APA (NASDAQ:APA) Earns “Underweight” Rating from Barclays

APA (NASDAQ:APA)‘s stock had its “underweight” rating reiterated by Barclays in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

A number of other research analysts have also issued reports on APA. JPMorgan Chase & Co. reduced their target price on shares of APA from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. Evercore ISI reduced their price objective on shares of APA from $21.00 to $16.00 in a research note on Tuesday, November 4th. BMO Capital Markets raised their target price on shares of APA from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, October 13th. Mizuho lifted their target price on shares of APA from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Friday, December 12th. Finally, The Goldman Sachs Group increased their price target on APA from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Thursday, November 20th. Six equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, APA has a consensus rating of “Hold” and an average target price of $26.39.

APA Price Performance

Shares of NASDAQ:APA opened at $25.55 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.78 and a current ratio of 0.78. The business’s fifty day moving average price is $25.04 and its two-hundred day moving average price is $23.04. The stock has a market cap of $9.06 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 11.84 and a beta of 0.74. APA has a one year low of $13.58 and a one year high of $27.72.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.19. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. APA had a return on equity of 19.86% and a net margin of 15.49%.The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, analysts forecast that APA will post 4.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in APA by 2.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,208,961 shares of the company’s stock worth $259,882,000 after acquiring an additional 275,981 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of APA by 13.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock worth $340,657,000 after purchasing an additional 1,674,739 shares during the period. Northern Trust Corp grew its holdings in shares of APA by 29.6% during the 3rd quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock worth $108,349,000 after purchasing an additional 1,018,326 shares during the period. AQR Capital Management LLC increased its position in APA by 157.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after purchasing an additional 1,869,891 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in APA by 23.9% in the second quarter. First Trust Advisors LP now owns 2,710,405 shares of the company’s stock valued at $49,573,000 after buying an additional 522,947 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: Jefferies raised its price target on APA to $22 (from $21) and kept a “hold” rating — a modest positive signal that trims downside versus prior forecasts. Jefferies PT raise
• Positive Sentiment: The Goldman Sachs team bumped its price target to $23 (from $21) even while retaining a “sell” rating — the higher target is marginally supportive of the share price versus the prior forecast. Goldman Sachs PT raise
• Positive Sentiment: Zacks updated short-term quarterly estimates (small increases to some Q3/Q4 items), indicating analysts are still refining near-term forecasts rather than cutting them uniformly. Zacks estimates update
• Neutral Sentiment: Pre-earnings previews (Yahoo Finance, Barchart) note consensus expects a double-digit earnings contraction for APA in the upcoming quarter — this sets a lower bar for the quarter but is informational until results are released. Yahoo earnings preview Barchart earnings preview
• Negative Sentiment: Zacks downgraded APA from “hold” to a “strong sell” — a substantive negative rating change that increases selling pressure and signals low analyst conviction. Zacks downgrade
• Negative Sentiment: Barclays reaffirmed an underweight/negative stance on APA, contributing to the sell-side consensus pressure. Barclays downgrade
• Negative Sentiment: JPMorgan trimmed its price target to $25 (from $26) and kept a “neutral” rating — a small but incremental cut that removes upside and signals caution. JPMorgan PT cut

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.