What Analysts Recommend for Apache after 2Q16 Earnings



Consensus rating for Apache

Approximately 33% of analysts rate Apache (APA) a “buy,” and 55% rate it a “hold.” The remaining 12% rate it a “sell.” The average broker target price of $56.90 for APA implies a return of around ~14.6% in the next 12 months.

Upstream peers Anadarko Petroleum (APC) and Hess (HES) have implied returns of ~26.4% and 20.5%, respectively, in the next 12 months.

High, low, and median analyst target prices for Apache are $75, $41, and $56, respectively. APA is a component of the iShares Global Energy ETF (IXC), which invests ~1% of its portfolio in APA.

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