APA Co. (NASDAQ:APA) Receives $37.81 Consensus Price Target from Brokerages

APA Co. (NASDAQ:APA) has been given an average recommendation of “Hold” by the twenty analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $37.76.

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein lowered 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. Bank of America reiterated an “underperform” rating and issued a $31.00 price objective on shares of APA in a report on Friday, June 14th. Susquehanna decreased their price objective on APA from $57.00 to $52.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Mizuho lifted their price objective on APA from $34.00 to $35.00 and gave the stock an “underperform” rating in a report on Tuesday, May 21st. Finally, UBS Group decreased their price objective on APA from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th.

Institutional Trading of APA

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after acquiring an additional 2,004,555 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of APA by 10.6% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after purchasing an additional 1,938,335 shares in the last quarter. Harris Associates L P boosted its position in shares of APA by 17.8% in the 4th quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock worth $563,520,000 after purchasing an additional 2,367,570 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of APA by 131.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after purchasing an additional 2,736,041 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of APA by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock worth $98,865,000 after purchasing an additional 455,312 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

APA Trading Down 1.3 %

NASDAQ APA opened at $24.92 on Thursday. The stock’s 50-day simple moving average is $29.15 and its two-hundred day simple moving average is $30.44. APA has a twelve month low of $24.77 and a twelve month high of $44.74. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 2.79 and a beta of 3.24.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. APA had a return on equity of 35.95% and a net margin of 32.66%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 41.6% on a year-over-year basis. Research analysts forecast that APA will post 4.36 EPS for the current fiscal 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.