Apache Corporation (NYSE:APA) plunged -1.74% during previous trade, a total of 2.71M shares exchanged hands compared with its average trading volume of 3.08M shares. The stock has a market capitalization of $22.35B along with 378.53M outstanding shares. On year trading price range hit the peak level of $59.59 and touched the lowest level of $32.19.
Most recently the company’s price target was revised on 07/13/16 and according to 31 analysts stock’s price will reach at $57.00 during 52 weeks with standard deviation of 8.10. Stock’s minimum price target estimates has been figured out at $40.00 while the maximum price target forecast is established at $70.00, if we look at the price target with an optimistic approach it has upside potential of 24% from its latest closing price of $56.54.
Historically, if we look at price target revisions during last one month, three weeks ago stock’s price target was revised on 06/20/16 by the analysts. The bullish price estimates of the stock is set at $66.00 while the bearish estimates kept at $40.00 over the next one year. Stock’s 52-week target was retained at $55.83, the estimates indicates a standard deviation of 8.09. After that the stock’s target price was revised on 06/23/16, approximately two weeks ago. Apache Corporation (NYSE:APA) highest price target was set at $66.00 and lowest target was at $40.00. The company’s one year price target was secure at $55.92 and its standard deviation of 7.75. Moreover one week ago on 06/05/16 the company’s price target was revised at $56.31 with 52 week price target range of $70.00 – $40.00. The estimates signifies a standard deviation of 8.34.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.60. ABR value is precisely based on brokerage recommendations, where out of 15 brokerage recommendations 4 rate Apache Corporation (NYSE:APA) stock a Strong Buy, 1 rate the stocks of the company a Buy, 7 rate Hold, 3 rate Sell and 0 recommend a Strong Sell. Most recently on 5/16/2016 the stock of Apache Corporation (NYSE:APA) upgraded by Scotia Howard Weil from Sector Perform to Sector Outperform. However previously on 4/8/2016 it was upgraded by Wells Fargo from Market Perform to Outperform. A research note issued on 3/23/2016 the stock was downgraded by CapitalOne from Overweight to Equal Weight.
Apache Corporation (NYSE:APA) performance over the past one year advanced 6.30%, during the last six months the stock rose 61.53%. Quarterly performance of the company shows optimistic momentum of 8.27% while its last one month trend is positive with 5.01%. Stock’s weekly performance expressed up trend of 2.24%.
According to consensus agreement of 26 analysts Apache Corporation (NYSE:APA) will report earnings per share of $-0.29 in their quarterly report and it is expected to announce the company’s results on 8/4/16. For the current quarter the company has high EPS estimates of $0.28 in contradiction of low EPS estimates of $-1.25. However a year ago for the same quarter the company has reported $0.22 EPS.