Wells Fargo Sticks to Its Buy Rating for Apergy Corporation (APY)

By Jason Carr

In a report released today, Judson Bailey from Wells Fargo maintained a Buy rating on Apergy Corporation (APYResearch Report). The company’s shares closed yesterday at $32.27.

According to TipRanks.com, Bailey ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.9% and a 32.1% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Oil States International, and Propetro Holding Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Apergy Corporation with a $37 average price target, a 14.7% upside from current levels. In a report issued on June 25, Jefferies also maintained a Buy rating on the stock with a $37 price target.

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The company has a one-year high of $46.11 and a one-year low of $25.85. Currently, Apergy Corporation has an average volume of 535.3K.

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Apergy Corp. provides engineered equipment and technologies that help companies drill for and produce oil and gas. It operates through the following two segments: Production & Automation Technologies and Drilling Technologies.