Stifel Nicolaus analyst Michael Scialla reiterated a Hold rating on Apache (NYSE: APA) yesterday and set a price target of $51. The company’s shares closed yesterday at $46.13.
According to TipRanks.com, Scialla is a 1-star analyst with an average return of 0.0% and a 49.5% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Abraxas Petroleum Corp, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
Apache has an analyst consensus of Hold, with a price target consensus of $49.67, implying a 7.7% upside from current levels. In a report issued on August 7, BMO Capital also reiterated a Hold rating on the stock with a $41 price target.
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Apache’s market cap is currently $17.64B and has a P/E ratio of 20.59. The company has a Price to Book ratio of 2.31.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
