Susquehanna Issues Pessimistic Forecast for APA (NASDAQ:APA) Stock Price

APA (NASDAQ:APA) had its price objective dropped by research analysts at Susquehanna from $33.00 to $31.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 66.94% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. UBS Group dropped their price target on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $42.00 to $25.00 in a report on Tuesday, December 17th. Citigroup decreased their price objective on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Piper Sandler decreased their price objective on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group decreased their price objective on APA from $25.00 to $22.00 and set a “sell” rating for the company in a report on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, APA currently has an average rating of “Hold” and a consensus price target of $29.80.

APA Stock Down 1.7 %

Shares of NASDAQ:APA opened at $18.57 on Monday. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 2.62 and a beta of 3.26. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The business’s 50-day moving average is $22.86 and its 200-day moving average is $23.83. APA has a 1 year low of $18.00 and a 1 year high of $36.04.

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

Insider Activity at APA

In other news, Director Juliet S. Ellis acquired 4,391 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the purchase, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On APA

Several institutional investors have recently bought and sold shares of APA. Siemens Fonds Invest GmbH purchased a new stake in shares of APA during the fourth quarter worth $42,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of APA during the fourth quarter worth $1,721,000. Jefferies Financial Group Inc. lifted its position in shares of APA by 459.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 53,538 shares of the company’s stock worth $1,236,000 after acquiring an additional 43,974 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of APA during the fourth quarter worth $2,612,000. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of APA during the fourth quarter worth $204,000. Hedge funds and other 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.