APA Co. (NASDAQ:APA) Receives $25.79 Consensus Price Target from Analysts

Shares of APA Co. (NASDAQ:APA) have been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $25.37.

APA has been the topic of a number of recent analyst reports. Citigroup lowered their target price on shares of APA from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on shares of APA from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Mizuho dropped their target price on shares of APA from $20.00 to $19.00 and set an “underperform” rating on the stock in a report on Tuesday. Barclays cut their target price on shares of APA from $25.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Finally, Susquehanna lowered their price target on APA from $31.00 to $30.00 and set a “positive” rating on the stock in a research report on Tuesday, April 22nd.

Institutional Trading of APA

A number of hedge funds have recently added to or reduced their stakes in APA. Principal Financial Group Inc. increased its holdings in APA by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 456,922 shares of the company’s stock worth $11,176,000 after purchasing an additional 13,557 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of APA by 44.4% during the fourth quarter. Nordea Investment Management AB now owns 54,091 shares of the company’s stock worth $1,257,000 after purchasing an additional 16,631 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of APA by 2.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,387 shares of the company’s stock valued at $748,000 after buying an additional 922 shares during the period. Czech National Bank raised its holdings in APA by 6.4% in the 4th quarter. Czech National Bank now owns 80,212 shares of the company’s stock valued at $1,852,000 after buying an additional 4,859 shares during the last quarter. Finally, Eastern Bank boosted its position in APA by 355.0% during the 4th quarter. Eastern Bank now owns 2,275 shares of the company’s stock worth $53,000 after buying an additional 1,775 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Price Performance

APA stock opened at $17.76 on Tuesday. The stock has a market cap of $6.42 billion, a PE ratio of 2.51 and a beta of 1.18. The stock has a 50-day moving average price of $17.54 and a two-hundred day moving average price of $20.77. APA has a 1 year low of $13.58 and a 1 year high of $33.41. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.23. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. APA’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. Equities analysts forecast that APA will post 4.03 EPS for the current fiscal year.

APA Company Profile

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.