APA (NASDAQ:APA) PT Lowered to $25.00

APA (NASDAQ:APA) had its price objective lowered by analysts at The Goldman Sachs Group from $26.00 to $25.00 in a research note issued to investors on Friday. The Goldman Sachs Group’s target price indicates a potential upside of 0.56% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. UBS Group lowered their target price on shares of APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Sanford C. Bernstein reduced their target price on shares of APA from $37.00 to $30.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price target on APA from $36.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Truist Financial boosted their price target on APA from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Scotiabank lowered their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.18.

APA Trading Down 0.2 %

APA stock traded down $0.06 during midday trading on Friday, hitting $24.86. 1,418,395 shares of the stock were exchanged, compared to its average volume of 6,204,580. The company has a fifty day simple moving average of $26.49 and a two-hundred day simple moving average of $29.18. APA has a 52 week low of $22.72 and a 52 week high of $43.58. The stock has a market capitalization of $9.23 billion, a PE ratio of 2.78 and a beta of 3.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 41.6% on a year-over-year basis. Equities research analysts anticipate that APA will post 3.97 EPS for the current fiscal year.

Hedge Funds Weigh In On APA

Several hedge funds and other institutional investors have recently modified their holdings of APA. American National Bank boosted its stake in shares of APA by 208.5% during the 1st quarter. American National Bank now owns 725 shares of the company’s stock valued at $25,000 after purchasing an additional 490 shares in the last quarter. Covestor Ltd lifted its holdings 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 during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of APA by 386.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after acquiring an additional 1,079 shares in the last quarter. Rothschild Investment LLC bought a new position in APA in the 2nd quarter worth about $42,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in APA by 1,325.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after purchasing an additional 1,590 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

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.