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.

Several price targets were given for APA by the analysts covering the stock. The most optimistic analyst gave a price target of 92, implying potential capital gains of 83.96 percent. The minimum price target given was 30, which equates to a potential downside of -40.01 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -93.46 percent. The average change in earnings estimates over the last 90 days is -96.19 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -48.39 percent. 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.

APA has traded between a high of 69.00 and a low of 44.60 over the past year. Today's price is 12.13 percent above the 52-week low, and 27.52 percent lower than its 52-week high. APA has a price/earnings 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 stock has a market capitalization of $19.1 billion. APA will post this quarters earnings in days, on 0000-00-00.