APA (NASDAQ:APA - Get Free Report) had its price target lowered by equities researchers at The Goldman Sachs Group from $25.00 to $22.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential downside of 6.06% from the company's previous close.
APA has been the subject of several other reports. Mizuho decreased their price target on shares of APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research note on Monday, December 16th. Citigroup decreased their target price on APA from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, November 26th. Susquehanna cut their price target on APA from $52.00 to $48.00 and set a "positive" rating on the stock in a report on Friday, October 18th. Truist Financial decreased their price objective on APA from $36.00 to $33.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, Piper Sandler cut their target price on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $31.00.
Check Out Our Latest Stock Report on APA
APA Trading Up 0.2 %
APA traded up $0.04 during trading on Friday, reaching $23.42. 3,982,659 shares of the stock traded hands, compared to its average volume of 4,323,830. The stock's 50-day moving average is $22.43 and its 200 day moving average is $25.85. APA has a 12 month low of $20.32 and a 12 month high of $36.04. 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 stock has a market capitalization of $8.66 billion, a PE ratio of 3.31 and a beta of 3.19.
Insiders Place Their Bets
In related news, Director Juliet S. Ellis bought 4,391 shares of APA stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the transaction, the director now directly owns 12,436 shares of the company's stock, valued at approximately $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.
Institutional Investors Weigh In On APA
Large investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its stake in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after buying an additional 540 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of APA in the second quarter worth $42,000. Huntington National Bank grew its position in shares of APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company's stock valued at $42,000 after purchasing an additional 561 shares in the last quarter. Blue Trust Inc. raised its stake in shares of APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company's stock valued at $63,000 after purchasing an additional 1,604 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in APA during the 2nd quarter worth about $76,000. Hedge funds and other institutional investors 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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