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Rating: APA

Apache Corporation (NYSE: APA) upgraded to Buy by Citigroup

Friday,  Jul 17, 2015  12:25 PM ET by Kristen Bailey

Citigroup upgraded Apache Corporation (NYSE: APA) to Buy with today's price of
$51.45. Citigroup rated Apache Corporation (NYSE: APA) to Neutral on 12/12/2013, when the price was $86.03. Apache Corporation's stock price lost 40% since then.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

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