Morgan Stanley analyst Devin McDermott maintained a Sell rating on Apache (APA) today and set a price target of $35. The company’s shares opened today at $35.62, close to its 52-week low of $33.60.
According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.0% and a 35.5% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Gulfport Energy Corp, and Occidental Petroleum.
The word on The Street in general, suggests a Hold analyst consensus rating for Apache with a $47.17 average price target, implying a 32.4% upside from current levels. In a report issued on November 15, Jefferies also maintained a Sell rating on the stock with a $31 price target.
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The company has a one-year high of $50.03 and a one-year low of $33.60. Currently, Apache has an average volume of 3.45M.
Based on the recent corporate insider activity of 62 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.
