Yahoo Finance What Do Analysts Recommend for Apache after Its 1Q16 Results?
Apache's 1Q16 Results: What Caused Its Stock to Jump?
Analysts’ recommendations for Apache
Following Apache Corporation’s (APA) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.
Consensus rating for Apache
About 33.3% of Wall Street analysts rate Apache as a “buy,” while ~54.6% rate it as a “hold,” and ~12.1% rate it as a “sell.” The average broker target price of $49.59 for Apache implies a return of around -9.5% in the next 12 months.
Upstream peers EP Energy (EPE), Cimarex Energy (XEC), and Newfield Exploration (NFX) have average broker target prices of $4.21, $110.72, and $41.13, respectively. These figures imply returns of ~-71%, ~-2.6%, and 11.2%, respectively, in the next 12 months.
Analysts’ high, low, and median target prices for APA are $65, $33, and $53, respectively.
Apache is a component of the Guggenheim S&P 500 Equal Weight Energy ETF (RYE). RYE invests ~1.6% of its holdings in the company.
Analysts’ target prices for APA
Societe General gave APA one of the most optimistic target prices of $60, implying a return of around 9.4% in the next 12 months.
Evercore ISI and RBC Capital Markets also gave APA optimistic target prices of $58 and $56, respectively, implying returns of ~5.8% and 2.1%, respectively, in the next 12 months.
Scotia Howard Weil gave Apache a lower target price of $46, implying a return of ~-16% in the next 12 months.
One of the lowest target prices was given by Morgan Stanley (MS), which gave Apache a target of $34, implying a return of ~-40% in the next 12 months.
Browse this series on Market Realist:
