Barclays Lowers APA (NASDAQ:APA) Price Target to $27.00

APA (NASDAQ:APA - Get Free Report) had its price objective cut by investment analysts at Barclays from $30.00 to $27.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential upside of 24.02% from the company's previous close.

A number of other equities analysts also recently issued reports on APA. Scotiabank decreased their price objective on APA from $30.00 to $27.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Mizuho decreased their price target on shares of APA from $35.00 to $28.00 and set an "underperform" rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. dropped their price objective on shares of APA from $36.00 to $27.00 and set a "neutral" rating on the stock in a research note on Friday, October 18th. Wolfe Research initiated coverage on shares of APA in a research note on Thursday, July 18th. They set an "outperform" rating and a $42.00 target price for the company. Finally, Sanford C. Bernstein dropped their price target on APA from $37.00 to $30.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 17th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $33.91.

APA Trading Down 0.7 %

APA stock traded down $0.16 during mid-day trading on Friday, reaching $21.77. 11,735,628 shares of the company traded hands, compared to its average volume of 6,244,942. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01. APA has a 52-week low of $21.15 and a 52-week high of $38.27. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 2.32 and a beta of 3.24. The firm's 50 day moving average price is $25.07 and its 200 day moving average price is $28.12.

Hedge Funds Weigh In On APA

Institutional investors have recently bought and sold shares of the stock. Sunpointe LLC grew its position in shares of APA by 2.8% during the second quarter. Sunpointe LLC now owns 13,297 shares of the company's stock worth $391,000 after purchasing an additional 362 shares in the last quarter. GAMMA Investing LLC boosted its stake in APA by 12.0% during the second quarter. GAMMA Investing LLC now owns 3,558 shares of the company's stock valued at $105,000 after buying an additional 380 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in APA by 6.7% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company's stock valued at $202,000 after buying an additional 429 shares in the last quarter. Inspire Investing LLC increased its stake in APA by 3.7% in the 1st quarter. Inspire Investing LLC now owns 12,932 shares of the company's stock worth $445,000 after acquiring an additional 457 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company's stock worth $38,000 after acquiring an additional 470 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

APA Company Profile

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.