Susquehanna Lowers APA (NASDAQ:APA) Price Target to $52.00

APA (NASDAQ:APA) had its price objective decreased by Susquehanna from $57.00 to $52.00 in a research note released on Wednesday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other equities research analysts have also issued reports on APA. Bank of America reissued an underperform rating and issued a $31.00 target price on shares of APA in a research report on Friday, June 14th. StockNews.com lowered shares of APA from a buy rating to a hold rating in a research report on Friday, May 10th. Wolfe Research initiated coverage on shares of APA in a research report on Thursday, July 18th. They set an outperform rating and a $42.00 price target on the stock. Citigroup decreased their price target on APA from $35.00 to $33.00 and set a neutral rating for the company in a research note on Friday, May 24th. Finally, Scotiabank decreased their price objective on shares of APA from $37.00 to $30.00 and set a sector perform rating for the company in a research report on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, APA presently has a consensus rating of Hold and an average target price of $37.81.

APA Stock Down 2.8 %

Shares of APA stock opened at $25.24 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. The stock has a market cap of $9.37 billion, a PE ratio of 2.82 and a beta of 3.26. The business has a fifty day simple moving average of $29.24 and a 200 day simple moving average of $30.49. APA has a 12 month low of $25.09 and a 12 month high of $44.98.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. APA had a return on equity of 35.95% and a net margin of 32.66%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the business earned $0.85 EPS. APA’s revenue for the quarter was up 41.6% compared to the same quarter last year. Research analysts predict that APA will post 4.36 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in APA. American National Bank grew its holdings in shares of APA by 208.5% during the first quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after purchasing an additional 490 shares in the last quarter. Covestor Ltd lifted its position 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 purchasing an additional 470 shares during the last quarter. Principal Securities Inc. purchased a new position in APA in the 4th quarter worth approximately $39,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of APA during the 2nd quarter valued at $42,000. 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.