APA (NASDAQ:APA - Get Free Report) had its price target lowered by equities research analysts at Mizuho from $25.00 to $24.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "underperform" rating on the stock. Mizuho's price target suggests a potential upside of 9.39% from the stock's previous close.
A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group dropped their price objective on APA from $26.00 to $25.00 in a research note on Friday, October 18th. Royal Bank of Canada lowered their target price on APA from $34.00 to $32.00 and set a "sector perform" rating for the company in a research report on Monday, November 11th. Barclays dropped their price target on APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Friday, November 8th. Wells Fargo & Company lowered their price objective on APA from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Tuesday, October 1st. Finally, UBS Group decreased their price target on APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, APA has an average rating of "Hold" and an average target price of $32.33.
View Our Latest Stock Analysis on APA
APA Stock Performance
Shares of NASDAQ APA traded down $0.92 during trading on Monday, reaching $21.94. 7,115,814 shares of the company traded hands, compared to its average volume of 6,275,347. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a 50 day simple moving average of $23.51 and a 200-day simple moving average of $26.56. APA has a 52-week low of $20.95 and a 52-week high of $37.82. The stock has a market capitalization of $8.12 billion, a PE ratio of 3.23 and a beta of 3.18.
Insider Buying and Selling
In other news, Director Juliet S. Ellis bought 4,391 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the acquisition, the director now directly owns 12,436 shares of the company's stock, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in APA. Woodstock Corp grew its holdings in shares of APA by 20.3% during the third quarter. Woodstock Corp now owns 308,253 shares of the company's stock worth $7,540,000 after buying an additional 51,993 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in APA by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock worth $293,312,000 after buying an additional 485,291 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of APA in the 3rd quarter worth $7,238,000. Ellis Investment Partners LLC purchased a new position in shares of APA during the 2nd quarter worth $2,499,000. Finally, Victory Capital Management Inc. grew its holdings in shares of APA by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company's stock valued at $30,852,000 after purchasing an additional 149,762 shares during the period. Hedge funds and other institutional investors own 83.01% of the company's stock.
APA Company Profile
(
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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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