Apache Corporation (APA) stock is expected to deviate a maximum of $8.16 from the average target price of $55.5 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $70 and the most muted being $40.
The short interest in Apache Corporation (APA) has declined from 16,018,727 on June 15,2016 to 15,806,530 on June 30,2016. The change was measured at 212,197 shares or 1.3%. The leftover shorts were 4.2% of the floated shares. The days to cover are 5, given the average daily volume of 3,320,644 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, CLSA initiates coverage on Apache Corporation (NYSE:APA). CLSA has 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 Thursday. Though the stock opened at $57.36, the bulls momentum made the stock top out at $57.73 level for the day. The stock recorded a low of $56.8 and closed the trading day at $56.88, in the green by 0.60%. The total traded volume for the day was 1,950,706. The stock had closed at $56.54 in the previous days trading.
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.