APA (NASDAQ:APA) Price Target Cut to $25.00 by Analysts at JPMorgan Chase & Co.

APA (NASDAQ:APA) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $29.00 to $25.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 10.62% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Wolfe Research began coverage on APA in a report on Thursday, July 18th. They set an “outperform” rating and a $42.00 target price for the company. Evercore ISI cut their price target on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a report on Monday, September 30th. Sanford C. Bernstein decreased their price objective on shares of APA from $37.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Truist Financial cut their target price on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, UBS Group lowered their price target on APA from $35.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, APA presently has a consensus rating of “Hold” and an average price target of $32.95.

APA Trading Up 2.6 %

APA stock opened at $22.60 on Wednesday. The company has a market capitalization of $8.36 billion, a PE ratio of 3.19 and a beta of 3.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA has a one year low of $21.15 and a one year high of $38.27. The company’s 50 day moving average price is $24.57 and its two-hundred day moving average price is $27.76.

Institutional Investors Weigh In On APA

Several institutional investors have recently modified their holdings of the business. Covestor Ltd lifted its stake in APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after acquiring an additional 470 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of APA by 386.7% during 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 during the last quarter. Rothschild Investment LLC purchased a new position in shares of APA during the second quarter valued at approximately $42,000. Huntington National Bank boosted its holdings in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its holdings in APA by 1,325.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after purchasing an additional 1,590 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

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.