Stifel Europe raises its APA price target (NASDAQ: APA) to $ 37.00
APA (NASDAQ: APA) had its price target raised by Stifel Europe from $ 33.00 to $ 37.00 in a report released on Tuesday, Fly reports. Stifel Europe’s price target indicates a potential rise of 25.59% from the company’s previous close.
Other equity research analysts have also published reports on the company. Truist Securities downgraded the APA from a “hold” rating to a “buy” rating and raised its price target for the company from $ 29 to $ 45 in a research report released Thursday, November 4. Truist downgraded the APA from a “conservation” rating to a “buy” rating and raised its price target for the company from $ 29 to $ 45 in a research report released on Thursday, November 4. Stifel Nicolaus raised his price target on APA from $ 33.00 to $ 37.00 in a research report released on Tuesday. Piper Sandler raised her price target on the APA from $ 21.00 to $ 28.00 and gave the company a “neutral” rating in a research report published on Thursday, October 21. Finally, Scotiabank upgraded the APA from a “sector performance” rating to a “sector outperformance” rating and increased its target share price from $ 24.00 to $ 36.00 in a report. research published Wednesday, November 17. Eight analysts rated the stock with a conservation rating, eleven issued a buy rating and one issued a strong buy rating for the company’s stock. Based on MarketBeat data, the stock currently has an average rating of “Buy” and an average price target of $ 33.18.
The APA traded up $ 1.40 on Tuesday, reaching $ 29.46. 839,477 shares of the company were traded, for an average volume of 8,581,116. The company’s 50-day moving average is $ 27.12 and its 200-day moving average is $ 22.83. The company has a market cap of $ 10.70 billion, a price / earnings ratio of 19.64, a PEG ratio of 0.33 and a beta of 4.73. The APA has a twelve-month low of $ 14.03 and a twelve-month high of $ 31.14. The company has a debt to equity ratio of 110.79, a rapid ratio of 1.19 and a current ratio of 1.19.
The APA (NASDAQ: APA) last released its quarterly results on Wednesday, November 3. The company reported earnings per share of $ 0.98 for the quarter, beating the consensus estimate of $ 0.89 by $ 0.09 by the Zacks. The company posted revenue of $ 1.65 billion in the quarter, against analysts’ expectations of $ 1.76 billion. APA had a negative return on equity of 393.47% and a net margin of 8.91%. In the same quarter of the previous year, the company made EPS ($ 0.16). Sell-side analysts predict that APA will post an EPS of 4.1 for the current year.
Hedge funds and other institutional investors have recently changed their positions in the company. American Century Companies Inc. increased its stake in APA shares by 85.8% during the 2nd quarter. American Century Companies Inc. now owns 60,050 shares of the company valued at $ 1,299,000 after purchasing an additional 27,725 shares in the last quarter. The Ohio Public Employee Retirement System increased its stake in APA shares by 6.9% in the second quarter. The Ohio Public Employee Retirement System now owns 228,361 shares of the company worth $ 4,939,000 after purchasing an additional 14,779 shares in the last quarter. abrdn plc increased its stake in the shares of APA by 1.5% during the second quarter. abrdn plc now owns 143,521 shares of the company valued at $ 3,105,000 after purchasing an additional 2,185 shares during the last quarter. The Public Sector Pension Investment Board increased its stake in APA shares by 148.4% during the second quarter. The Public Sector Pension Investment Board now owns 88,826 shares of the company valued at $ 1,921,000 after purchasing an additional 53,064 shares in the last quarter. Finally, Stevens Capital Management LP increased its stake in APA shares by 29.7% during the second quarter. Stevens Capital Management LP now owns 13,892 shares of the company valued at $ 300,000 after purchasing an additional 3,185 shares in the last quarter. Hedge funds and other institutional investors hold 82.82% of the company’s shares.
APA Corp. explores oil and natural gas through its subsidiaries. It produces oil and gas with operations in the United States, Egypt and the United Kingdom and exploration activities off Suriname. The company was founded in 1954 and is headquartered in Houston, Texas.
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