In a report released today, Peter Kissel from Scotiabank reiterated a Hold rating on Apache (NYSE: APA), with a price target of $55. The company’s shares opened today at $47.72, close to its 52-week high of $49.59.
Kissel has an average return of 18.6% when recommending Apache.
According to TipRanks.com, Kissel is ranked #372 out of 4878 analysts.
Currently, the analyst consensus on Apache is a Hold with an average price target of $49.44, which is a 3.6% upside from current levels. In a report issued on September 18, Edward Jones also downgraded the stock to Hold.
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Apache’s market cap is currently $18.06B and has a P/E ratio of 21.08. The company has a Price to Book ratio of 2.36.
Based on the recent corporate insider activity of 61 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.
