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Apache Corporation (APA) [hlAlert]

Rating:
Hold APA
up 8.01 %

Apache Corporation (APA) downgraded to Hold by Argus

Posted on: Tuesday,  Dec 15, 2015  8:25 AM ET by Argus

Argus rated Hold Apache Corporation (NYSE: APA) on 12/15/2015. Previously Argus rated Buy Apache Corporation (NYSE: APA) on 09/15/2015., when
the stock price was $40.66. Since then, Apache Corporation has gained 8.02% as of 12/15/2015's recent price of $43.92.
If you would have followed the previous Argus's recommendation on APA, you would have gained 8.01% of your investment in 91 days.

Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. In North America, Apache's exploration and production interests are focused on the Gulf of Mexico, the Anadarko Basin, the Permian Basin, the Gulf Coast and the Western Sedimentary Basin of Canada. Outside of North America, Apache has exploration and production interests offshore Western Australia and in Egypt, and exploration interests in Poland and offshore The People's Republic of China.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/15/2015 8:25 AM Hold
None
43.92
as of 8/27/2015
1 Week down  -3.97 %
1 Month down  -27.28 %
3 Months down  -31.67 %
1 YTD down  -50.20 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/15/2015 8:25 AM Buy
None
40.66 65.00
3/4/2015 8:25 AM Buy
None
66.51 79.00
9/19/2014 8:25 AM Buy
None
97.62 112.00
11/14/2013 2:25 PM Buy
None
92.40 101.00
9/5/2013 8:25 AM Buy
None
85.83 98.00
7/5/2013 8:25 AM Buy
None
81.59 95.00
3/8/2011 8:25 AM Hold
None
121.23
12/7/2010 8:25 AM Sell
None
117.40

(*) Stock Price at the time of the recommendation.
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