What analysts are targeting for Apache
Let’s take a look now at what analysts are targeting for Apache (APA). We’ll look at their high, low, average, and median analyst target prices. APA’s high target price stands at $75. Its low target price is $41, and its median target price is ~$57.
Apache stock on July 25, 2016, was $52.39. Compared to its current level, Apache’s consensus target price of $57 indicates a return of ~9% over the next 12 months.
In comparison, Apache’s peers Oasis Petroleum (OAS) and Newfield Exploration (NFX) have implied returns of 31% and 13%, respectively, over the next 12 months from median analyst targets. These companies make up 6.2% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).