TD Cowen Reiterates Hold Rating on Apache Corp. (APA)

TD Cowen analyst David Deckelbaum reiterated a Hold rating and $36.00 price target on Apache Corp. (NASDAQ: APA).

The analyst commented, "We adjust our model post APA's supplemental 8k. Gas pricing reflected known weakness at $0.15/Mcf domestically. Accordingly, the company curtailed 103 MMcf/d of natural gas along with 10 Mboe/d of associated NGLs, 20% more than July guidance of 90 MMcf/d and 7.5 Mboe/d, respectively. APA repo'd 0.1mm shares in the quarter at an average price of $29.32."

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 $26.33 yesterday.

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