Barclays Lowers APA (NASDAQ:APA) Price Target to $25.00

APA (NASDAQ:APA) had its price objective dropped by investment analysts at Barclays from $27.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 20.13% from the stock’s current price.

APA has been the topic of several other research reports. Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their target price on APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Raymond James lowered APA from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of APA in a report on Thursday, January 23rd. Finally, Susquehanna reduced their price target on APA from $33.00 to $31.00 and set a “positive” rating for the company in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, APA currently has a consensus rating of “Hold” and an average price target of $28.60.

APA Price Performance

Shares of APA opened at $20.81 on Tuesday. 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 has a 1 year low of $17.66 and a 1 year high of $36.05. The stock has a market cap of $7.58 billion, a P/E ratio of 2.94 and a beta of 3.26. The stock’s 50-day moving average price is $22.09 and its two-hundred day moving average price is $23.15.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. On average, equities analysts predict that APA will post 4.03 earnings per share for the current year.

Hedge Funds Weigh In On APA

A number of institutional investors have recently modified their holdings of APA. Brown Brothers Harriman & Co. increased its stake in shares of APA by 1,087.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 1,077 shares during the period. TD Private Client Wealth LLC boosted its position in shares of APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares in the last quarter. Riverview Trust Co boosted its position in shares of APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after purchasing an additional 586 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of APA during the 4th quarter valued at about $35,000. Institutional investors and hedge funds 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.