American Century Companies Inc. Buys 35,814 Shares of APA Corporation $APA

Key Points

• American Century Companies Inc. increased its stake in APA Corporation by 5.1%, owning approximately 733,038 shares worth $15.4 million at the end of the last quarter.
• Shares of APA Corporation are currently trading at $21.64, with a market capitalization of $7.74 billion and a P/E ratio of 7.24.
• Research analysts have mixed ratings on APA, with a consensus rating of "Hold" and a price target averaging at $23.94.

American Century Companies Inc. raised its position in APA Corporation (NASDAQ:APA - Free Report) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 733,038 shares of the company's stock after buying an additional 35,814 shares during the quarter. American Century Companies Inc. owned 0.20% of APA worth $15,408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in APA by 2,709.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock valued at $30,000 after buying an additional 1,382 shares in the last quarter. Rakuten Securities Inc. grew its holdings in APA by 499.2% in the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock valued at $32,000 after buying an additional 1,288 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new stake in shares of APA during the 4th quarter worth $42,000. LRI Investments LLC acquired a new stake in shares of APA during the 4th quarter worth $44,000. Finally, Allworth Financial LP grew its holdings in shares of APA by 122.5% during the 1st quarter. Allworth Financial LP now owns 3,084 shares of the company's stock worth $65,000 after purchasing an additional 1,698 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Trading Up 2.1%

APA stock traded up $0.47 during trading hours on Wednesday, hitting $22.59. The stock had a trading volume of 5,533,459 shares, compared to its average volume of 7,563,233. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 6.51 and a beta of 1.23. APA Corporation has a one year low of $13.58 and a one year high of $29.47. The business's 50 day simple moving average is $19.60 and its 200-day simple moving average is $18.95.

APA (NASDAQ:APA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.45 by $0.42. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.03 billion. APA had a return on equity of 20.98% and a net margin of 10.53%.The business's quarterly revenue was down 14.4% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. On average, equities analysts predict that APA Corporation will post 4.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APA. Royal Bank Of Canada reduced their target price on APA from $24.00 to $22.00 and set a "sector perform" rating on the stock in a report on Monday, July 14th. Stephens began coverage on APA in a report on Tuesday, August 5th. They set an "equal weight" rating and a $24.00 target price on the stock. Citigroup increased their target price on APA from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. The Goldman Sachs Group increased their target price on APA from $17.00 to $19.00 and gave the stock a "sell" rating in a report on Tuesday. Finally, UBS Group increased their target price on APA from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, APA presently has a consensus rating of "Hold" and an average price target of $23.72.

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.