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RBC Capital Remains a Hold on APA (APA)

RBC Capital analyst Scott Hanold maintained a Hold rating on APA (APAResearch Report) on July 14 and set a price target of $50.00. The company’s shares closed last Monday at $32.80.

According to TipRanks.com, Hanold is a top 100 analyst with an average return of 24.5% and a 57.8% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, California Resources Corp, and Continental Resources.

Currently, the analyst consensus on APA is a Moderate Buy with an average price target of $54.18.

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Based on APA’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.67 billion and net profit of $1.81 billion. In comparison, last year the company earned revenue of $1.87 billion and had a net profit of $407 million.

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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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