APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines. APA Corporation was founded in 1954 and is based in Houston, Texas.
APA Stock Up 1.2 %
APA Stock traded up $0.41 during trading hours on Wednesday, hitting $33.63. The company had a trading volume of 6,798,470 shares, compared to its average volume of 9,242,646. The firm has a market capitalization of $10.98 billion, a P/E ratio of 3.78, a price-to-earnings-growth ratio of 0.13 and a beta of 3.90. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.10 and a quick ratio of 1.10. The firm's fifty day moving average is $33.74 and its 200-day moving average is $38.73. APA has a fifty-two week low of $15.55 and a fifty-two week high of $51.95.
APA (NASDAQ:APA - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $2.37 earnings per share for the quarter, meeting the consensus estimate of $2.37. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.77 billion. APA had a net margin of 32.57% and a return on equity of 622.55%. On average, research analysts forecast that APA will post 9.39 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Raymond James upped their price target on shares of APA from $59.00 to $75.00 and gave the stock a "strong-buy" rating in a research note on Monday, April 25th. Susquehanna cut their target price on shares of APA from $52.00 to $49.00 and set a "positive" rating for the company in a research note on Friday, August 5th. Bank of America cut their target price on shares of APA from $68.00 to $63.00 and set a "buy" rating for the company in a research note on Tuesday, July 19th. Mizuho cut their target price on shares of APA from $60.00 to $56.00 in a research note on Tuesday, July 19th. Finally, Susquehanna Bancshares cut their target price on shares of APA from $52.00 to $49.00 and set a "positive" rating for the company in a research note on Friday, August 5th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.25.