Analyst Rating Update on Apache Corporation (APA)

Apache Corporation (NYSE: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 3, which is also a Hold. 3 considers that the stock is a Sell.

Apache Corporation (NYSE:APA) : The most positive equity analysts on Apache Corporation (NYSE: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.

Company shares have received an average consensus rating of Hold for the current week Also, CLSA initiates coverage on Apache Corporation (NYSE:APA) The brokerage firm has issued a Underperform rating on the shares. The rating by the firm was issued on June 22, 2016.

Apache Corporation (NYSE:APA): stock turned positive on Tuesday. Though the stock opened at $53.42, the bulls momentum made the stock top out at $54.2 level for the day. The stock recorded a low of $52.95 and closed the trading day at $54.18, in the green by 4.19%. The total traded volume for the day was 2,438,262. The stock had closed at $52 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Exec. Vice President) of Apache Corp, Harris Margery M had purchased shares worth of $46,830 in a transaction dated on August 27, 2015. A total of 1,115 shares were purchased at a price of $42 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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