PennyMac Financial Services, Inc. (PFSI) Analysts See $0.72 EPS; Arga Investment Management LP Cut Its Apache (APA) Stake

April 19, 2018 - By reb123z

Apache Corporation (NYSE:APA) Logo

Analysts expect PennyMac Financial Services, Inc. (NYSE:PFSI) to report $0.72 EPS on May, 3.They anticipate $0.25 EPS change or 53.19% from last quarter’s $0.47 EPS. PFSI’s profit would be $55.82 million giving it 7.39 P/E if the $0.72 EPS is correct. After having $0.65 EPS previously, PennyMac Financial Services, Inc.’s analysts see 10.77% EPS growth. The stock increased 0.83% or $0.17 during the last trading session, reaching $21.27. About 29,486 shares traded. PennyMac Financial Services, Inc. (NYSE:PFSI) has risen 37.69% since April 19, 2017 and is uptrending. It has outperformed by 26.14% the S&P500.

Arga Investment Management Lp decreased Apache Corp (APA) stake by 39.25% reported in 2017Q4 SEC filing. Arga Investment Management Lp sold 34,550 shares as Apache Corp (APA)’s stock declined 12.65%. The Arga Investment Management Lp holds 53,479 shares with $2.26 million value, down from 88,029 last quarter. Apache Corp now has $16.28B valuation. The stock decreased 0.56% or $0.24 during the last trading session, reaching $42.6. About 1.86M shares traded. Apache Corporation (NYSE:APA) has declined 24.62% since April 19, 2017 and is downtrending. It has underperformed by 36.17% the S&P500.

Among 29 analysts covering Apache Corporation (NYSE:APA), 7 have Buy rating, 6 Sell and 16 Hold. Therefore 24% are positive. Apache Corporation had 105 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, July 21, the company rating was maintained by Citigroup. The stock of Apache Corporation (NYSE:APA) has “Sector Perform” rating given on Thursday, May 26 by iBERIA Capital Partners. The company was maintained on Thursday, October 19 by Cowen & Co. The rating was upgraded by Simmons & Co to “Overweight” on Tuesday, September 29. Barclays Capital downgraded Apache Corporation (NYSE:APA) on Friday, August 5 to “Equal-Weight” rating. RBC Capital Markets maintained Apache Corporation (NYSE:APA) on Thursday, August 24 with “Hold” rating. Morgan Stanley maintained the shares of APA in report on Wednesday, October 18 with “Equal-Weight” rating. The firm has “Buy” rating by Citigroup given on Thursday, April 7. Jefferies maintained Apache Corporation (NYSE:APA) rating on Tuesday, January 30. Jefferies has “Sell” rating and $40.0 target. The firm earned “Sell” rating on Tuesday, August 29 by Jefferies.

Since December 13, 2017, it had 2 insider buys, and 0 sales for $204,572 activity. LOWE JOHN E bought $84,508 worth of stock or 2,500 shares.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.18, from 1.05 in 2017Q3. It fall, as 61 investors sold APA shares while 238 reduced holdings. 78 funds opened positions while 183 raised stakes. 340.75 million shares or 2.35% less from 348.95 million shares in 2017Q3 were reported. 8,990 are owned by Loring Wolcott & Coolidge Fiduciary Advsr Limited Liability Partnership Ma. Everence Cap Mgmt owns 17,506 shares. 11,708 were accumulated by Stephens Incorporated Ar. Deutsche State Bank Ag holds 0.03% in Apache Corporation (NYSE:APA) or 1.08 million shares. Estabrook holds 0.01% in Apache Corporation (NYSE:APA) or 1,520 shares. Arga Mgmt Limited Partnership invested in 53,479 shares or 0.25% of the stock. Acadian Asset Management Ltd Liability Com, Massachusetts-based fund reported 62,333 shares. Sumitomo Mitsui Asset Mgmt Ltd stated it has 0.02% of its portfolio in Apache Corporation (NYSE:APA). Inv Counselors Of Maryland Ltd Limited Liability Company invested in 25,539 shares. Secor Cap Advisors Ltd Partnership owns 12,278 shares. Ameritas Partners holds 8,246 shares. Oarsman Capital holds 30,534 shares or 0.55% of its portfolio. Benjamin F Edwards Communications owns 2,525 shares. Great West Life Assurance Can holds 0.03% in Apache Corporation (NYSE:APA) or 283,207 shares. Clifford Swan Invest Counsel Ltd Llc reported 0.12% stake.

