APA (NASDAQ:APA) PT Lowered to $33.00 at Piper Sandler

APA (NASDAQ:APA) had its price target reduced by Piper Sandler from $35.00 to $33.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on APA. JPMorgan Chase & Co. lifted their target price on APA from $38.00 to $40.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Scotiabank reaffirmed a sector perform rating and set a $37.00 price objective (down previously from $43.00) on shares of APA in a research report on Tuesday, January 16th. Royal Bank of Canada reissued a sector perform rating and issued a $45.00 target price on shares of APA in a report on Monday, April 8th. Wells Fargo & Company began coverage on shares of APA in a report on Wednesday, April 24th. They set an overweight rating and a $55.00 price target for the company. Finally, Mizuho lifted their price objective on shares of APA from $32.00 to $34.00 and gave the company an underperform rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $42.20.

APA Trading Down 0.1 %

Shares of APA stock opened at $30.51 on Tuesday. APA has a 1 year low of $28.90 and a 1 year high of $46.15. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 3.41 and a beta of 3.29. The business has a fifty day simple moving average of $32.56 and a two-hundred day simple moving average of $33.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.16.

APA (NASDAQ:APA) last announced its earnings results on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 EPS. Research analysts forecast that APA will post 4.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Comerica Bank boosted its stake in shares of APA by 0.9% in the 1st quarter. Comerica Bank now owns 176,535 shares of the company’s stock valued at $6,069,000 after purchasing an additional 1,641 shares during the last quarter. California State Teachers Retirement System boosted its position in APA by 3.3% during the first quarter. California State Teachers Retirement System now owns 443,818 shares of the company’s stock valued at $15,258,000 after acquiring an additional 14,069 shares during the last quarter. Black Maple Capital Management LP grew its holdings in APA by 134.3% during the 1st quarter. Black Maple Capital Management LP now owns 104,877 shares of the company’s stock worth $3,606,000 after acquiring an additional 60,112 shares during the period. Paloma Partners Management Co bought a new position in shares of APA in the 1st quarter worth about $316,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of APA by 8.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 139,365 shares of the company’s stock valued at $4,791,000 after purchasing an additional 10,981 shares during the period. 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.