Mizuho Securities analyst Paul Sankey reiterated a Hold rating on Apache (APA) on November 28 and set a price target of $40. The company’s shares opened today at $36.40.
According to TipRanks.com, Sankey is a 1-star analyst with an average return of -3.1% and a 37.9% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Valero Energy Corp.
Apache has an analyst consensus of Hold, with a price target consensus of $44.21, which is a 21.5% upside from current levels. In a report issued on November 16, Piper Jaffray also maintained a Hold rating on the stock with a $57 price target.
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Based on Apache’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.98 billion and net profit of $81 million. In comparison, last year the company earned revenue of $1.39 billion and had a net profit of $63 million.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative 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.
