APA (NASDAQ:APA) Price Target Increased to $34.00 by Analysts at Mizuho

APA (NASDAQ:APAFree Report) had its price objective increased by Mizuho from $32.00 to $34.00 in a report released on Monday morning, Benzinga reports. They currently have an underperform rating on the stock.

Several other analysts have also commented on APA. Wells Fargo & Company began coverage on shares of APA in a research report on Wednesday, April 24th. They set an overweight rating and a $55.00 price target on the stock. JPMorgan Chase & Co. upped their price target on APA from $38.00 to $40.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Truist Financial cut their price objective on APA from $59.00 to $53.00 and set a buy rating for the company in a research report on Friday, April 5th. Royal Bank of Canada reiterated a sector perform rating and set a $45.00 target price on shares of APA in a research report on Monday, April 8th. Finally, Scotiabank reissued a sector perform rating and issued a $37.00 price target (down previously from $43.00) on shares of APA in a report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, APA presently has a consensus rating of Hold and a consensus price target of $42.30.

Read Our Latest Stock Analysis on APA

APA Trading Down 0.6 %

NASDAQ APA opened at $30.20 on Monday. The company has a fifty day moving average of $32.57 and a 200 day moving average of $33.53. The company has a market capitalization of $11.21 billion, a PE ratio of 3.38 and a beta of 3.29. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.16. APA has a 1 year low of $28.90 and a 1 year high of $46.15.

APA (NASDAQ:APAGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). APA had a return on equity of 45.32% and a net margin of 34.04%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts forecast that APA will post 4.91 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its position in shares of APA by 16.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 64,406 shares of the company’s stock worth $2,647,000 after purchasing an additional 9,001 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of APA by 1.7% in the 3rd quarter. Mackenzie Financial Corp now owns 43,193 shares of the company’s stock worth $1,713,000 after acquiring an additional 725 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of APA during the 3rd quarter worth approximately $254,000. Fifth Third Bancorp boosted its position in shares of APA by 3.2% during the 3rd quarter. Fifth Third Bancorp now owns 13,309 shares of the company’s stock worth $547,000 after purchasing an additional 414 shares during the period. Finally, Teacher Retirement System of Texas raised its position in APA by 66.6% in the third quarter. Teacher Retirement System of Texas now owns 80,254 shares of the company’s stock valued at $3,298,000 after purchasing an additional 32,085 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for APA (NASDAQ:APA)

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