In a report released today, Phillip Jungwirth from BMO Capital reiterated a Hold rating on Apache (APA), with a price target of $29. The company’s shares opened today at $28.37, close to its 52-week low of $24.56.
According to TipRanks.com, Jungwirth is a 1-star analyst with an average return of -3.3% and a 40.5% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Whiting Petroleum Corp, and Continental Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Apache with a $39.67 average price target.
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Apache’s market cap is currently $10.81B and has a P/E ratio of 12.37. The company has a Price to Book ratio of 1.42.
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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.
