Apache Corporation (APA) Receives Price Target

Apache Corporation (APA) : The consensus price target for Apache Corporation (APA) is $57 for the short term with a standard deviation of $7.94. 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.

Apache Corporation (APA) has an average broker rating of 2.63, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 4 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 8 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.


Also, In the latest statement by the brokerage house, Citigroup downgrades its outlook on Apache Corporation (NYSE:APA). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm lowers the price target from $55 per share to $53 per share. The rating by the firm was issued on August 9, 2016.

Apache Corporation (NYSE:APA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.35 and $48.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.79, notching a gain of 0.18% for the day. The total traded volume was 3,730,974 . The stock had closed at $49.70 on the previous day.

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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