APA (NASDAQ:APA) PT Lowered to $32.00

APA (NASDAQ:APA) had its price objective dropped by stock analysts at Mizuho from $34.00 to $32.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 9.36% from the stock’s previous close.

APA has been the subject of several other reports. Scotiabank restated a “sector perform” rating and issued a $37.00 target price (down from $43.00) on shares of APA in a research note on Tuesday, January 16th. JPMorgan Chase & Co. lifted their target price on APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. The Goldman Sachs Group reduced their price target on APA from $35.00 to $31.00 and set a “sell” rating for the company in a report on Tuesday, March 26th. StockNews.com upgraded APA from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Roth Mkm upped their target price on APA from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, APA presently has a consensus rating of “Hold” and a consensus target price of $42.05.

APA Stock Up 0.3 %

APA opened at $29.26 on Thursday. APA has a 12 month low of $28.90 and a 12 month high of $46.15. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $32.54 and a two-hundred day moving average of $34.22. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 3.26 and a beta of 3.29.

APA (NASDAQ:APA) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). APA had a return on equity of 50.56% and a net margin of 34.04%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business earned $1.19 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts expect that APA will post 5.03 earnings per share for the current year.

Institutional Investors Weigh In On APA

Large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC raised its holdings in APA by 16.2% during the third quarter. Commonwealth Equity Services LLC now owns 64,406 shares of the company’s stock worth $2,647,000 after acquiring an additional 9,001 shares in the last quarter. SVB Wealth LLC bought a new position in shares of APA in the third quarter valued at $225,000. Raymond James & Associates grew its stake in shares of APA by 4.6% in the third quarter. Raymond James & Associates now owns 643,011 shares of the company’s stock valued at $26,428,000 after buying an additional 28,102 shares in the last quarter. Brown Advisory Inc. acquired a new position in APA during the third quarter worth $222,000. Finally, Jessup Wealth Management Inc bought a new stake in APA during the third quarter worth $304,000. 83.01% of the stock is currently owned by 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.