APA (NASDAQ:APA - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at UBS Group in a report issued on Monday, Marketbeat.com reports. They presently have a $19.00 target price on the stock, up from their previous target price of $18.00. UBS Group's target price indicates a potential downside of 2.16% from the stock's current price.
A number of other research firms have also recently commented on APA. The Goldman Sachs Group reiterated a "sell" rating and issued a $23.00 price objective on shares of APA in a report on Wednesday, March 19th. Scotiabank restated a "sector perform" rating and set a $22.00 price target (up from $14.00) on shares of APA in a research note on Friday. Argus upgraded APA to a "hold" rating in a research note on Friday, May 16th. Mizuho decreased their price target on APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research note on Tuesday, May 13th. Finally, Raymond James Financial restated an "outperform" rating and set a $25.00 price target (up from $23.00) on shares of APA in a research note on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $24.72.
Get Our Latest Analysis on APA
APA Trading Down 3.4%
APA traded down $0.69 during trading hours on Monday, reaching $19.42. The company's stock had a trading volume of 2,384,133 shares, compared to its average volume of 7,238,572. APA has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The stock has a market cap of $7.02 billion, a PE ratio of 6.96, a P/E/G ratio of 6.49 and a beta of 1.25. The business's 50-day moving average is $18.36 and its 200-day moving average is $19.71. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. APA had a return on equity of 23.22% and a net margin of 9.75%. The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm's quarterly revenue was up 35.1% on a year-over-year basis. As a group, equities research analysts predict that APA will post 4.03 earnings per share for the current fiscal year.
Institutional Trading of APA
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC increased its position in shares of APA by 0.4% during the fourth quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock worth $2,630,000 after purchasing an additional 449 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of APA by 1.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company's stock worth $1,018,000 after purchasing an additional 517 shares in the last quarter. Cullen Investment Group LTD. increased its position in shares of APA by 5.9% during the second quarter. Cullen Investment Group LTD. now owns 11,497 shares of the company's stock worth $210,000 after purchasing an additional 637 shares in the last quarter. Comerica Bank increased its position in shares of APA by 0.7% during the first quarter. Comerica Bank now owns 89,616 shares of the company's stock worth $1,884,000 after purchasing an additional 644 shares in the last quarter. Finally, Albert D Mason Inc. increased its position in shares of APA by 5.7% during the first quarter. Albert D Mason Inc. now owns 12,261 shares of the company's stock worth $258,000 after purchasing an additional 657 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.
APA Company Profile
(
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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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