Is This Just A Random Move? – Apache Corporation (APA), Superior Energy Services, Inc. (SPN)

Apache Corporation (NYSE:APA) shares were trading lower by -1.17 percent ($-0.47) at $39.72 a piece in Tuesday’s session. It had closed the previous session at $40.19. APA trades with a P/S ratio of 2.66. This is lower than the both industry’s 84.71 and the wider sector’s 14.17. A low price-to-sales ratio, typically less than 1.0, is considered a good value. Also, it has an estimated price-earnings (P/E) multiple of 70.93 and a trailing 12-month price-earnings (P/E) multiple of 22.83. Shares of APA have downtrended -6.19% in the past three months, while the S&P 500 has moved -5.45% in that time. Apache Corporation (APA) has a market cap of $15.11 billion and over the last 12 months, Apache Corporation (NYSE:APA) has gone weaker by -40.53%. During the last 52 weeks, the (NYSE:APA) price has been as high as $69 and as low as $38.14. Apache Corporation earnings have declined with an annualized rate of -18.3% over the last 5 years.

Apache Corporation (Mean Target Price: $46.99)

The average 1-year price target for Apache Corporation (APA) — averaging the work of different analysts — reveals a mean PT of $46.99/share. That’s a potential 18.3 increase relative to where Apache Corporation (NYSE:APA) has been trading recently. The current price is seen ranging between $39.32 and $40.79. There are brokerage firms with lower targets than the average, including one setting a price target of $30. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $68.

Apache Corporation (APA) Consensus Recommendation

The collective rating of 3 for Apache Corporation (NYSE:APA) also leans strongly towards the neutral end of the spectrum. Of the 30 analysts surveyed by Reuters that track APA 15 of them rate its stock a hold. The other 15, though not evenly; between analysts who think you should buy Apache Corporation versus those who think you should sell it. A 7 analysts rate it as either a buy or a strong buy, while8 believe that investors should either steer clear of APA or, if they already own its stock, sell it.

Is Superior Energy Services, Inc. (NYSE:SPN) Cheap From Peers?

Superior Energy Services, Inc. (SPN) knifed -1.17 percent lower and now trades for $9.26. SPN comes in with a P/S ratio of 0.82 that’s below 1, potentially implying that it could be cheap relative to the overall sector (14.17) and its peers (2.27). . . During the last 52 weeks, the price has been as high as $19.28 and as low as $7.66. Superior Energy Services, Inc. (NYSE:SPN) earnings have declined with a quarterly rate of -5.9% over the last 5 years. Shares of SPN have sank -6.75% in the past three monthswhile the S&P 500 has dropped -4.11% in that time.

Superior Energy Services, Inc. (Price Objective: $10.84)

Superior Energy Services, Inc. (NYSE:SPN) has a market cap of $1.42 billion and over the last 12 months, SPN has declined by -49.12%. The average 1-year price target for (SPN) reveals an average price target of $10.84 per share. That’s a potential 17.06 gain from where (NYSE:SPN) has been trading recently. There are brokerage firms with lower targets than the average, including one setting a price target of $8. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $16.

Analyst Thoughts About Superior Energy Services, Inc. (NYSE:SPN)

The consensus recommendation — averaging the work of 28 analysts — of 2.4 for Superior Energy Services, Inc. (SPN) points to moderate case. Of the analysts surveyed by Reuters that track Superior Energy Services, Inc. 13 of them rate its stock a hold. The other 15 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. A 15 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NYSE:SPN) or, if they already own its stock, sell it.

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