Balyasny Asset Management L.P. Has $5.83 Million Holdings in APA Co. (NASDAQ:APA)

Balyasny Asset Management L.P. trimmed its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 92.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,626 shares of the company's stock after selling 3,287,372 shares during the period. Balyasny Asset Management L.P. owned 0.07% of APA worth $5,833,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of APA by 3.1% during the third quarter. Principal Financial Group Inc. now owns 456,922 shares of the company's stock worth $11,176,000 after purchasing an additional 13,557 shares in the last quarter. Nordea Investment Management AB boosted its position in APA by 44.4% in the 4th quarter. Nordea Investment Management AB now owns 54,091 shares of the company's stock valued at $1,257,000 after buying an additional 16,631 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of APA by 2.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 32,387 shares of the company's stock valued at $748,000 after buying an additional 922 shares during the period. Czech National Bank raised its position in shares of APA by 6.4% during the fourth quarter. Czech National Bank now owns 80,212 shares of the company's stock worth $1,852,000 after acquiring an additional 4,859 shares during the last quarter. Finally, Eastern Bank lifted its stake in shares of APA by 355.0% during the fourth quarter. Eastern Bank now owns 2,275 shares of the company's stock valued at $53,000 after acquiring an additional 1,775 shares during the period. Institutional investors own 83.01% of the company's stock.

APA Stock Up 3.3 %

APA stock opened at $16.72 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $6.05 billion, a P/E ratio of 2.36 and a beta of 1.18. APA Co. has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The business has a 50-day moving average of $17.60 and a 200-day moving average of $20.92.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup lowered their price objective on APA from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company cut their price target on APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Scotiabank lowered their price target on APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Raymond James lowered shares of APA from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. Finally, Piper Sandler decreased their price objective on shares of APA from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $25.79.

APA 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.

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