Analyst Ratings for Apache Corp. (APA)

Updated: 2017-07-28

Analysts covering Apache Corp. (NYSE:APA) have given it a consensus rating of Hold. A consensus rating of Hold was previously issued for APA last month.

3 analysts declared APA a buy, 4 gave an overweight rating, 17 issued a hold rating, 1 issued an underweight rating, and 6 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 1 in the number of analysts with a negative outlook on the stock.

APA was given price targets by several analysts. The most optimistic price target was 92, which equates to a potential upside of 83.96 percent. The minimum price target given was 30, which equates to a potential downside of -40.01 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -93.46 percent. That number becomes -96.19 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -48.39 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -62.05 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 8 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 8 analysts that revised their FY estimates downwards.

In the trailing 52-weeks, APA hit 69.00 at the highest peak, while it's lowest trading point was 44.60. The current market price is above the trailing year's low by 12.13 percent, and 27.52 percent below the high. APA has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The APA value stock report compares APA to some of its peers using value stock charts. The market cap of APA is $19.1 billion. APA's next earnings release will be on 0000-00-00, which is days away.