $62.08, with a gain of 1.11% or 0.68 points. The heightened volatility saw the trading volume jump to 27,53,635 shares. Company has a market cap of $23,555 M.

On the company’s financial health, Apache Corporation reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.14. The company had revenue of $1438.00 million for the quarter, compared to analysts expectations of $1379.01 million. The company’s revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

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.

Leave a Reply

Apache Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Apache Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.