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Apache Corporation: Most Analysts Say ‘Hold’ after 4Q15 Results

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Mar. 1 2016, Updated 7:06 p.m. ET

Analysts’ recommendations for Apache Corp

Following Apache’s (APA) 4Q15 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.

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Consensus rating for Apache

Approximately 31% of analysts rated APA a “buy,” 60% rated it a “hold,” and ~9% rated it a “sell.” The average broker target price of $45.75 for APA implies a return of around 16% over the next 12 months. Upstream peers like Hess Corporation (HES), Marathon Oil (MRO), and Anadarko Petroleum (APC) have average broker target prices of ~$55.48, $14.08, and ~$57.38, respectively. These figures imply returns of ~41%, 75%, and ~50%, respectively, in the next 12 months.

The 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 $52. This target implies returns of around 33% in the next 12 months. Evercore ISI gave a target price of $48, implying returns of ~23% in the next 12 months.

Barclays (BCS) gave a lower target price of $43, implying returns of ~10% in the next 12 months. Capital One Securities provided a target price of $42, implying a return of ~8% over the next 12 months.

The lowest target price came from Jefferies, which gave Apache target prices of $30, implying returns of about -23% over the next year.

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

 

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