Apache stock rating price target by Morgan Stanley : Apache (NYSE: APA) was downgraded by research analysts at Morgan Stanley to an “equal weight” rating in a report released on Thursday, Stock Ratings Network.com reports. Shares of Apache (NYSE: APA) opened at 71.45 on Thursday. Apache has a 52 week low of $70.52 and a 52 week high of $98.20. The stock’s 50-day moving average is currently $74.83. The company has a market cap of $27.991 billion and a P/E ratio of 14.44.
Apache (NYSE: APA) last announced its earnings results on Thursday, February 14th. The company reported $2.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.30 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the company posted $2.94 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Apache will post $9.19 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer downgraded shares of Apache from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Apache in a research note to investors on Wednesday. They now have a $101.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Apache in a research note to investors on Tuesday. They now have a $111.00 price target on the stock, down previously from $113.00.
Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $96.75.
Apache Corporation (NYSE: APA) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids.