BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Apache (APA) yesterday and set a price target of $37. The company’s shares opened today at $36.07, close to its 52-week low of $33.60.
According to TipRanks.com, Jungwirth is a 3-star analyst with an average return of 2.1% and a 46.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Continental Resources, Anadarko Petroleum, and Antero Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Apache with a $47.83 average price target, which is a 32.6% upside from current levels. In a report issued on November 2, Macquarie also upgraded the stock to Hold with a $37 price target.
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Apache’s market cap is currently $13.76B and has a P/E ratio of 15.74. The company has a Price to Book ratio of 1.81.
Based on the recent corporate insider activity of 63 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.
