APA (NASDAQ:APA) Given “In-Line” Rating at Evercore ISI

Evercore ISI reissued their in-line rating on shares of APA (NASDAQ:APA) in a research note issued to investors on Thursday, Benzinga reports. They currently have a $39.00 price target on the stock.

A number of other research firms have also recently weighed in on APA. Citigroup lowered their target price on shares of APA from $33.00 to $32.00 and set a neutral rating on the stock in a research note on Monday, September 9th. Mizuho upped their price objective on APA from $34.00 to $35.00 and gave the stock an underperform rating in a research note on Tuesday, May 21st. Scotiabank cut their target price on APA from $37.00 to $30.00 and set a sector perform rating for the company in a research report on Friday, July 12th. Sanford C. Bernstein lowered their price target on APA from $37.00 to $30.00 and set a market perform rating on the stock in a report on Wednesday, July 17th. Finally, Barclays reaffirmed an equal weight rating and set a $35.00 price objective on shares of APA in a report on Wednesday. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $37.00.

APA Stock Up 1.0 %

NASDAQ APA opened at $23.94 on Thursday. The stock’s 50-day moving average price is $28.71 and its 200-day moving average price is $30.27. The company has a market capitalization of $8.86 billion, a P/E ratio of 2.68 and a beta of 3.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. APA has a 52 week low of $22.72 and a 52 week high of $43.58.

APA (NASDAQ:APA) last released its earnings results on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm’s revenue was up 41.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. On average, equities research analysts predict that APA will post 4.34 earnings per share for the current year.

Institutional Trading of APA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in APA by 4.7% during the first 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 last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake 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 worth $728,347,000 after purchasing an additional 1,938,335 shares during the period. Harris Associates L P grew its holdings in 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 purchasing an additional 2,367,570 shares during the last quarter. Dimensional Fund Advisors LP raised its position in APA by 131.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after purchasing an additional 2,736,041 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in APA by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock worth $98,865,000 after purchasing an additional 455,312 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

About APA

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.