First National Bank of Omaha 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 92,021 shares of the company's stock, valued at approximately $3,033,000.
Other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management boosted its holdings in APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company's stock worth $25,000 after acquiring an additional 500 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in shares of APA during the first quarter valued at approximately $28,000. MidFirst Bank purchased a new stake in shares of APA during the second quarter valued at approximately $33,000. Global Assets Advisory LLC acquired a new position in shares of APA during the first quarter worth $44,000. Finally, Altshuler Shaham Ltd lifted its position in shares of APA by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 1,229 shares of the company's stock worth $52,000 after purchasing an additional 330 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.
APA Price Performance
Shares of NASDAQ APA opened at $42.37 on Wednesday. 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 $14.84 billion, a price-to-earnings ratio of 8.96 and a beta of 0.35. APA Corporation has a twelve month low of $19.96 and a twelve month high of $45.66. The business has a 50 day simple moving average of $35.58 and a 200-day simple moving average of $35.49.
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 5.25 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have recently weighed in on APA shares. 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. Zacks Research downgraded shares of APA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. UBS Group decreased their price objective on shares of APA from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, July 15th. Roth Capital set a $39.00 price objective on shares of APA in a report on Thursday, August 6th. Finally, Benchmark boosted their target price on shares of APA from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, APA currently has a consensus rating of "Hold" and a consensus target price of $41.26.
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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