Alyeska Investment Group L.P. acquired a new position in shares of APA Corporation (NASDAQ:APA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 417,188 shares of the company's stock, valued at approximately $13,588,000. Alyeska Investment Group L.P. owned 0.12% of APA as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Hollencrest Capital Management lifted its stake in shares of APA by 520.8% during the first quarter. Hollencrest Capital Management now owns 596 shares of the company's stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of APA in the first quarter valued at about $28,000. Summit Securities Group LLC grew its stake in shares of APA by 115.1% in the fourth quarter. Summit Securities Group LLC now owns 1,327 shares of the company's stock valued at $32,000 after buying an additional 710 shares in the last quarter. MidFirst Bank purchased a new stake in shares of APA during the 2nd quarter valued at about $33,000. Finally, Compass Financial Management LLC purchased a new stake in shares of APA during the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 83.01% of the company's stock.
APA Price Performance
Shares of NASDAQ APA opened at $43.15 on Tuesday. APA Corporation has a twelve month low of $21.57 and a twelve month high of $45.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.77 and a beta of 0.35. The business has a 50 day simple moving average of $36.98 and a 200-day simple moving average of $36.50.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same quarter last year, the business earned $0.87 earnings per share. As a group, equities research analysts expect that APA Corporation will post 5.54 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. KeyCorp set a $46.00 price objective on shares of APA in a research report on Wednesday, August 12th. Raymond James Financial lowered their price objective on APA from $57.00 to $50.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. UBS Group cut their target price on APA from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 15th. Citigroup increased their target price on APA from $38.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Finally, Barclays decreased their price target on shares of APA from $41.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $41.50.
View Our Latest Stock Report on APA
About APA
(
Free Report)
APA Corporation NASDAQ: APA is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.
In the United States, APA's largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.
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