Analysts’ ratings for Apache
Approximately 52% of analysts have rated Apache (APA) a “hold.” The average broker target price of $51.21 implies a potential return of ~13.2% in the next 12 months.
Analysts’ high and low target prices for Apache are $92 and $30, respectively. APA is a component of the iShares U.S. Oil & Gas Exploration & Production ETF (IEO), which invests ~4.4% of its portfolio in APA.
APA stock’s recent rating changes
In late June, Seaport Global downgraded APA to “neutral.” In April, Stifel Nicolaus initiated coverage on the stock with a “hold” rating. In March, Barclays downgraded the stock to “underweight.”