RBC Capital analyst Scott Hanold reiterated a Hold rating on Apache (APA) today and set a price target of $39. The company’s shares opened today at $28.37, close to its 52-week low of $24.56.
According to TipRanks.com, Hanold is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.0% and a 36.6% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Devon Energy Corp, and Conocophillips.
Currently, the analyst consensus on Apache is a Hold with an average price target of $39.13, which is a 37.9% upside from current levels. In a report released today, BMO Capital also reiterated a Hold rating on the stock with a $29 price target.
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Apache’s market cap is currently $10.81B and has a P/E ratio of 12.37. The company has a Price to Book ratio of 1.42.
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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.
