Citigroup analyst Robert S Morris maintained a Hold rating on Apache (APA) today and set a price target of $35. The company’s shares closed yesterday at $33.73.
According to TipRanks.com, Morris is a 4-star analyst with an average return of 7.3% and a 56.1% success rate. Morris covers the Basic Materials sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Chesapeake Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Apache with a $35.20 average price target, which is a 4.4% upside from current levels. In a report issued on February 27, Stifel Nicolaus also reiterated a Hold rating on the stock with a $36 price target.
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The company has a one-year high of $50.03 and a one-year low of $24.56. Currently, Apache has an average volume of 5.09M.
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Apache Corp. operates as an energy company, which engages in the exploration, development and production of natural gas, crude oil, and natural gas liquids. It operates through the following business segments: the United States, Canada, Egypt, North Sea, and Other International.
