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What Wall Street Expects for Apache in the Next 12 Months

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Jul. 24 2017, Updated 6:40 a.m. ET

Analysts’ targets for APA

A 60% majority of Wall Street analysts covering APA’s stock have rated it a “hold.” The average target price for APA ~$51.24, implying a potential return of 3.8% in the next 12 months.

The high target price for the stock is $75 while its low target price is $30.

Apache is a part of the iShares U.S. Oil & Gas Exploration & Production ETF (IEO), and it makes up 4.4% of the ETF.

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Recent rating changes

On June 21, 2017, Seaport Global Securities downgraded APA from “neutral” to “sell.” In April, Stifel initiated coverage on the stock. In March 2017, Barclays downgraded its ratings for Apache from “equal weight” to “underweight.” In February, Macquarie had downgraded its ratings for Apache from “neutral” to “underperform.”

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