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

August 3, 2012 12:21 PM EDT Send to a Friend
Get Alerts APA Hot Sheet
Price: $75.38 -0.92%

Rating Summary:
    16 Buy, 18 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 26 | New: 14
Trade APA Now!
Join SI Premium – FREE
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

UBS

Add Your Comment