APA (NASDAQ:APA) Stock Rating Upgraded by TD Cowen

APA (NASDAQ:APA) was upgraded by equities researchers at TD Cowen to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Johnson Rice upgraded APA from a “hold” rating to an “accumulate” rating and raised their price target for the company from $35.00 to $40.00 in a research note on Thursday, December 4th. Citigroup upped their price target on shares of APA from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. BMO Capital Markets increased their price objective on APA from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, October 13th. Benchmark reaffirmed a “buy” rating on shares of APA in a report on Monday, February 2nd. Finally, The Goldman Sachs Group boosted their price target on APA from $21.00 to $23.00 and gave the company a “sell” rating in a research note on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.35.

APA Trading Up 0.1%

NASDAQ:APA opened at $27.49 on Monday. APA has a fifty-two week low of $13.58 and a fifty-two week high of $27.92. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78. The business’s 50-day simple moving average is $25.51 and its 200-day simple moving average is $23.69. The stock has a market capitalization of $9.75 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 12.55 and a beta of 0.74.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in APA. Allspring Global Investments Holdings LLC lifted its holdings in shares of APA by 869.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 194,418 shares of the company’s stock valued at $4,872,000 after purchasing an additional 174,369 shares during the last quarter. Prudential Financial Inc. raised its stake in APA by 38.8% in the second quarter. Prudential Financial Inc. now owns 284,275 shares of the company’s stock valued at $5,199,000 after buying an additional 79,451 shares during the last quarter. Pacific Heights Asset Management LLC boosted its holdings in APA by 33.3% in the second quarter. Pacific Heights Asset Management LLC now owns 400,000 shares of the company’s stock worth $7,316,000 after acquiring an additional 100,000 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of APA during the third quarter worth about $2,337,000. Finally, AE Wealth Management LLC increased its holdings in shares of APA by 2,049.4% during the third quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock valued at $9,797,000 after acquiring an additional 384,738 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.