Stifel Nicolaus Sticks to Their Hold Rating for Apache (APA)


Stifel Nicolaus analyst Michael Scialla reiterated a Hold rating on Apache (APA) yesterday and set a price target of $45. The company’s shares opened today at $35.37, close to its 52-week low of $33.60.

According to TipRanks.com, Scialla is ranked 0 out of 5 stars with an average return of -13.0% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Abraxas Petroleum Corp, Jagged Peak Energy Inc, and Whiting Petroleum Corp.

Apache has an analyst consensus of Hold, with a price target consensus of $46.42, representing a 31.2% upside. In a report issued on November 12, BMO Capital also reiterated a Hold rating on the stock with a $37 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 3.61M.

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.

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