Analysts’ targets for APA
In this part of the series, we’ll take a look at the high, low, average, and median analyst target prices for Apache (APA). APA’s high target price is $79. Its low target price is $45, and its average target price is $62.26.
Apache’s stock price on March 28, 2017, was $51.22. Its consensus target price of $60 indicates a return of ~18.0% over the next 12 months. APA is a component of the iShares Global Energy (IXC), which invests ~1.0% of its portfolio in APA.
Recent ratings upgrades and downgrades for APA stock
On February 3, 2017, Macquarie downgraded its ratings for APA from “neutral” to “underperform.” On March 2, 2017, Barclays downgraded its ratings for APA from “equal weight” to “underweight.”