UBS Maintains a 'Buy' on Apache Corp. (APA); Annual Meeting Preview
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Price: $81.85 -1.82%
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade APA Now!
UBS maintains a 'Buy' on Apache Corp. (NYSE: APA) price target of $127.00 (from $136.00).
Analyst, William A. Featherston, said, "Thirteen months removed from its last Analyst Day, we expect this meeting to provide: 1) updated 2012 and long term production guidance; 2) revised ’12 capex (but it may shy away from longer term guidance); 3) a review of companywide assets with particular emphasis on Permian and Central region in US; 4) more detail on resource potential in Vaca Muerta shale in Argentina; & 5) possible unveiling of a new New Venture play...Expect little change to growth targets but possible upward creep to capex."
Featherston lowers his price target on APA, citing lower production growth assumptions, however, keeps his Buy rating, saying the stock is inexpensive versus peers.
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 $83.59 yesterday, with a 52 week range of $73.04-$129.26.
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Analyst, William A. Featherston, said, "Thirteen months removed from its last Analyst Day, we expect this meeting to provide: 1) updated 2012 and long term production guidance; 2) revised ’12 capex (but it may shy away from longer term guidance); 3) a review of companywide assets with particular emphasis on Permian and Central region in US; 4) more detail on resource potential in Vaca Muerta shale in Argentina; & 5) possible unveiling of a new New Venture play...Expect little change to growth targets but possible upward creep to capex."
Featherston lowers his price target on APA, citing lower production growth assumptions, however, keeps his Buy rating, saying the stock is inexpensive versus peers.
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 $83.59 yesterday, with a 52 week range of $73.04-$129.26.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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