Apache Corp. Downgraded to “Sector Perform” at Howard Weil (APA)
Apache Corp. (NYSE:APA) was downgraded by analysts at Howard Weil from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Apache Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, December 12th. They now have a $95.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Apache Corp. from $105.00 to $98.00 in a research note to investors on Monday, December 9th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Apache Corp. in a research note to investors on Monday, December 2nd. They set a “neutral” rating on the stock. Sixteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Apache Corp. has an average rating of “Hold” and an average price target of $98.97.
Apache Corp. (NYSE:APA) opened at 87.90 on Wednesday. Apache Corp. has a 52-week low of $67.91 and a 52-week high of $94.84. The stock’s 50-day moving average is $88.60 and its 200-day moving average is $85.94. The company has a market cap of $35.093 billion and a P/E ratio of 13.11.
Apache Corp. (NYSE:APA) last announced its earnings results on Thursday, November 7th. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.15 by $0.17. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Apache Corp. will post $8.09 EPS for the current fiscal year.
Apache Corporation (NYSE:APA) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids.
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