A report released today by Mitsubishi UFJ about Apache Corporation (NYSE:APA) ups the target price to $64.00
- Updated: September 26, 2016
Apache Corporation (NYSE:APA) had its price target upped to $64.00 by Mitsubishi UFJ in a report released 9/26/2016. The new stock price target implies a possible upside of 0.05% based on the company's most recent stock price close.
On 9/13/2016, Barclays Capital released a statement for Apache Corporation (NYSE:APA) bumped up the target price from $50.00 to $58.00 that suggested a downside of -0.02%.
Displaying a price of $61.04, Apache Corporation (NYSE:APA) traded 1.73% higher on the day. The last stock price close is up 14.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. APA has recorded a 50-day moving average of $54.05 and a 200-day moving average of $53.51. 1,187,431 shares of the stock were exchanged, down from an average trading volume of 3,685,630
Recent Performance Chart
Apache Corporation has 52 week low of $32.20 and a 52 week high of $62.19 and has a market capitalization of $0.
A total of 31 brokers have issued a report on the company. Four firms rating the stock a strong buy, 7 analysts rating the company a buy, 18 brokers rating the company a hold, two brokerages rating the stock a underperform, and finally 2 brokers rating the stock a sell with a average stock price target of $56.23.
Brief Synopsis About Apache Corporation (NYSE:APA)
Apache Corporation (Apache) is an independent energy company. Both domestically and internationally, the Company explores for, develops and produces natural gas, crude oil and natural gas liquids. The Company has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom (North Sea). Apache also pursues exploration interests in other countries. Apache's North American assets are primarily located in the Permian Basin, the Anadarko basin in western Oklahoma and the Texas Panhandle, Gulf Coast and the offshore Gulf of Mexico areas of the United States, and in Western Canada. The Company has access to liquid hydrocarbons across its approximately 10.7 million gross acres onshore in the United States and Canada. Apache's international assets are located in Egypt and offshore of the United Kingdom in the North Sea. Its international assets contribute approximately 40% of its production.
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