Stifel Nicolaus analyst Michael Scialla reiterated a Hold rating on Apache (APA) yesterday and set a price target of $36. The company’s shares closed yesterday at $33.56.
According to TipRanks.com, Scialla is ranked 0 out of 5 stars with an average return of -16.8% and a 23.3% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Matador Resources, and Cimarex Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Apache with a $34.93 average 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 $1.64 billion and had a net profit of $456 million.
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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.
