Analysts’ Recommendations for Apache before Its 4Q15 Earnings



Analysts’ recommendations for Apache Corporation

In the weeks leading up to Apache Corporation’s (APA) earnings release for the fourth quarter of 2015, Wall Street analysts provided target prices for the next 12 months.

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Consensus rating for Apache Corporation

Approximately 34% of analysts rate Apache a “buy,” ~56% rate it a “hold,” and ~10% rate it a “sell.” The average broker target price of $45.93 for APA implies a return of around 23% in the next 12 months. Upstream peers Hess Corporation (HES) and Anadarko Petroleum (APC) have average broker target prices of ~$55.50 and ~$58.80, respectively. These figures imply returns of ~36% and ~51%, respectively, in the next 12 months.

High, low, and median analyst target prices for Apache are $66, $30, and $43, respectively. Apache Corporation is a component of the Energy Select Sector SPDR ETF (XLE). XLE invests ~1.6% of its portfolio in the company.

Analysts’ target prices for APA

Raymond James gave Apache one of its most optimistic target prices of $55. This implies returns of around 47% in the next 12 months. Evercore ISI gave a target price of $50, implying returns of ~33% in the next 12 months.

J.P. Morgan (JPM) and Barclays (BCS) gave lower target prices of $43 each, implying returns of ~15% in the next 12 months. Capital One Securities provided a target price of $42, implying a return of ~12% in the next 12 months.

The lowest target prices were given by Wolfe Research and Jefferies, which gave Apache target prices of $34 and $30, respectively, implying negative returns of ~9% and 20%, respectively, over the next year.

For a detailed overview on Apache, please read Apache: A Key Investor Overview.


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