Morgan Stanley analyst Devin McDermott maintained a Sell rating on Apache (NYSE: APA) today and set a price target of $43. The company’s shares closed yesterday at $44.63.
According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.7% and a 31.8% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Gulfport Energy Corp, and Southwestern Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Apache with a $50.40 average price target.
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Apache’s market cap is currently $17.07B and has a P/E ratio of 19.92. The company has a Price to Book ratio of 2.23.
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.
