Apache Corporation (APA) : Analyst Rating Update

Apache Corporation (APA) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 3 considers that the stock is a Sell.

Apache Corporation (APA) : The most positive equity analysts on Apache Corporation (APA) expects the shares to touch $66, whereas, the least positive believes that the stock will trade at $40 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $55.92 with an expected fluctuation of $7.75 from the mean.

Apache Corporation (NYSE:APA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.39 and $54.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.30, notching a gain of 1.15% for the day. The total traded volume was 2,420,512 . The stock had closed at $54.67 on the previous day.

Also, CLSA initiates coverage on Apache Corporation (NYSE:APA).The analysts at the brokerage house have a current rating of Underperform on the shares. The rating by the firm was issued on June 22, 2016. The company shares have rallied 2.26% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $59.59 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $55.89 and the 200 Day Moving Average price is recorded at $48.02.

Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. As of December 31, 2014, Apache had exploration and production interests in five countries: the United States, Canada, Egypt, Australia and the United Kingdom. During the year ended December 31, 2014, it participated in drilling 1,478 gross wells, with 1,407 (95%) completed as producers. As of December 31, 2013, in addition to its completed wells, several wells had not reached completion: 318 gross (214.7 net) in the United States; 27 gross (19.0 net) in Canada; 35 gross (32.5 net) in Egypt, and 3 gross (2.2 net) in the North Sea. The Companys operations in United States and Canada are constituted under its North America business, while its International business constitutes its operations in Egypt, Australia and the United Kingdom in the North Sea.

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