Susquehanna Issues Pessimistic Forecast for APA (NASDAQ:APA) Stock Price

APA (NASDAQ:APA - Get Free Report) had its price objective decreased by analysts at Susquehanna from $31.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price target would suggest a potential upside of 88.87% from the stock's current price.

A number of other brokerages also recently weighed in on APA. Citigroup reduced their price target on shares of APA from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group restated a "sell" rating and set a $23.00 price target on shares of APA in a research note on Wednesday, March 19th. Royal Bank of Canada decreased their price objective on APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Morgan Stanley set a $20.00 target price on APA and gave the stock an "underweight" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, APA has a consensus rating of "Hold" and an average price target of $26.16.

APA Stock Up 4.2 %

Shares of APA stock traded up $0.63 during midday trading on Tuesday, reaching $15.88. 1,313,422 shares of the company's stock traded hands, compared to its average volume of 6,783,033. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 2.23 and a beta of 2.74. APA has a 52 week low of $13.58 and a 52 week high of $33.41. The company's 50 day simple moving average is $19.27 and its 200 day simple moving average is $21.84. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share 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 during the quarter, compared to analyst estimates of $2.31 billion. Equities analysts expect that APA will post 4.03 earnings per share for the current fiscal year.

Institutional Trading of APA

Several institutional investors and hedge funds have recently added to or reduced their stakes in APA. State of Alaska Department of Revenue raised its position in shares of APA by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 43,353 shares of the company's stock valued at $911,000 after acquiring an additional 1,175 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 acquiring an additional 1,288 shares during the last quarter. QRG Capital Management Inc. bought a new position in APA in the first quarter valued at $238,000. Murphy Pohlad Asset Management LLC increased its position in shares of APA by 1.7% in the first quarter. Murphy Pohlad Asset Management LLC now owns 100,148 shares of the company's stock valued at $2,105,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Albert D Mason Inc. raised its position in shares of APA by 5.7% in the first quarter. Albert D Mason Inc. now owns 12,261 shares of the company's stock valued at $258,000 after purchasing an additional 657 shares during the period. 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.

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