Apache Corporation's Most Brilliant Moves in 2017 So Far
My top stock in the oil industry right now, Apache Corporation (NYSE: APA), is set to report second-quarter 2017 earnings on Aug. 3, and it's predicted to underperform its first-quarter results as its production drops. That's in contrast to its larger rival, ConocoPhillips (NYSE: COP), which just reported decent second-quarter results. But don't let that fool you: Apache has made some incredibly smart moves in 2017, so much so that the second half of the year is looking much rosier than the first.
Here are the best moves the company has made in the last several months and why they should lead to a reversal of the stock's recent downward trend.
Oil and gas industry player Apache has been ignored by the stock market despite making some excellent decisions in 2017. Image source: Getty Images.
Source: Fool.com
ConocoPhillips Stock
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With a target price of 133 € there is a slightly positive potential of 18.92% for ConocoPhillips compared to the current price of 111.84 €.
