Apache ( APA) gets a $133 price target, worth an 11% premium from Goldman Sachs. The company is one of the largest U.S.-based independent explorers and producers of natural gas, crude oil and natural gas liquids.

Apache gets about 25% of its production and cash flow from its operations in Egypt, and although there have been no production disruptions so far due to that country's current political unrest, there is a potential.

After a few years of relative inactivity on the acquisition front, Apache recently announced three sizable deals -- a $4 billion merger with Mariner Energy and $8 billion in combined asset purchases from BP ( BP) and Devon Energy ( DVN) -- and "that should provide near-term exploitation opportunities as well as longer-term exploration potential and help the firm increase production and reserves throughout our forecast period," said a Morningstar research note.

For fiscal 2010, analysts estimate that Apache will earn $9.25 per share, and that will expand by 20% to $11.10 in fiscal 2011.

S&P analysts' poll resulted in nine "buy" ratings, 10 "buy/holds," eight "holds" and one "sell."

Capital Research Global and State Street each own about 4% of outstanding shares.

Its shares are down 2% this year, including a decline of 6% in the past week. They gained 16% in 2010.

If you liked this article you might like

Former Macy's Herald Square Employees Sue Alleging Racial Profiling of Customers

Morgan Stanley Is Using Snapchat to Recruit College Students and Make Them Rich

The New Goldman Sachs Intern Class Is Revealed -- Here's What They Look Like

Equifax Execs Resign as Data Breach Criticism Intensifies

GOP Faces 'Chicken and Egg' Problem on Tax Reform, Goldman Says