Clarkston Capital Puts Apache (APA) as 'Top Pick' for 2014

December 31, 2013 3:52 PM EST
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Price: $50.71 -0.39%

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    17 Buy, 22 Hold, 2 Sell

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    Up: 8 | Down: 13 | New: 18
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Clarkston Capital is out with a big call on Apache Corp. (NYSE: APA), saying the stock is its Top Pick for 2014.

Analyst Brian Foote commented that Apache's new China partner might be more than a one off for the company.

In the interim, Apache's liquefied nat gas partnership with Chevron (NYSE: CVX) might prove valuable.

Foote sees Apache's analyst day in February as a potential catalyst-rich event.

Clarkston Capital has Apache at Outperform with a price target of $110.

For an analyst ratings summary and ratings history on Apache Corp. click here. For more ratings news on Apache Corp. click here.

Shares of Apache Corp. closed at $86.16 yesterday, with a 52 week range of $67.91 to $94.84.

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