Interval Partners LP Has $2.06 Million Stake in APA Co. (NASDAQ:APA)

Interval Partners LP trimmed its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 47.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,080 shares of the company's stock after selling 80,895 shares during the period. Interval Partners LP's holdings in APA were worth $2,057,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its stake in shares of APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock worth $27,000 after buying an additional 1,077 shares during the last quarter. Riverview Trust Co grew its stake in APA by 5,718.2% in the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after purchasing an additional 586 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of APA during the 4th quarter worth approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after buying an additional 780 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley set a $20.00 price target on shares of APA and gave the company an "underweight" rating in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price target on APA from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Barclays dropped their price objective on APA from $25.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Scotiabank reduced their target price 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. Finally, The Goldman Sachs Group restated a "sell" rating and issued a $23.00 price target on shares of APA in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $25.37.

APA Price Performance

APA traded down $0.41 on Thursday, hitting $17.76. 16,834,839 shares of the stock were exchanged, compared to its average volume of 6,981,909. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 2.51 and a beta of 1.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.41. The business has a 50-day moving average of $17.57 and a two-hundred day moving average of $20.81.

APA (NASDAQ:APA - Get Free Report) last issued 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 net margin of 24.36% and a return on equity of 27.86%. The company 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 firm's quarterly revenue was up 35.1% on a year-over-year basis. Sell-side analysts forecast that APA Co. will post 4.03 EPS for the current fiscal year.

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.