Apache Corporation (NYSE:APA) has coverage initiated with a Hold rating and $42.00 price target

ME Staff
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Analyst Ratings For Apache Corporation (NYSE:APA)

Today, Morgan Stanley initiated coverage on Apache Corporation (NYSE:APA) with a Underweight with a price target of $42.00.

There are 7 sell ratings, 8 hold ratings, 3 buy ratings, 0 strong buy ratings on the stock.

The current consensus rating on Apache Corporation (NYSE:APA) is Hold with a consensus target price of $42.0667 per share, a potential 10.09% downside.

Some recent analyst ratings include

  • 7/12/2018-Morgan Stanley initiated coverage with a Underweight rating.
  • 6/11/2018-Argus Upgrade from a “Hold ” rating to a ” Buy” rating.
  • 3/7/2018-UBS Group initiated coverage with a Sell rating.

Recent Insider Trading Activity For Apache Corporation (NYSE:APA)
Apache Corporation (NYSE:APA) has insider ownership of 0.59% and institutional ownership of 98.21%.

  • On 6/5/2018 John E Lowe, Director, bought 2,500 with an average share price of $38.35 per share and the total transaction amounting to $95,875.00.
  • On 3/2/2018 John E Lowe, Director, bought 2,500 with an average share price of $33.80 per share and the total transaction amounting to $84,500.00.
  • On 12/13/2017 John E Lowe, Director, bought 3,000 with an average share price of $40.02 per share and the total transaction amounting to $120,060.00.
  • On 12/1/2017 P Anthony Lannie, Insider, sold 19,514 with an average share price of $44.04 per share and the total transaction amounting to $859,396.56.
  • On 8/23/2017 Charles J Pitman, Director, bought 100 with an average share price of $39.63 per share and the total transaction amounting to $3,963.00.
  • On 8/17/2017 John E Lowe, Director, bought 2,000 with an average share price of $40.32 per share and the total transaction amounting to $80,640.00.
  • On 8/11/2017 George D Lawrence, Director, bought 900 with an average share price of $42.49 per share and the total transaction amounting to $38,241.00.

About Apache Corporation (NYSE:APA)
Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region. It also holds onshore assets in Egypt's Western desert; and offshore assets in the North Sea region, including the United Kingdom. As of December 31, 2017, the company had total estimated proved reserves of 1.2 billion barrel of oil equivalent, including 583 million barrels of crude oil, 204 million barrels of NGLs, and 2.3 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.

Recent Trading Activity for Apache Corporation (NYSE:APA)
Shares of Apache Corporation closed the previous trading session at 46.70 −0.98 2.06% with 47.2 shares trading hands.