Apache Corporation (APA) has risen sharply, recording gains of 9.48% in the past 4 weeks. However, the stock has corrected -1.41% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.74% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 7.91% and the 50-Day Moving Average is 9.98%.The 200 Day SMA reached 19.88% Apache Corp. is up 9.2% in the last 3-month period. Year-to-Date the stock performance stands at 33.86%.
Apache Corporation (APA) : Average target price received by Apache Corporation (APA) is $58.6 with an expected standard deviation of $6.91. The most aggressive target on the stock is $72, whereas the most downbeat target is $47. 15 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Apache Corporation (NYSE:APA): stock was range-bound between the intraday low of $57.5601 and the intraday high of $58.86 after having opened at $57.73 on Fridays session. The stock finally closed in the red at $57.73, a loss of -0.24%. The stock remained in the red for the whole trading day. The total traded volume was 5,097,992 shares. The stock failed to cross $58.86 in Fridays trading. The stocks closing price on Thursday was $58.7.
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.