APA Group (OTCMKTS:APAJF) Stock Price Up 4.3% – Time to Buy?

APA Group (OTCMKTS:APAJF)’s stock price traded up 4.3% during trading on Tuesday . The stock traded as high as $6.6650 and last traded at $6.10. 6,966 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 5,487 shares. The stock had previously closed at $5.85.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group set a $9.00 price target on shares of APA Group and gave the stock a “neutral” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, APA Group presently has an average rating of “Hold” and an average price target of $9.00.

APA Group Price Performance

The stock has a 50-day simple moving average of $5.91 and a 200-day simple moving average of $5.59.

About APA Group

APA Group is one of Australia’s leading energy infrastructure companies, primarily engaged in the ownership, operation and development of natural gas transmission pipelines and related assets. The company’s network extends over 15,000 kilometres, connecting major gas basins to industrial, commercial and residential users across eastern and western Australia, the Northern Territory and into New Zealand. Beyond gas transportation, APA Group also provides gas storage services and operates a growing portfolio of electricity transmission assets and telecommunications infrastructure co-located with its pipeline corridors.

Founded in 2000 as the APA Gas Pipeline Trust and rebranded as APA Group in 2004, the company has expanded through strategic acquisitions and greenfield developments.