Short Term Price Target on Apache Corporation (APA)

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.

Apache Corp. has lost 4.28% in the last five trading days and dropped 0.89% in the last 4 weeks. Apache Corp. is up 17.73% in the last 3-month period. Year-to-Date the stock performance stands at 26.68%. 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) 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 stock opened at $55.82 on Thursday but the bulls could not build on the opening and the stock topped out at $56.08 for the day. The stock traded down to $55.09 during the day, due to lack of any buying support eventually closed down at $55.67 with a loss of -0.25% for the day. The stock had closed at $55.81 on the previous day. The total traded volume was 3,052,748 shares.

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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