In this part of the series, we’ll see what analysts are targeting for Apache (APA) in the next year. Apache’s high target price stands at $73. Its low target price is $41, while its average target price is ~$60.06.
On April 26, 2017, Apache stock was trading at $50.25. Compared to its current level, Apache’s average target price of $60.06 indicates a return of ~19.5% over the next 12 months. Apache makes up 4.4% of the iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
Read Alpine High: The Motor Driving Apache’s Permian Growth Engine? to learn more about Apache stock.
On February 3, 2017, Macquarie downgraded its ratings for Apache from “neutral” to “underperform.” On March 2, 2017, Barclays downgraded its ratings for Apache from “equal weight” to “underweight.”