Barclays Capital Cuts Price Target on Apache (APA)
Analysts at Barclays Capital (NYSE: BCS) decreased their price target on shares of Apache (NYSE: APA) from $138.00 to $132.00 in a research report issued to clients and investors on Monday. The firm currently has an “overweight” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at UBS AG (NYSE: UBS) cut their EPS estimates on shares of Apache in a research note on Friday. They now have a “buy” rating and a $136.00 price target on the stock. Separately, analysts at RBC Capital (NYSE: RY) cut their price target on shares of Apache from $126.00 to $112.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of Apache from $127.50 to $122.00 in a research note to investors on Thursday, April 5th.
Apache opened at 87.84 on Monday. Apache has a 52-week low of $73.04 and a 52-week high of $129.26. The company has a market cap of $33.731 billion and a price-to-earnings ratio of 8.28.
Apache last posted its quarterly earnings results on Thursday, May 3rd. The company reported $3.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by $0.08. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts expect that Apache will post $3.12 EPS next quarter.
Apache Corporation (Apache) is an independent energy company, which explores for, develops and produces natural gas, crude oil and natural gas liquids.