This Oil Stock Is a Dirt-Cheap Buy
August wasn't a kind month for many oil stocks, but it was downright brutal to my No. 1 oil stock right now, Apache Corporation (NYSE: APA). The month started out with the stock market hammering Apache shares over a disappointing earnings report and ended with Apache's Houston headquarters being closed due to Hurricane Harvey. Apache finished the month down more than 20%, far worse than ConocoPhillips (NYSE: COP), which closed down just 2.4%.
But in spite of all that, I still think Apache stock is a buy. In fact, it may be a better buy than ever. Here's why.
The stock market has beaten up shares of oil and gas industry player Apache over the past year. Image source: Getty Images.
Source: Fool.com
ConocoPhillips Aktie
108,60 €
-1,72 %
Klarer Community-Favorit: ConocoPhillips mit vielen Buy- und wenigen Sell-Einschätzungen.
Das Kursziel von 112 € für ConocoPhillips weist auf eine leichte Verbesserung gegenüber dem aktuellen Kurs von 108.6 € hin.
