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APA (APA) Receives a Rating Update from a Top Analyst

RBC Capital analyst Scott Hanold maintained a Hold rating on APA (APAResearch Report) on August 23 and set a price target of $50.00. The company’s shares closed yesterday at $40.40.

Hanold covers the Utilities sector, focusing on stocks such as Range Resources, California Resources Corp, and APA. According to TipRanks, Hanold has an average return of 32.3% and a 68.60% success rate on recommended stocks.

In addition to RBC Capital, APA also received a Hold from Piper Sandler’s Mark Lear in a report issued on August 16. However, on August 18, Mizuho Securities maintained a Buy rating on APA (NASDAQ: APA).

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APA market cap is currently $13.63B and has a P/E ratio of 4.53.

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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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