Economy

Stock Traders Purchase High Volume of Call Options on Apache Corporation

About shares traded. Apache Corporation (NYSE:APA) has declined 10.21% since October 9, 2016 and is downtrending. $16.88 million flowed into the stock on the tick-up and $41.40 million flowed out of the stock on the tick-down, for a money net flow of $24.52 million out of the stock. The stock carved out a 52-week low down at $38.14.

A number of analysts have commented on the company. The company now has an average rating of "Hold" and a consensus target price of $50.00. JP Morgan downgraded the shares of APA in report on Thursday, September 14 to "Underweight" rating. On August 15 Citigroup held the company rating at "Neutral" and lowered the price expectation to $45.00 from $50.00. Apache Corporation had 79 analyst reports since July 21, 2015 according to SRatingsIntel.

Looking at the stock's movement on the chart, Apache Corporation have shares float of 6.51%. Nine equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The stock is trading $42.76 its 50-day moving average by -2.41%. The company has market cap of $17.40 billion.

Apache Corporation (NYSE:APA) was the target of some unusual options trading activity on Friday. The company had a trading volume of 1,500,468 shares.

Apache Corporation (NYSE:APA) last announced its quarterly earnings data on Thursday, August 3rd.

The company reported its EPS on 6/29/2017. The return on equity ratio or ROE stands at -5.1 percent while most common profitability ratio return on investment (ROI) was -4.3 percent. Vanguard Group Inc. now owns 26,448,494 shares of the energy company's stock valued at $1,267,676,000 after acquiring an additional 128,836 shares in the last quarter. During the same quarter in the previous year, the firm posted ($0.26) EPS. Pnc Financial Ser Gp invested in 140,422 shares or 0.01% of the stock. 2 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Apache Corporation's dividend payout ratio (DPR) is presently -4,997.50%. Accern also gave media coverage about the energy company an impact score of 46.7720937211416 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future. John E. Lowe, Director bought $112,250 worth of shares at an average price of $44.90 on Monday the 7th. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A statistical measure of the dispersion of returns (volatility) for APA producing salvation in Investors mouth, it has week volatility of 2.09% and for the month booked as 2.41%. Also, Director George D. Lawrence acquired 900 shares of the firm's stock in a transaction that occurred on Friday, August 11th. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. The disclosure for this purchase can be found here.

Several institutional investors have recently bought and sold shares of APA. Hanson McClain Inc. purchased a new position in Apache Corporation in the second quarter valued at about $106,000. Parallel Advisors LLC increased its holdings in Apache Corporation by 7.4% in the first quarter. The Bank Of Nova Scotia holds 573,541 shares with $27.49 million value, up from 237,048 last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Apache Corporation during the 2nd quarter worth approximately $142,000. Finally, Harris Associates L P raised its holdings in shares of Apache Corporation by 14.3% during the second quarter. That's a potential 3.7 increase relative to where Apache Corporation (NYSE:APA) has been trading recently. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & global trademark & copyright legislation. The original version of this article can be viewed at https://baseballnewssource.com/markets/traders-buy-large-volume-of-call-options-on-apache-corporation-apa/1700279.html. New Jersey Better Educational Savings has invested 0.5% of its portfolio in Apache Corporation (NYSE:APA).



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