Apache Receives Average Rating of “Hold” from Brokerages (NYSE:APA)
Shares of Apache (NYSE:APA) have earned an average rating of “Hold” from the twenty-four brokerages that are currently covering the company, StockRatingsNetwork.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $108.12.
A number of research firms have recently commented on APA. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Apache in a research note on Monday, August 4th. They now have a $110.00 price target on the stock, up previously from $90.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Apache in a research note on Wednesday, July 23rd. They now have a $108.00 price target on the stock, up previously from $94.00. Finally, analysts at RBC Capital raised their price target on shares of Apache from $102.00 to $110.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock.
Apache (NYSE:APA) opened at 100.38 on Wednesday. Apache has a 1-year low of $75.07 and a 1-year high of $104.57. The stock’s 50-day moving average is $100.1 and its 200-day moving average is $89.19. The company has a market cap of $38.345 billion and a P/E ratio of 32.12.
Apache (NYSE:APA) last released its earnings data on Thursday, July 31st. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.01. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. Analysts expect that Apache will post $6.83 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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