What Analysts Recommend for APA after Its 3Q16 Earnings Release

Approximately 32% of analysts rate Apache (APA) as a “buy,” and 56% rate it as a “hold.” The remaining 12% rate it as a “sell.” The average broker target price of $63.27 for APA implies a potential return of ~13% in the next 12 months.

Analysts’ high, low, and median target prices for Apache are $77, $42, and $62.5, respectively. APA is a component of the iShares Global Energy ETF (IXC), which invests ~1% of its portfolio in APA.