Brokerage Firm Rating Update on Apache Corporation (APA)

Apache Corporation (APA) : Zacks Investment Research ranks Apache Corporation (APA) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 3 Sell recommendation. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.63, which indicates as a Hold.

Apache Corporation (APA) : The consensus price target for Apache Corporation (APA) is $57.07 for the short term with a standard deviation of $7.87. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $70, however, the pessimist price target for the company is $42.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Barclays maintains its rating on Apache Corporation (NYSE:APA).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays raises the new price target from $49 per share to $50 per share. The rating by the firm was issued on September 1, 2016.

Apache Corporation (NYSE:APA): The stock opened at $56.97 and touched an intraday high of $58.99 on Wednesday. During the day, the stock corrected to an intraday low of $54.78, however, the bulls stepped in and pushed the price higher to close in the green at $55.13 with a gain of 6.70% for the day. The total traded volume for the day was 14,583,568. The stock had closed at $51.67 in the previous trading session.

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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