Piper Jaffray analyst Ryan Todd reiterated a Hold rating on Apache (APA) today and set a price target of $55. The company’s shares closed yesterday at $35.37, close to its 52-week low of $33.60.
According to TipRanks.com, Todd is a 1-star analyst with an average return of -0.4% and a 44.6% success rate. Todd covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Whiting Petroleum Corp, and Continental Resources.
Currently, the analyst consensus on Apache is a Hold with an average price target of $46.25, implying a 30.8% upside from current levels. In a report issued on November 12, BMO Capital also reiterated a Hold rating on the stock with a $37 price target.
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Apache’s market cap is currently $13.5B and has a P/E ratio of 15.45. The company has a Price to Book ratio of 1.77.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is neutral on the stock.
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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.
