J.P. Morgan Sticks to Its Hold Rating for APA (APA)

In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Hold rating on APA (APAResearch Report), with a price target of $54.00. The company’s shares closed yesterday at $41.49.

According to TipRanks, Jayaram is a 5-star analyst with an average return of 13.0% and a 57.44% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Ovintiv, EQT, and Hess.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for APA with a $54.62 average price target.

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APA market cap is currently $13.55B and has a P/E ratio of 4.67.

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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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