Consensus ratings for Apache
Approximately 48.3% of the analysts rated Apache (APA) as a “hold,” ~17.2% rated it as a “buy,” and ~21% rated it as “underperform.”
The average target price of $47.55 for Apache implies a return of ~6.95% over the next 12 months. Whiting Petroleum (WLL) has a potential return of 10.51% over the next 12 months. Cimarex Energy (XEC) has a potential return of 30.56% during the same period. Carrizo Oil & Gas (CRZO) has potential returns of 9.54% over the next 12 months.
The highest target price provided by an analyst for Apache stock is $67, while the lowest target price provided for the stock is ~$31.
Recent upgrades and downgrades
On June 11, Argus upgraded Apache stock from “hold” to “buy.” On March 7, UBS initiated coverage on Apache stock with a “sell” rating.
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