UBS Cuts Numbers on Apache Corp. (APA) After Q2 Miss

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UBS maintains a 'Buy' on Apache Corp. (NYSE: APA) price target of $120.00 (from $127.00).

Analyst, William A. Featherston, said, "Q2 clean EPS/CFPS of $2.07/$5.39 were below UBSe $2.36/$5.73 & consensus of $2.53/$6.20 due to lower prod’n & price realizations & higher costs...We’ve cut 2012E production from 794 MBoed to 784 MBoed & lowered 2012-13 EPS/CFPS to $9.35/$22.95 & $9.20/$24.45 from $10.20/$23.75 & $10.00/$25.10."

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 $82.58 yesterday, with a 52 week range of $73.04-$120.42.

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