A report released today by Zacks Investment Research about Apache Corporation (NYSE:APA) ups the target price to $69.00
- Updated: October 17, 2016
Boasting a price of $61.64, Apache Corporation (NYSE:APA) traded -0.22% lower on the day. With the last stock price close up 12.03% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Apache Corporation has recorded a 50-day average of $59.04 and a two hundred day average of $55.02. Volume of trade was down over the average, with 2,444,143 shares of APA changing hands under the typical 4,029,900
In a report announced on 10/17/2016 Zacks Investment Research bumped up the target of Apache Corporation (NYSE:APA) to $69.00 reporting a potential upside of 0.12%.
On 9/26/2016, Mitsubishi UFJ Financial Group released a statement for Apache Corporation (NYSE:APA) bumped up the target price from $0.00 to $64.00 that suggested an upside of 0.05%.
With a total market value of $0, Apache Corporation has with a one year low of $32.20 and a one year high of $66.00 .
A total of 31 equity analysts have released a ratings update on APA. Four equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, eighteen equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally two equity analysts rating the company a sell with a one year 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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