Apache (APA +2.5%) bounces back from losses of nearly 5% in the week's first three trading...

|About: Apache Corporation (APA)|By:, SA News Editor

Apache (APA +2.5%) bounces back from losses of nearly 5% in the week's first three trading sessions, as Argus hikes 2013-14 earnings estimates and upgrades shares to Buy from Hold with a $95 target price on its expectations for higher energy prices in the coming quarters. APA holds 9.7M gross acres in Egypt’s Western Desert, although only 18% of the acreage has been developed.