New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 1, 2013
08:48 EDTAPAApache price target lowered to $95 from $105 at Oppenheimer
Oppenheimer reduced its price target on Apache as the firm is more pessimistic about the political outlook in Egypt than at any time in the past two years. The firm thinks that Apache should sell its operations in Egypt as it believes that the company's valuation would rise following such a deal. The firm maintains an Outperform rating on the stock.
News For APA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 2, 2016
15:16 EDTAPAS&P takes rating actions on U.S. investment-grade E&P companies
Subscribe for More Information
January 29, 2016
07:36 EDTAPAAnalysts still predicting mergers as oil slump drags on, WSJ reports
Bankers and analysts have been predicting a wave of merger activity will come almost since crude prices began to fall from over $100 a barrel, but the only big acquisition by an oil major so far has been Shell's (RDS.A) purchase of BG Group (BRGYY), said The Wall Street Journal, which added that analysts still believe deal-making is likely to return this year if prices continue to languish. With Chevron (CVX) set to report today and its big peers soon to follow, analysts are expecting the four biggest publicly traded Western oil companies to have their weakest combined profits since 1998, the Journal noted. The report noted that U.S. shale oil producers, such as Apache (APA) and Whiting Petroleum (WLL), were previously targeted though potential sellers were reluctant to accept offers as they hoped for a rebound in oil prices and potential buyers wondered if any deal struck would look expensive if crude prices fell further, but "both impediments are gone now," the Journal contends. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use