APA (APA) Receives a Buy from Stifel Nicolaus

Stifel Nicolaus analyst Michael Scialla maintained a Buy rating on APA (APAResearch Report) on April 22 and set a price target of $51.00. The company’s shares closed last Monday at $39.08.

According to TipRanks.com, Scialla is a 1-star analyst with an average return of -0.2% and a 36.8% success rate. Scialla covers the Utilities sector, focusing on stocks such as Whiting Petroleum Corporation, Occidental Petroleum, and Civitas Resources.

APA has an analyst consensus of Strong Buy, with a price target consensus of $52.67, a 34.8% upside from current levels. In a report issued on April 7, Bank of America Securities also reiterated a Buy rating on the stock.

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The company has a one-year high of $45.22 and a one-year low of $15.55. Currently, APA has an average volume of 9.19M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock.

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Apache Corp. operates as an energy company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company was founded by Truman Anderson, Raymond Plank, and Charles Arnao on December 6, 1954 and is headquartered in Houston, TX.

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