UPDATE: Oppenheimer Downgrades Apache Corp. (APA) to Perform

April 18, 2013 6:41 AM EDT
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Price: $61.81 -0.66%

Rating Summary:
    15 Buy, 27 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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(Updated - April 18, 2013 8:31 AM EDT)

Oppenheimer downgraded Apache Corp. (NYSE: APA) from Outperform to Perform with a price target of $95.00. The downgrade relates to concerns in Egypt. Analyst Fadel Gheit thinks Apache should sell its Egypt operations and use the proceeds to buy back shares and payoff debt.

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 $71.45 yesterday.

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