APA (NASDAQ:APA) PT Raised to $57.00

APA (NASDAQ:APA) had its price objective boosted by stock analysts at Susquehanna from $54.00 to $57.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 86.82% from the company’s current price.

A number of other equities research analysts have also recently commented on APA. JPMorgan Chase & Co. raised their target price on shares of APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Scotiabank reaffirmed a “sector perform” rating and issued a $37.00 target price (down previously from $43.00) on shares of APA in a report on Tuesday, January 16th. Mizuho cut their price target on APA from $34.00 to $32.00 and set an “underperform” rating for the company in a research note on Thursday, May 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price target on shares of APA in a report on Monday, April 8th. Finally, Piper Sandler raised their price target on APA from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, April 19th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, APA presently has a consensus rating of “Hold” and an average target price of $42.20.

APA Trading Up 0.8 %

Shares of APA stock opened at $30.51 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 3.41 and a beta of 3.29. APA has a 1 year low of $28.90 and a 1 year high of $46.15. The firm has a fifty day moving average price of $32.54 and a 200-day moving average price of $33.80.

APA (NASDAQ:APA) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). APA had a net margin of 34.04% and a return on equity of 45.32%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm posted $1.19 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities analysts predict that APA will post 5.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American National Bank grew its position in APA by 208.5% in the first quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after acquiring an additional 490 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in APA in the third quarter worth about $34,000. Rakuten Securities Inc. purchased a new position in APA in the fourth quarter worth about $34,000. Quent Capital LLC grew its position in APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after acquiring an additional 375 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in APA in the fourth quarter worth about $39,000. Hedge funds and other institutional investors 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.