Evercore Partners Initiates Apache With Hold

Evercore Partners initiated coverage on Apache Corporation (NYSE: APA) with a Hold rating.

The target price for Apache is set to $72.

Apache shares have dropped 36.01 percent over the past 52 weeks, while the S&P 500 index has surged 9.74 percent in the same period.

Apache shares fell 1.62 percent to close at $58.87 yesterday.