APA (NASDAQ:APA) Price Target Raised to $35.00 at Mizuho

APA (NASDAQ:APAFree Report) had its price objective raised by Mizuho from $34.00 to $35.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an underperform rating on the stock.

APA has been the topic of several other reports. StockNews.com lowered APA from a buy rating to a hold rating in a research note on Friday, May 10th. Piper Sandler lowered their price objective on APA from $35.00 to $33.00 and set a neutral rating on the stock in a research note on Tuesday, May 14th. Raymond James lowered their price objective on APA from $44.00 to $43.00 and set a strong-buy rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upped their price objective on APA from $38.00 to $40.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Finally, Truist Financial lowered their price objective on APA from $59.00 to $53.00 and set a buy rating on the stock in a research note on Friday, April 5th. Three 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $42.25.

View Our Latest Research Report on APA

APA Stock Performance

Shares of NASDAQ APA opened at $30.72 on Tuesday. The business’s 50-day moving average price is $32.54 and its two-hundred day moving average price is $33.15. 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 one year low of $28.90 and a one year high of $46.15. The company has a market capitalization of $11.40 billion, a P/E ratio of 3.44 and a beta of 3.29.

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 net margin of 34.04% and a return on equity of 45.32%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the firm earned $1.19 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts anticipate that APA will post 4.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On APA

Institutional investors have recently added to or reduced their stakes in the company. Harris Associates L P grew its position in shares of APA by 17.8% during the 4th quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock valued at $563,520,000 after acquiring an additional 2,367,570 shares during the period. Vanguard Group Inc. grew its position in shares of APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after acquiring an additional 2,004,555 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of APA by 10.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock valued at $728,347,000 after acquiring an additional 1,938,335 shares during the period. Ameriprise Financial Inc. grew its position in shares of APA by 130.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,534,209 shares of the company’s stock valued at $63,037,000 after acquiring an additional 867,257 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of APA by 1,527.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 921,662 shares of the company’s stock valued at $37,880,000 after buying an additional 865,026 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

APA Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for APA (NASDAQ:APA)

Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter.