Nuveen LLC bought a new stake in APA Corporation (NASDAQ:APA - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,071,994 shares of the company's stock, valued at approximately $22,533,000. Nuveen LLC owned 0.30% of APA as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in APA. Renaissance Technologies LLC acquired a new stake in shares of APA in the 4th quarter valued at about $4,043,000. Raymond James Financial Inc. acquired a new stake in APA during the 4th quarter worth approximately $14,524,000. United Capital Financial Advisors LLC lifted its position in APA by 24.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 21,352 shares of the company's stock worth $493,000 after acquiring an additional 4,225 shares during the period. First Trust Advisors LP lifted its position in APA by 32.2% during the 4th quarter. First Trust Advisors LP now owns 2,166,968 shares of the company's stock worth $50,035,000 after acquiring an additional 528,159 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in APA by 33.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock worth $142,823,000 after acquiring an additional 1,540,055 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.
APA Price Performance
APA stock traded up $1.01 during midday trading on Friday, hitting $21.64. 7,026,645 shares of the stock were exchanged, compared to its average volume of 7,472,351. The stock's 50-day moving average price is $19.49 and its 200-day moving average price is $18.91. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 6.44 and a beta of 1.23. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $29.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80.
APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.42. The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.03 billion. APA had a return on equity of 20.98% and a net margin of 10.53%.APA's revenue was down 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. Research analysts predict that APA Corporation will post 4.03 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on APA shares. Cowen reaffirmed a "hold" rating on shares of APA in a research report on Thursday, August 7th. Barclays increased their price objective on APA from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Scotiabank reaffirmed a "sector perform" rating and set a $22.00 price objective (up from $14.00) on shares of APA in a research report on Friday, July 11th. Roth Capital cut APA from a "buy" rating to a "neutral" rating and set a $22.00 price target for the company. in a report on Wednesday, August 13th. Finally, Stephens began coverage on APA in a report on Tuesday, August 5th. They issued an "equal weight" rating and a $24.00 price target for the company. Three research 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 MarketBeat.com, APA has a consensus rating of "Hold" and a consensus target price of $23.94.
Check Out Our Latest Research Report on APA
APA Company Profile
(
Free Report)
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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