UBS Group Issues Pessimistic Forecast for APA (NASDAQ:APA) Stock Price

APA (NASDAQ:APA - Get Free Report) had its price target decreased by equities researchers at UBS Group from $28.00 to $27.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 21.29% from the company's previous close.

APA has been the subject of several other research reports. Truist Financial decreased their price objective on shares of APA from $36.00 to $33.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Scotiabank decreased their target price on APA from $30.00 to $27.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group cut their price target on APA from $26.00 to $25.00 in a research report on Friday, October 18th. Mizuho decreased their price objective on APA from $35.00 to $28.00 and set an "underperform" rating for the company in a report on Monday, September 16th. Finally, Susquehanna cut their target price on shares of APA from $52.00 to $48.00 and set a "positive" rating on the stock in a report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, APA has a consensus rating of "Hold" and a consensus target price of $32.52.

APA Stock Up 0.0 %

APA stock traded up $0.01 during midday trading on Monday, reaching $22.26. 4,628,278 shares of the company were exchanged, compared to its average volume of 6,277,886. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 3.14 and a beta of 3.19. 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 has a 1-year low of $20.95 and a 1-year high of $37.82. The stock's 50-day simple moving average is $23.80 and its 200 day simple moving average is $26.75.

Institutional Trading of APA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC grew its holdings in APA by 25.4% in the second quarter. CWM LLC now owns 11,604 shares of the company's stock valued at $342,000 after purchasing an additional 2,349 shares during the last quarter. QRG Capital Management Inc. increased its holdings in APA by 27.6% during the 2nd quarter. QRG Capital Management Inc. now owns 15,947 shares of the company's stock valued at $469,000 after acquiring an additional 3,448 shares in the last quarter. Czech National Bank raised its position in APA by 28.6% during the second quarter. Czech National Bank now owns 68,613 shares of the company's stock worth $2,020,000 after acquiring an additional 15,275 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of APA in the second quarter valued at about $251,000. Finally, Wedmont Private Capital grew its position in shares of APA by 63.9% in the second quarter. Wedmont Private Capital now owns 12,234 shares of the company's stock valued at $367,000 after purchasing an additional 4,771 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.

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.