Apache Receives a Sell from BarclaysBy Austin Angelo
According to TipRanks.com, Driscoll is a 4-star analyst with an average return of 4.2% and a 53.9% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Continental Resources, and Occidental Petroleum.
Apache has an analyst consensus of Moderate Sell, with a price target consensus of $60.25.
Based on Apache’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.46 billion and GAAP net loss of $182 million. In comparison, last year the company earned revenue of $1.06 billion and had a GAAP net loss of $489 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is neutral on the stock. Most recently, in November 2016, James L. House, the Sr. RVP – Houston Region of APA sold 8,000 shares for a total of $506,960.
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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 has exploration and production interests in four countries: the United States, Canada, Egypt, and the United Kingdom. The company was founded by Truman Anderson, Raymond Plank, and Charles Arnao on December 6, 1954 and is headquartered in Houston, TX.