Opinions The Panic-Proof Portfolio (Stockchase Research)
Apache CorpAPATOP PICKApr 14, 2026
Stock price when the opinion was issued
As of Jun 10, 2026. Market Open.
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Premium contentPremium contentWith global energy markets in turmoil, we reiterate APA as a TOP PICK. Recently released earnings per share were 50% above analyst expectations. Higher than projected production, along with larger cost reductions overcame lower commodity netbacks. The company continues to focus on aggressively retiring debt and buying back shares - which should yield higher cash reserves as oil prices rise. We recommend trailing up the stop (from $26) to $29, looking to achieve $43 — upside over 18%. Yield 2.8%
(Analysts’ price target is $29.50)Premium contentPremium contentAPA recently surprised analysts with revenues beating expectations by 26% and EPS beating by 93%. Revenues were over $500 million higher, allowing an aggressive amount of debt to be retired. It trades at 6x earnings, 1.2x book and supports a ROE of 26%. We recommend trailing up the stop (from $15.00) to $16.50, looking to achieve $23.50 -- upside potential of 20%. Yield 5.5%
(Analysts’ price target is $23.25)
The chart looks to have a really long double bottom pattern. The chart shows a nice up trend from February with some pretty big swings. You have to have some fortitude and you want to be with the best group. You have to be prepared for some volatility. He would be pretty comfortable buying this today, but you have to be ready as oil can change around.
His model price is $117.68, a 46.5% upside. An opportunity to buy this at book value.
Brian Acker, CA
Tobias Levkovich
Robert Stovall
As members of the US Administration expect a continuation of high energy prices for the foreseeable future, we reiterate APA as a TOP PICK. Shipments thru the Strait of Hormuz remain challenged leaving domestic producers in a good position to see cash flows continue to improve. Analysts have upgraded EPS projections by 12% and more could be on the way. It trades at 18x earnings, 2.2x book and support s a 25% ROE. We recommend trailing up the stop (from $31) to $34, looking to achieve $44 -- upside potential of 18%. Yield 2.5%
(Analysts’ price target is $38.89)