Apache Corp. Reports Insider Buy
Ferlic has proven to make successful trades within his company. He sold 5,000 shares in 2008 for $148. Since then share prices have decreased 48.72%.
As you can see in the chart above, Apache insiders have typically sold shares when the price jumps. There have also been significantly more insider buys now that the price is nearing its 52-Week Low.
Headquartered out of Houston, Texas, Apache Corporation is an oil and gas exploration and production company with operations in the US, Canada, Egypt, the UK, Australia and Argentina. The company also leases and operates of oil and gas properties.
According to the Ten-Year Financials of Apache Corp, the company has maintained a positive net income since 2009. The net income has been decreasing since 2010, but the gross profit has been consistently increasing since 2003.The depreciation, depletion and amortization has also significantly increased since 2003.
“Having deepened and strengthened our global portfolio of growth projects since 2010, we are accelerating our operational momentum,” said Steven Farris, chairman and CEO. “Apache eited 2012 producing in excess of 800,000 BOE per day, driven primarily by our North American oil production, which increased 12 percent during the year.”
There are 22 gurus that hold stake in Apache Corporations. For more information on these gurus and the shares they hold look at Apache’s Guru Trade page.
With its shares up 2.02%, Apache trades at $75.90.
For more information on insider trades within Apache Corporation look at Randolph Ferlic’s market overview and Apache’s insider trade history.