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.

A number of analysts gave price targets for APA. The most optimistic price target was 92, implying potential capital gains of 83.96 percent. The minimum price target given was 30, implying a possible loss of -40.01 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain 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, which can be compared to the 8 analysts that decreased their estimates. 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. Currently the stock is 12.13 percent higher than its low, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.