APA (NASDAQ:APA) Price Target Raised to $21.00 at Morgan Stanley

APA (NASDAQ:APA - Get Free Report) had its price objective raised by investment analysts at Morgan Stanley from $20.00 to $21.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Morgan Stanley's price objective would indicate a potential upside of 20.72% from the company's current price.

Other analysts have also recently issued reports about the stock. Susquehanna dropped their target price on shares of APA from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Mizuho cut their price target on APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on shares of APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $23.00 price objective on shares of APA in a research note on Wednesday, March 19th. Finally, Piper Sandler cut their target price on shares of APA from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $25.58.

APA Trading Up 0.5%

NASDAQ:APA traded up $0.09 during trading hours on Friday, reaching $17.40. 2,071,788 shares of the company were exchanged, compared to its average volume of 6,988,860. The stock has a 50 day simple moving average of $17.09 and a 200 day simple moving average of $20.41. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 2.46 and a beta of 1.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA has a 52-week low of $13.58 and a 52-week high of $33.41.

APA (NASDAQ:APA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.23. APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The business's quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts predict that APA will post 4.03 EPS for the current year.

Institutional Trading of APA

Large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in APA by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after purchasing an additional 200,770 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of APA by 22.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company's stock valued at $1,503,000 after buying an additional 12,077 shares during the period. US Bancorp DE raised its holdings in APA by 2.2% in the 4th quarter. US Bancorp DE now owns 47,719 shares of the company's stock worth $1,102,000 after purchasing an additional 1,010 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in APA by 175.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company's stock worth $543,000 after buying an additional 14,980 shares during the period. Finally, Country Club Bank boosted its stake in APA by 148.8% during the fourth quarter. Country Club Bank now owns 181,420 shares of the company's stock worth $4,067,000 after acquiring an additional 108,492 shares in the last quarter. Institutional investors own 83.01% of the company's stock.

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.