APACHE management continues to purchase shares at these levels !
Apache Corporation (APA): Vice President F. Brady Parish Jr. Bought 4,750 Shares
Vice President of Apache Corporation, F. Brady Parish Jr., bought 4,750 shares on 11/05/2012 at an average price of $78.98. Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corporation has a market cap of $32.22 billion; its shares were traded at around $78.98 with a P/E ratio of 7.5 and P/S ratio of 1.9. The dividend yield of Apache Corporation stocks is 0.8%. Apache Corporation had an annual average earnings growth of 15.3% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.
On Nov. 1, Apache Corporation said that higher rig counts and new infrastructure contributed to record production from Permian and Anadarko Basin operations. For the three-month period ending Sept. 30, 2012, Apache reported production of 771,000 barrels of oil equivalent per day, up approximately 18,300 boepd, or 2.4 percent, from the same period in the prior year. Apache’s third quarter 2012 earnings totaled $161 million, or 41 cents per diluted common share, reflecting the impact of a $539 million non-cash, after-tax write-down in the carrying value of its properties in Canada resulting from lower natural gas prices.