APA (NASDAQ:APA) PT Lowered to $32.00 at Mizuho

APA (NASDAQ:APA) had its price target dropped by stock analysts at Mizuho from $34.00 to $32.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 4.92% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on APA. Roth Mkm upped their price objective on shares of APA from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. StockNews.com raised APA from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Barclays began coverage on APA in a report on Wednesday, April 10th. They set an “equal weight” rating and a $40.00 price target on the stock. Wells Fargo & Company initiated coverage on APA in a research note on Wednesday, April 24th. They issued an “overweight” rating and a $55.00 price objective for the company. Finally, Piper Sandler lifted their target price on APA from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, APA has a consensus rating of “Hold” and an average price target of $42.15.

APA Stock Down 3.0 %

APA stock opened at $30.50 on Thursday. The stock’s 50 day moving average is $32.58 and its 200-day moving average is $34.28. APA has a twelve month low of $29.47 and a twelve month high of $46.15. The firm has a market capitalization of $9.18 billion, a PE ratio of 3.29 and a beta of 3.29. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.89 billion. APA had a return on equity of 62.64% and a net margin of 34.95%. APA’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. Sell-side analysts expect that APA will post 5.03 EPS for the current fiscal year.

Hedge Funds Weigh In On APA

Large investors have recently modified their holdings of the company. American National Bank increased its stake in APA by 208.5% in the 1st quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after acquiring an additional 490 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in APA in the 3rd quarter worth approximately $34,000. Rakuten Securities Inc. bought a new position in shares of APA in the 4th quarter worth $34,000. Quent Capital LLC raised its position in shares of APA by 64.0% during the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after buying an additional 375 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of APA during the 4th quarter worth $39,000. 83.01% of the stock is currently owned by institutional investors.

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.