Insider Trading Review: Apache Corporation $APA

738803603f5144f82d4c027748ffae7f

Apache Corporation (NYSE:APA) insider have most recently took part in a trading activity. On Aug 23, 2017 Pitman Charles J, Director bought 100 shares having total worth of $3,963 at the price of $39.63 per share, following the transaction a total of 41,023 shares owned by Pitman Charles J. Before this latest buy, Pitman Charles J purchased APA at 1 other times during the past twelve months, for a total investment of $42,400 at an average of $42.4 per share.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 4 buy trades. Furthermore, over the past 12 months , the stock was traded 9 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 7 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 4 0 -23.16%
12 Month 7 2 -16.04%

Shares of Apache Corporation (NYSE:APA) traded up 0.88% on Aug 23, 2017, hitting $40.24. 3,809,014 shares of the company’s stock traded hands. Apache Corporation has a 52 week low of $39.52 and a 52 week high of $67.35. The company’s market cap is $22,610 million.

Apache Corporation (NYSE:APA) last announced its earnings results on Aug 3, 2017. The company reported -0.21 earnings per share (EPS) for the quarter, lower than the consensus estimate of -0.01 by $0.2. The company had revenue of $1,384 million for the quarter, compared to the consensus estimate of $1,410 million. During the same quarter in the previous year, the company posted -0.26 earnings per share. The company’s revenue for the quarter was up 0% on a year-over-year basis.

2017-08-03 2017-05-04 2017-02-23 2016-11-03 2016-08-04 2016-05-05 2016-02-25 2015-11-05 2015-08-06 2015-02-12
earnings per share -0.21 0.08 -0.06 -0.03 -0.26 -0.40 -0.06 -0.05 0.22 1.07
Revenue(M) 1384 1878 1451 1438 1382 1052 1263 1496 1952 2952

Apache Corporation is a Delaware corporation, which was formed in 1954. It is an independent energy company that explores, develops and produces natural gas, crude oil and natural gas liquids. It has exploration and production interests in six countries, divided into seven operating regions: the United States, Canada, Egypt, Australia, the United Kingdom in the North Sea and Argentina. The Company’s North American asset base primarily comprises operations in the central United States, the Permian Basin, the Gulf Coast onshore and offshore areas of the U.S., and operations in Western Canada. The Company’s Gulf Coast assets are primarily located in and along the Gulf of Mexico, in the areas onshore and offshore Texas, Louisiana, Alabama and Mississippi. The area is divided into three regions, which include the Gulf of Mexico Shelf, Gulf of Mexico Deepwater and Gulf Coast Onshore. The Company has continued to increase its presence in the region of Canada and holds approximately seven million gross acres across the provinces of British Columbia, Alberta and Saskatchewan. It drilled or participated in drilling 169 wells in Canada, with a continued focus on increasing oil and liquids-rich gas production. The Company’s international assets are located in Egypt, Australia, offshore the U.K. in the North Sea and Argentina. International assets contributed 44 percent of our production and 55 percent of our oil and gas revenues. The Company has holdings in offshore of Western Australia in the Carnarvon, Exmouth and Browse basins. It has operated in the Carnarvon basin since acquiring the gas processing facilities on Varanus Island and adjacent producing properties in 1993. Production operations are located in the Carnarvon and Exmouth basins. In total, the Company controls approximately 7.9 million gross acres offshore Western Australia through 30 exploration permits, 17 production licenses, and 13 retention leases. The Company’s has operations in the provinces of Neuquén, Rio Negro and Tierra del Fuego. It has interests in 32 concessions, exploration permits and other interests totaling 4.4 million gross acres in four of the main Argentine hydrocarbon basins: Neuquén, Austral, Cuyo, and Noroeste. The Company is in the process of extending its concessions in the Tierra del Fuego and Rio Negro Provinces. The Company’s competitors include national oil companies, major integrated oil and gas companies, other independent oil and gas companies and participants in other industries supplying energy and fuel to industrial, commercial and individual consumers. The Company subject to numerous federal, provincial, state, local and foreign country laws and regulations relating to discharge of materials into, and protection of, the environment.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

Latest posts by William White (see all)

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.