Opinions
John Stephenson
Apache Corp
APA-N
TOP PICK
Oct 16, 2003
Extremely good operator. High impact properties coming on. Sees a lot of upside because of this. Likes the diversified international story and the oil focus.
$70.500
Stock price when the opinion was issued
oil
gas
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
The 400,000 boed oil and gas producer with production in the US Permian, Egypt, and the North Sea recently reported a 42% increase in net income. It trades at 6x earnings, under 2x book and supports a robust 79% ROE. Its dividend is backed by a payout ratio under 15% of cash flow. We recommend setting a stop-loss at $22, looking to achieve $39 -- upside potential of 36%. Yield 3.7%
(Analysts’ price target is $39.08)
oil
gas