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INX:APA, Nov 21, 04:27 UTC

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Friday, November 15


News

Are Options Traders Betting on a Big Move in Apache (APA) Stock?

APA

It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.What do the Analysts Think?Clearly, options traders are pricing in a big move for Apache shares, but what is the fundamental picture for the company? Currently, Apache is a Zacks Rank #3 (Hold) in the Oil and Gas – Exploration and Production – United States industry that ranks in the Bottom 37% of our Zacks Industry Rank. The net effect has decreased our Zacks Consensus Estimate for the current quarter from earnings of 3 cents per share to a loss of 14 cents in that period.Given the way analysts feel about Apache right now, this huge implied volatility could mean there’s a trade developing. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners.

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Thursday, November 14


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Parallel Advisors LLC Grows Stake in Apache Co. (NYSE:APA) – TechNewsObserver

APA

Parallel Advisors LLC increased its stake in shares of Apache Co. (NYSE:APA) by 83.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley decreased their target price on shares of Apache from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Friday, October 4th. The energy company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.10).

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Saturday, November 09


News

Apache Co. (NYSE:APA) Shares Acquired by Moors & Cabot Inc. – TechNewsObserver

APA

Moors & Cabot Inc. increased its stake in shares of Apache Co. (NYSE:APA) by 28.4% in the third quarter, according to its most recent Form 13F filing with the SEC. Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shares of Apache stock opened at $24.43 on Friday. The energy company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.10).

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Monday, November 04


News

The Apache Software Foundation Announces Apache® SINGA™ as a Top-Level Project

APA

Currently, the Apache SINGA project is working on SINGA-lite for deep learning on edge devices with 5G, and SINGA-easy for making AI usable by domain experts (without deep AI background). Apache SINGA is in use at organizations such as Carnegie Technologies, CBRE, Citigroup, JurongHealth Hospital, National University of Singapore, National University Hospital, NetEase, Noblis, Shentilium Technologies, Singapore General Hospital, Tan Tock Seng Hospital, YZBigData, and others. "So glad to see the first Apache project focusing on distributed deep learning become a Top-Level Project," said Beng Chin Ooi, Distinguished Professor of National University of Singapore who initialized the SINGA project, and a member of the Apache SINGA Project Management Committee. Through the ASF's meritocratic process known as "The Apache Way," more than 730 individual Members and 7,000 Committers across six continents successfully collaborate to develop freely available enterprise-grade software, benefiting millions of users worldwide: thousands of software solutions are distributed under the Apache License; and the community actively participates in ASF mailing lists, mentoring initiatives, and ApacheCon, the Foundation's official user conference, trainings, and expo.

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Thursday, October 31


News

Apache (APA) Reports Wider Q3 Loss on Lower Oil Realizations

APA

Apache (APA) Reports Wider Q3 Loss on Lower Oil Realizations. U.S. energy firm Apache Corporation APA reported third-quarter 2019 loss per share – excluding one-time items – of 29 cents, wider than the Zacks Consensus Estimate of 27 cents. Precisely, the Houston, TX-based upstream explorer’s output of 450,644 oil-equivalent barrels per day (BOE/d) surpassed the Zacks Consensus Estimate of 441,000 BOE/d. Production of oil and natural gas averaged 450,644 BOE/d — comprising 67% liquids — down 5.4% from a year ago due to the impact of asset sales.

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News

Apache (APA) Reports Q3 Loss, Beats Revenue Estimates (Revised)

APA

Apache (APA) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.27. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Apache was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.

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Wednesday, October 30


News

Apache posts quarterly loss on lower prices, output

APA

Apache posts quarterly loss on lower prices, output. October 30, 2019, 8:15 PM UTC. Oct 30 (Reuters) - Apache Corp posted a quarterly loss on Wednesday, hit by lower oil and gas prices, and a fall in output. The Houston-based company said net loss attributable to shareholders came in at $170 million, or 45 cents per share, in the third quarter ended Sept. 30, compared with a profit of $81 million, or 21 cents per share, a year earlier. http://bit.ly/2BYHSjC. Apache said total production fell 5.4% to 450,644 barrels of oil equivalent per day. (Reporting by Taru Jain in Bengaluru; Editing by Maju Samuel). What to read next.

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Friday, October 25


News

Oil industry veteran Steven Keenan resigns from Apache Corp

APA

Oil industry veteran Steven Keenan resigns from Apache Corp. Oct 25 (Reuters) - Oil and gas industry veteran Steven Keenan, who was credited with a high-profile shale discovery for Apache Corp, resigned on Wednesday from his position as senior vice president of worldwide exploration, the company said on Friday. Houston-based Apache told Reuters that Keenan's resignation is not connected to the well the company is currently drilling offshore in Suriname. Suriname's state oil company Staatsolie signed a production sharing agreement with Apache Corp in October 2012. Keenan is widely credited with the Alpine High find in West Texas in 2016. When Alpine High was discovered Apache's shares spiked as much as 14% with Chief Executive Officer John Christmann calling it a "world class resource". However more recently Alpine High has struggled due to lower gas prices, with the company saying it would reassign capital expenditure to other areas.

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Tuesday, October 22


News

Were Hedge Funds Right About Souring On Apache Corporation (APA)?

APA

Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their portfolios in smaller cap stocks. We have been receiving indications that hedge funds were increasing their overall exposure in the second quarter and this is one of the factors behind the recent movements in major indices. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the market by 40 percentage points since May 2014 through May 30, 2019 (see the details here). Unfortunately APA wasn't nearly as popular as these 20 stocks (hedge fund sentiment was quite bearish); APA investors were disappointed as the stock returned -10.7% during the third quarter and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as many of these stocks already outperformed the market so far in 2019.

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Wednesday, October 16


News

Apache Corporation Provides Third-Quarter Supplemental Information and Schedules Results Conference Call for October 31, 2019, at 10 a.m. Central Time

APA

Supplemental quarterly informationTo further assist analysts with their third-quarter earnings models, the company is providing the following estimates:. Previously deferred Alpine High volumes have been returned to production, and the company reiterates its third-quarter guidance of 70-75 thousand barrels of oil equivalent per day from the field. Third-quarter 2019 earnings callApache Corporation will host its third-quarter 2019 results conference call on Thursday, October 31, 2019, at 10 a.m. Central time. These statements include, but are not limited to, statements about future plans, expectations and objectives for Apache’s operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetization. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations.

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