APA (NASDAQ:APA – Get Free Report)‘s stock had its “neutral” rating reissued by analysts at UBS Group in a research report issued on Monday, Marketbeat reports. They presently have a $19.00 price objective on the stock, up from their prior price objective of $18.00. UBS Group’s target price indicates a potential upside of 1.88% from the company’s current price.
Several other brokerages also recently issued reports on APA. Mizuho lowered their price target on APA from $20.00 to $19.00 and set an “underperform” rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company lowered their price target on APA from $23.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, June 16th. Scotiabank reaffirmed a “sector perform” rating and issued a $22.00 price target (up from $14.00) on shares of APA in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on APA from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Finally, Argus raised APA to a “hold” rating in a research report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.72.
Check Out Our Latest Research Report on APA
APA Trading Down 4.2%
APA stock opened at $18.65 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 6.34 and a beta of 1.25. APA has a one year low of $13.58 and a one year high of $33.41. The company’s fifty day moving average price is $18.50 and its two-hundred day moving average price is $19.68.
APA (NASDAQ:APA – Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.17 billion. APA had a net margin of 9.75% and a return on equity of 23.22%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. On average, analysts forecast that APA will post 4.03 earnings per share for the current fiscal year.
Hedge Funds Weigh In On APA
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its stake in shares of APA by 1,087.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after acquiring an additional 1,077 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of APA by 2,709.8% in the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock valued at $30,000 after acquiring an additional 1,382 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of APA by 499.2% in the first quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock valued at $32,000 after acquiring an additional 1,288 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of APA by 144.9% in the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock valued at $34,000 after acquiring an additional 1,104 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of APA in the fourth quarter valued at approximately $35,000. Institutional investors own 83.01% of the company’s stock.
APA Company Profile
(Get Free Report)
APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.
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