APA Co. (NASDAQ:APA) Holdings Boosted by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its position in shares of APA Co. (NASDAQ:APA) by 49.1% during the 1st quarter, HoldingsChannel reports. The firm owned 4,250 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in APA were worth $146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APA. American National Bank lifted its position in APA by 208.5% during the 1st quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after acquiring an additional 490 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in APA during the third quarter worth $34,000. Quent Capital LLC raised its stake in APA by 64.0% during the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after purchasing an additional 375 shares during the last quarter. Rakuten Securities Inc. bought a new stake in APA in the 4th quarter valued at $34,000. Finally, Principal Securities Inc. acquired a new stake in APA in the 4th quarter worth $39,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APA shares. Barclays cut their price target on APA from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 target price on shares of APA in a research report on Monday, April 8th. Morgan Stanley reaffirmed an “underweight” rating and set a $28.00 price objective on shares of APA in a research note on Monday, April 15th. Susquehanna lifted their target price on shares of APA from $54.00 to $57.00 and gave the company a “positive” rating in a research note on Tuesday, May 7th. Finally, Mizuho increased their price target on APA from $34.00 to $35.00 and gave the stock an “underperform” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.25.

APA Trading Down 0.6 %

Shares of APA stock traded down $0.18 during midday trading on Tuesday, reaching $30.72. The company had a trading volume of 5,111,977 shares, compared to its average volume of 6,654,572. The firm has a market cap of $11.40 billion, a PE ratio of 3.44 and a beta of 3.29. The stock has a fifty day moving average price of $32.54 and a 200 day moving average price of $33.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.16. APA Co. has a fifty-two week low of $28.90 and a fifty-two week high of $46.15.

APA (NASDAQ:APA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. On average, equities analysts anticipate that APA Co. will post 4.64 earnings per share for the current year.

About APA

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.