In a report released yesterday, Michael Scialla from Stifel Nicolaus reiterated a Hold rating on Apache (APA), with a price target of $39. The company’s shares closed yesterday at $33.08.
According to TipRanks.com, Scialla ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -16.5% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sanchez Energy Corporation, and Jagged Peak Energy Inc.
Apache has an analyst consensus of Hold, with a price target consensus of $35.94, an 8.6% upside from current levels. In a report released yesterday, Seaport Global also reiterated a Hold rating on the stock.
See today’s analyst top recommended stocks >>
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 $1.64 billion and had a net profit of $456 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
