Apache (APA) Receives a Buy from Raymond James

In a report released today, John Freeman from Raymond James maintained a Buy rating on Apache (APA), with a price target of $25.00. The company’s shares closed last Monday at $21.76, close to its 52-week low of $19.44.

According to TipRanks.com, Freeman has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.1% and a 25.3% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Occidental Petroleum.

Apache has an analyst consensus of Hold, with a price target consensus of $26.60.

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The company has a one-year high of $42.91 and a one-year low of $19.44. Currently, Apache has an average volume of 5.62M.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APA in relation to earlier this year.

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, Egypt, and North Sea.

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