APA (NASDAQ:APA) Price Target Lowered to $27.00 at JPMorgan Chase & Co.

APA (NASDAQ:APA) had its price objective decreased by JPMorgan Chase & Co. from $36.00 to $27.00 in a report published on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other analysts have also recently commented on APA. Wolfe Research began coverage on APA in a report on Thursday, July 18th. They issued an outperform rating and a $42.00 price target for the company. Piper Sandler dropped their price target on shares of APA from $34.00 to $29.00 and set a neutral rating for the company in a research report on Thursday, August 15th. Citigroup lowered their price objective on shares of APA from $33.00 to $32.00 and set a neutral rating for the company in a research note on Monday, September 9th. Sanford C. Bernstein cut their target price 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. Finally, Evercore ISI reissued an in-line rating and set a $39.00 price target on shares of APA in a research report on Thursday. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $37.00.

APA Stock Up 1.0 %

Shares of NASDAQ APA opened at $23.94 on Thursday. The firm’s 50-day moving average is $28.71 and its two-hundred day moving average is $30.27. The company has a market capitalization of $8.86 billion, a PE ratio of 2.68 and a beta of 3.24. APA has a 12-month low of $22.72 and a 12-month high of $43.58. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.22. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.28 billion. APA had a return on equity of 35.95% and a net margin of 32.66%. The business’s revenue was up 41.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. Equities analysts anticipate that APA will post 4.34 EPS for the current fiscal year.

Institutional Trading of APA

Several hedge funds have recently made changes to their positions in APA. American National Bank raised its holdings in shares of APA by 208.5% during the first quarter. American National Bank now owns 725 shares of the company’s stock valued at $25,000 after buying an additional 490 shares during the last quarter. Covestor Ltd raised its stake in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after purchasing an additional 470 shares in the last quarter. Principal Securities Inc. acquired a new position in APA during the 4th quarter valued at about $39,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of APA in the second quarter valued at approximately $42,000. Institutional investors 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.