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Analysts’ Target Price for Apache in the Next 12 Months

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Analysts’ targets for Apache

Most of the Wall Street analysts, or 46.7%, covering Apache (APA) stock have rated it as a “hold,” while ~20% of the analysts have rated the stock as a “buy.”

The average target price of ~$47.88 implies a potential return of~19.3% in the next 12 months.

The highest target price provided for the stock is $68, while the lowest target price is $26.

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Recent rating changes

On September 14, JP Morgan Chase downgraded Apache stock from “neutral” to “underweight.”

On June 21, 2017, Seaport Global Securities downgraded Apache stock to “sell” from “neutral.” In March 2017, Barclays downgraded its ratings for Apache from “equal weight” to “underweight.” In February, Macquarie downgraded its ratings for Apache from “neutral” to “underperform.”

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