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Stifel Nicolaus Maintains a Buy Rating on APA (APA)

In a report issued on July 22, Michael Scialla from Stifel Nicolaus maintained a Buy rating on APA (APAResearch Report), with a price target of $53.00. The company’s shares closed last Friday at $32.41.

According to TipRanks.com, Scialla is a 1-star analyst with an average return of -2.6% and a 33.1% success rate. Scialla covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Matador Resources, and Civitas Resources.

APA has an analyst consensus of Moderate Buy, with a price target consensus of $52.88, a 58.9% upside from current levels. In a report issued on July 20, MKM Partners also initiated coverage with a Buy rating on the stock with a $45.00 price target.

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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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