APA (NASDAQ:APA - Get Free Report) had its price target reduced by Piper Sandler from $23.00 to $22.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's price target points to a potential upside of 36.77% from the stock's previous close.
Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Scotiabank reduced their price target on APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Susquehanna dropped their price objective on APA from $31.00 to $30.00 and set a "positive" rating on the stock in a research note on Tuesday. Citigroup lowered their target price on shares of APA from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $23.00 price objective on shares of APA in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, APA presently has an average rating of "Hold" and a consensus target price of $26.11.
Read Our Latest Report on APA
APA Trading Up 5.5 %
NASDAQ:APA traded up $0.84 on Tuesday, reaching $16.09. The company's stock had a trading volume of 2,816,203 shares, compared to its average volume of 6,788,462. The business's 50-day moving average price is $19.27 and its two-hundred day moving average price is $21.84. APA has a 1-year low of $13.58 and a 1-year high of $33.41. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $5.82 billion, a PE ratio of 2.27 and a beta of 2.74.
APA (NASDAQ:APA - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. Equities research analysts anticipate that APA will post 4.03 earnings per share for the current fiscal year.
Institutional Investors Weigh In On APA
Large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. lifted its holdings 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 worth $27,000 after acquiring an additional 1,077 shares during the last quarter. Riverview Trust Co grew its holdings in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after buying an additional 586 shares during the period. Rakuten Securities Inc. boosted its position in APA by 499.2% during the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock worth $32,000 after buying an additional 1,288 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in APA during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 83.01% of the company's stock.
About APA
(
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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