Web.com Group, Inc. (WEB) Forms $22.90 Double Top; Pennant Capital Management Has Boosted Its Apache (APA) Stake

Pennant Capital Management Llc increased Apache Corp (APA) stake by 18.9% reported in 2017Q3 SEC filing. Pennant Capital Management Llc acquired 15,899 shares as Apache Corp (APA)’s stock declined 7.72%. The Pennant Capital Management Llc holds 100,000 shares with $4.58 million value, up from 84,101 last quarter. Apache Corp now has $17.73B valuation. The stock increased 0.56% or $0.26 during the last trading session, reaching $46.53. About 2.79M shares traded. Apache Corporation (NYSE:APA) has declined 10.21% since January 18, 2017 and is downtrending. It has underperformed by 26.91% the S&P500.

Web.com Group, Inc. (WEB) formed double top with $24.73 target or 8.00% above today’s $22.90 share price. Web.com Group, Inc. (WEB) has $1.12 billion valuation. The stock increased 0.44% or $0.1 during the last trading session, reaching $22.9. About 169,180 shares traded. Web.com Group, Inc. (NASDAQ:WEB) has risen 26.30% since January 18, 2017 and is uptrending. It has outperformed by 9.60% the S&P500.

Analysts await Web.com Group, Inc. (NASDAQ:WEB) to report earnings on February, 8. They expect $0.20 earnings per share, down 67.74% or $0.42 from last year’s $0.62 per share. WEB’s profit will be $9.75M for 28.63 P/E if the $0.20 EPS becomes a reality. After $0.16 actual earnings per share reported by Web.com Group, Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Among 4 analysts covering Web.com Group (NASDAQ:WEB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Web.com Group has $24 highest and $20 lowest target. $22.33’s average target is -2.49% below currents $22.9 stock price. Web.com Group had 7 analyst reports since December 30, 2015 according to SRatingsIntel. The rating was upgraded by Suntrust Robinson on Friday, February 12 to “Buy”. On Friday, November 4 the stock rating was downgraded by Suntrust Robinson to “Hold”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, May 6 report. Cantor Fitzgerald initiated the stock with “Hold” rating in Wednesday, October 19 report. The firm has “Sector Perform” rating given on Tuesday, February 16 by RBC Capital Markets. The firm earned “Neutral” rating on Wednesday, December 30 by Suntrust Robinson. The rating was upgraded by Craig Hallum to “Buy” on Tuesday, January 19.

Pennant Capital Management Llc decreased Dycom Inds Inc (Call) (NYSE:DY) stake by 325,550 shares to 250,000 valued at $21.47 million in 2017Q3. It also reduced Antero Midstream Gp Lp stake by 62,900 shares and now owns 1.77M shares. Ultra Petroleum Corp (Call) was reduced too.

Among 27 analysts covering Apache Corporation (NYSE:APA), 5 have Buy rating, 5 Sell and 17 Hold. Therefore 19% are positive. Apache Corporation had 92 analyst reports since July 21, 2015 according to SRatingsIntel. Mitsubishi UFG initiated it with “Neutral” rating and $64 target in Monday, September 26 report. The stock of Apache Corporation (NYSE:APA) has “Neutral” rating given on Thursday, November 12 by Credit Suisse. Citigroup maintained it with “Neutral” rating and $58 target in Friday, September 9 report. Deutsche Bank maintained Apache Corporation (NYSE:APA) rating on Tuesday, March 29. Deutsche Bank has “Hold” rating and $53 target. The stock of Apache Corporation (NYSE:APA) earned “Hold” rating by BMO Capital Markets on Tuesday, September 5. S&P Research maintained Apache Corporation (NYSE:APA) on Friday, August 7 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, July 7. Cowen & Co maintained the stock with “Hold” rating in Friday, September 15 report. The company was downgraded on Friday, February 3 by Macquarie Research. The stock of Apache Corporation (NYSE:APA) earned “Hold” rating by Credit Suisse on Monday, December 11.