APA (NASDAQ:APA) PT Raised to $35.00

APA (NASDAQ:APA - Get Free Report) had its target price hoisted by analysts at Mizuho from $34.00 to $35.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an "underperform" rating on the stock. Mizuho's target price indicates a potential upside of 13.93% from the company's current price.

A number of other research firms have also recently weighed in on APA. Barclays cut their price target on APA from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company initiated coverage on shares of APA in a research report on Wednesday, April 24th. They set an "overweight" rating and a $55.00 price objective on the stock. Morgan Stanley restated an "underweight" rating and set a $28.00 price target on shares of APA in a report on Monday, April 15th. JPMorgan Chase & Co. boosted their price target on shares of APA from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Finally, Roth Mkm boosted their price target on shares of APA from $37.00 to $39.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $42.25.

APA Stock Down 0.6 %

NASDAQ:APA traded down $0.18 during mid-day trading on Tuesday, hitting $30.72. The company had a trading volume of 5,111,977 shares, compared to its average volume of 6,654,572. The business has a fifty day simple moving average of $32.55 and a 200-day simple moving average of $33.21. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. APA has a 1 year low of $28.90 and a 1 year high of $46.15. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 3.46 and a beta of 3.29.

APA (NASDAQ:APA - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. The firm's revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. Equities analysts forecast that APA will post 4.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On APA

Several large investors have recently bought and sold shares of the business. American National Bank raised its holdings in APA by 208.5% in the first quarter. American National Bank now owns 725 shares of the company's stock worth $25,000 after purchasing an additional 490 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in APA in the third quarter worth $34,000. Rakuten Securities Inc. acquired a new stake in APA in the fourth quarter worth $34,000. Quent Capital LLC raised its holdings in APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company's stock worth $34,000 after purchasing an additional 375 shares during the period. Finally, Principal Securities Inc. acquired a new stake in APA in the fourth quarter worth $39,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

About APA

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.