Apache Corporation (APA) Receives ‘Analyst’ Rating

Apache Corporation (APA) : 5 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. 10 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 Hold with a rank of 3. 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 19 Wall Street Analysts endorse the stock as a Hold with a rating of 2.58.

Apache Corporation (APA) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $72 and the lowest price target forecast is $47. The average forecast of all the analysts is $58.6 and the expected standard deviation is $6.91.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Apache Corporation (NYSE:APA). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $53 per share to $58 per share. The rating by the firm was issued on September 9, 2016.

Apache Corporation (NYSE:APA): After opening at $57.21, the stock dipped to an intraday low of $56.9 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $58.74 and the buying power remained strong till the end. The stock closed at $58.7 for the day, a gain of 3.44% for the day session. The total traded volume was 4,960,317. The stocks close on the previous trading day was $56.75.

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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