Apache Corporation (NYSE:APA) target bumped up to $64.00, issued a ratings update earlier today by Mitsubishi UFJ Financial Group
- Updated: September 26, 2016
Stating as possible upside of 0.05%, Mitsubishi UFJ Financial Group bumped up the target of Apache Corporation (NYSE:APA) to $64.00
Previously on 9/13/2016, Barclays Capital reported about Apache Corporation (NYSE:APA) raised the target price from $50.00 to $58.00. At the time, this indicated a possible downside of -0.02%.
Yesterday Apache Corporation (NYSE:APA) traded 1.73% higher at $60.96. The company’s 50-day moving average is $54.05 and its 200-day moving average is $53.51. The last stock close price is up 14.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,187,431 shares of the stock were exchanged, down from an average trading volume of 3,685,630
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Apache Corporation has a one year low of $32.20 and a one year high of $62.19 Apache Corporation’s market capitalization is presently $0.
A total of 31 brokerages have released a report on Apache Corporation. Four brokerages rating the company a strong buy, seven brokerages rating the company a buy, eighteen brokerages rating the company a hold, two brokerages rating the company a underperform, and finally two brokerages rating the company a sell with a 12-month price target of $56.23.
General Company Details For 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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