Analysts are on the Bearish side about Apache Corporation (NYSE:APA) this week.

July 17, 2017 - By Winifred Garcia

 Analysts are on the Bearish side about Apache Corporation (NYSE:APA) this week.
Investors sentiment increased to 1 in Q4 2016. Its up 0.05, from 0.95 in 2016Q3. It improved, as 65 investors sold Apache Corporation shares while 256 reduced holdings. 83 funds opened positions while 237 raised stakes. 331.56 million shares or 0.06% less from 331.75 million shares in 2016Q3 were reported.
Waverton Inv Ltd accumulated 20,111 shares. Mitchell invested in 2.83% or 427,179 shares. 14.09M were accumulated by Harris Ltd Partnership. Geneva Advsrs Lc stated it has 0.02% in Apache Corporation (NYSE:APA). Blackrock Grp Ltd invested in 4.02 million shares. State Treasurer State Of Michigan, a Michigan-based fund reported 174,089 shares. Northern accumulated 0.09% or 4.81 million shares. Envestnet Asset Management owns 0.01% invested in Apache Corporation (NYSE:APA) for 56,687 shares. Lucas Cap stated it has 0.25% of its portfolio in Apache Corporation (NYSE:APA). 8,872 are owned by Hm Payson &. Country Bancshares has 0.99% invested in Apache Corporation (NYSE:APA). Keeley Asset reported 45,118 shares or 0.12% of all its holdings. Pacific Heights Asset Ltd Liability Corp reported 200,000 shares. Hsbc Public Limited Company holds 326,381 shares. Rothschild Corporation Il reported 8,434 shares stake.

Since May 15, 2017, it had 1 buy, and 0 selling transactions for $513,800 activity.

Apache Corporation (NYSE:APA) Ratings Coverage

Among 24 analysts covering Apache Corporation (NYSE:APA), 5 have Buy rating, 3 Sell and 16 Hold. Therefore 21% are positive. Apache Corporation had 64 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Neutral” rating and $62 target in Friday, August 7 report. Deutsche Bank maintained the shares of APA in report on Tuesday, March 29 with “Hold” rating. The company was maintained on Friday, September 9 by Citigroup. The firm earned “Neutral” rating on Monday, September 26 by Mitsubishi UFG. The company was maintained on Thursday, March 10 by Bernstein. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, August 5. The company was maintained on Monday, September 14 by Citigroup. RBC Capital Markets maintained it with “Sector Perform” rating and $56 target in Friday, May 6 report. The company was maintained on Friday, April 21 by Barclays Capital. The rating was maintained by S&P Research on Friday, August 7 with “Buy”. Below is a list of Apache Corporation (NYSE:APA) latest ratings and price target changes.

13/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $46.0000 Maintain
07/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $56.0000 Maintain
29/06/2017 Broker: Scotia Capital Rating: Hold New Target: $50.0000
26/06/2017 Broker: BMO Capital Markets Rating: Hold New Target: $45.0000 Maintain
20/06/2017 Broker: Barclays Capital Rating: Sell New Target: $38.0000
15/06/2017 Broker: RBC Capital Markets Rating: Hold New Target: $64.0000 Maintain
21/06/2017 Broker: Seaport Global Old Rating: Buy New Rating: Neutral Downgrade
29/05/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $64.00 Maintain
26/04/2017 Broker: RBC Capital Markets Rating: Hold New Target: $63.00 Target
21/04/2017 Broker: Barclays Capital Rating: Sell New Target: $41.00 Maintain

About 1.94M shares traded. Apache Corporation (NYSE:APA) has declined 10.21% since July 17, 2016 and is downtrending. It has underperformed by 26.91% the S&P500.

Apache Corporation is an independent energy company. The company has market cap of $18.59 billion. The Firm explores for, develops, and produces crude oil, natural gas and natural gas liquids. It currently has negative earnings. It has production in four divisions: the United States, Canada, Egypt and the United Kingdom North Sea.

More notable recent Apache Corporation (NYSE:APA) news were published by: Fool.com which released: “Here’s Why the Best Is Yet to Come for Apache Corp.” on June 21, 2017, also Worldoil.com with their article: “Apache Corp. announces exit from Canada” published on July 06, 2017, Seekingalpha.com published: “Apache Corporation – Undervalued American Oil Corporation” on June 29, 2017. More interesting news about Apache Corporation (NYSE:APA) were released by: Seekingalpha.com and their article: “Will Apache Corp. Double Or Face More Trouble?” published on July 10, 2017 as well as Seekingalpha.com‘s news article titled: “What WTI Price Does Apache Need To Break-Even?” with publication date: July 11, 2017.

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