Stifel Nicolaus Remains a Hold on Apache

By Jason Carr

Stifel Nicolaus analyst Michael Scialla reiterated a Hold rating on Apache (NYSE: APA) on May 23 and set a price target of $64. The company’s shares closed yesterday at $48.19, close to its 52-week low of $46.09.

According to, Scialla is ranked 0 out of 5 stars with an average return of -9.7% and a 41.3% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Quicksilver Resources Inc, and Abraxas Petroleum Corp.

Currently, the analyst consensus on Apache is Moderate Sell and the average price target is $54.71, representing a 13.5% upside.

In a report issued on May 11, RBC Capital also reiterated a Hold rating on the stock with a $64 price target.

The company has a one year high of $69 and a one year low of $46.09. Currently, Apache has an average volume of 3.88M.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APA in relation to earlier this year. 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.