Analysts await Apache Corporation (NYSE:APA) to report earnings on May, 2 after the close. They expect $0.37 earnings per share, up 362.50% or $0.29 from last year’s $0.08 per share. APA’s profit will be $141.39M for 28.78 P/E if the $0.37 EPS becomes a reality. After $0.33 actual earnings per share reported by Apache Corporation for the previous quarter, Wall Street now forecasts 12.12% EPS growth.

Since October 18, 2017, it had 0 insider purchases, and 46 selling transactions for $13.63 million activity. Fartaj Vandad sold $13,860 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) on Monday, April 2. 10,000 PennyMac Financial Services, Inc. (NYSE:PFSI) shares with value of $231,400 were sold by MCCALLION ANNE. $236,579 worth of stock was sold by Walker David M on Wednesday, March 21. Grogin Jeffrey sold $122,006 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) on Tuesday, February 20. KURLAND STANFORD L sold $223,684 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) on Wednesday, April 11. The insider Botein Matthew sold 10,000 shares worth $229,122. On Monday, April 2 SPECTOR DAVID sold $1.56 million worth of PennyMac Financial Services, Inc. (NYSE:PFSI) or 67,829 shares.

Among 12 analysts covering PennyMac Financial Services (NYSE:PFSI), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. PennyMac Financial Services had 30 analyst reports since December 10, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. As per Wednesday, October 26, the company rating was initiated by Nomura. The firm has “Neutral” rating by Bank of America given on Wednesday, September 28. The rating was maintained by Piper Jaffray on Friday, November 3 with “Buy”. As per Friday, February 16, the company rating was initiated by Wedbush. Piper Jaffray reinitiated the shares of PFSI in report on Friday, September 9 with “Overweight” rating. Wood maintained the shares of PFSI in report on Friday, April 7 with “Buy” rating. The stock has “Buy” rating by Piper Jaffray on Sunday, September 17. Piper Jaffray maintained PennyMac Financial Services, Inc. (NYSE:PFSI) on Thursday, January 4 with “Buy” rating. The stock of PennyMac Financial Services, Inc. (NYSE:PFSI) has “Hold” rating given on Friday, February 9 by Keefe Bruyette & Woods.

Investors sentiment increased to 1.22 in 2017 Q4. Its up 0.16, from 1.06 in 2017Q3. It is positive, as 10 investors sold PennyMac Financial Services, Inc. shares while 27 reduced holdings. 19 funds opened positions while 26 raised stakes. 21.64 million shares or 2.18% more from 21.18 million shares in 2017Q3 were reported. Metropolitan Life Ins Ny owns 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI) for 5,491 shares. 570,000 are owned by Par Mngmt. Qs Ltd Liability Company reported 66,668 shares or 0.01% of all its holdings. Cubist Systematic Strategies holds 0.02% in PennyMac Financial Services, Inc. (NYSE:PFSI) or 15,824 shares. Susquehanna Intl Gp Llp holds 16,636 shares or 0% of its portfolio. Mangrove Prtnrs reported 2.16% in PennyMac Financial Services, Inc. (NYSE:PFSI). Bnp Paribas Arbitrage holds 0% or 5,408 shares. New York-based Amer Intl Group Inc has invested 0% in PennyMac Financial Services, Inc. (NYSE:PFSI). Millennium Limited reported 25,336 shares. Strs Ohio invested 0% in PennyMac Financial Services, Inc. (NYSE:PFSI). Parametric Port Associate Lc stated it has 106,198 shares or 0% of all its holdings. Deutsche Natl Bank Ag owns 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI) for 109,845 shares. Connor Clark & Lunn Inv Management Ltd holds 0.01% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI) for 87,640 shares. New York-based Omega Inc has invested 1.24% in PennyMac Financial Services, Inc. (NYSE:PFSI). United Svcs Automobile Association has 45,400 shares.

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company has market cap of $1.65 billion. It operates through three divisions: Loan Production, Loan Servicing, and Investment Management. It has a 5.28 P/E ratio. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

Apache Corporation (NYSE:APA) Institutional Positions Chart

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