APA (NASDAQ:APA) PT Lowered to $30.00

APA (NASDAQ:APA) had its price target decreased by Scotiabank from $37.00 to $30.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential downside of 0.20% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Mizuho upped their price target on shares of APA from $34.00 to $35.00 and gave the company an “underperform” rating in a report on Tuesday, May 21st. StockNews.com cut shares of APA from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Susquehanna boosted their price objective on APA from $54.00 to $57.00 and gave the company a “positive” rating in a report on Tuesday, May 7th. Bank of America reaffirmed an “underperform” rating and set a $31.00 target price on shares of APA in a report on Friday, June 14th. Finally, Evercore ISI downgraded APA from an “outperform” rating to an “inline” rating and lowered their price target for the company from $52.00 to $39.00 in a report on Friday, June 14th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.95.

APA Stock Up 0.9 %

APA stock traded up $0.27 during trading on Friday, reaching $30.06. The stock had a trading volume of 2,994,997 shares, compared to its average volume of 6,420,947. The firm has a fifty day moving average price of $29.43 and a 200 day moving average price of $31.39. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $11.16 billion, a P/E ratio of 3.36, a PEG ratio of 0.34 and a beta of 3.26. APA has a 1-year low of $27.17 and a 1-year high of $46.15.

APA (NASDAQ:APA) last issued its quarterly earnings results 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 net margin of 34.04% and a return on equity of 45.32%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $1.19 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that APA will post 4.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in APA. American National Bank increased its stake in shares of APA by 208.5% during the first quarter. American National Bank now owns 725 shares of the company’s stock valued at $25,000 after acquiring an additional 490 shares during the period. Rakuten Securities Inc. acquired a new position in shares of APA during the 4th quarter valued at $34,000. Quent Capital LLC raised its stake in shares of APA by 64.0% in the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after buying an additional 375 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of APA in the fourth quarter valued at $39,000. Finally, Covestor Ltd boosted its stake in APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after buying an additional 470 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

About APA

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.