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Cowen & Co. Sticks to Their Hold Rating for Apergy Corporation (APY)


In a report released today, Marc Bianchi from Cowen & Co. reiterated a Hold rating on Apergy Corporation (APY), with a price target of $40. The company’s shares closed on Friday at $34.28, close to its 52-week low of $33.35.

According to TipRanks.com, Bianchi has 0 stars on 0-5 star ranking scale with an average return of -14.8% and a 25.0% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apergy Corporation with a $46 average price target.

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The company has a one-year high of $46.11 and a one-year low of $33.35. Currently, Apergy Corporation has an average volume of 528.1K.

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Apergy Corp. provides technologies that help companies drill for and produce oil and gas. Its products include artificial lift equipment and solutions, rod pumping systems, electric submersible pump systems, gas lift systems, hydraulic lift and pump services, progressive cavity pumps and drive systems and plunger lift systems, and polycrystalline diamond cutters for drilling. The firm operates through two segments: Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment manufacture, market and service a full range of artificial lift equipment, end-to-end automation solutions, and other production equipment. The Drilling Technologies segment design, manufacture and market PDCs for use in oil and gas drill bits under the U.S. Synthetic brand. The company was founded on October 10, 2017 and is headquartered in The Woodlands, TX.