APA (NASDAQ:APA) PT Lowered to $27.00

APA (NASDAQ:APA) had its price objective cut by JPMorgan Chase & Co. from $36.00 to $27.00 in a research note released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also commented on APA. Susquehanna lowered their price target on APA from $57.00 to $52.00 and set a positive rating for the company in a research report on Wednesday, September 4th. Evercore ISI reiterated an in-line rating and issued a $39.00 target price on shares of APA in a report on Thursday. Wells Fargo & Company cut their price target on shares of APA from $50.00 to $49.00 and set an overweight rating on the stock in a report on Wednesday, August 14th. Piper Sandler decreased their price objective on shares of APA from $34.00 to $29.00 and set a neutral rating for the company in a research note on Thursday, August 15th. Finally, Mizuho lifted their target price on shares of APA from $34.00 to $35.00 and gave the stock an underperform rating in a research report on Tuesday, May 21st. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $37.00.

APA Stock Up 1.0 %

Shares of NASDAQ APA opened at $23.94 on Thursday. APA has a 1 year low of $22.72 and a 1 year high of $43.58. The stock 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 debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50-day moving average price of $28.71 and a 200-day moving average price of $30.27.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. APA had a return on equity of 35.95% and a net margin of 32.66%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 41.6% on a year-over-year basis. On average, equities research analysts forecast that APA will post 4.34 EPS for the current fiscal year.

Institutional Trading of APA

Several hedge funds and other institutional investors have recently modified their holdings of APA. American National Bank boosted its holdings in APA by 208.5% in the 1st quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after buying an additional 490 shares during the period. Covestor Ltd lifted its position in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after acquiring an additional 470 shares in the last quarter. Principal Securities Inc. bought a new position in shares of APA in the fourth quarter worth $39,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of APA by 386.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of APA in the second quarter valued at $42,000. Institutional investors own 83.01% of the company’s stock.

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.