Apache Corporation (APA) : 4 brokerage houses believe that Apache Corporation (APA) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Apache Corporation (APA). Zacks Investment Research suggests a Buy with a rank of 2. 3 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.65.
Apache Corporation (APA) : The highest short term price target forecast on Apache Corporation (APA) is $70 and the lowest target price is $41. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $57.07 with a standard deviation of $8.32.
Company shares have received an average consensus rating of Hold for the current week Apache Corporation (NYSE:APA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.34 and $48.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.59, notching a gain of 1.66% for the day. The total traded volume was 3,053,477 . The stock had closed at $48.78 on the previous day.
In a related news, Harris Margery M, officer (Exec. Vice President) of Apache Corp, executed a transaction worth $46,830 on August 27, 2015. A total of 1,115 shares were purchased at an average price of $42. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. 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.