1 day Ago By ABMN Staff
APA ( NASDAQ:APA – Get Free Report ) had its price target dropped by equities research analysts at Mizuho from $35.00 to $28.00 in a note issued to investors on Monday, Benzinga reports.
The firm currently has an “underperform” rating on the stock. Mizuho’s target price indicates a potential upside of 10.89% from the company’s previous close.
APA has been the subject of several other research reports. Evercore ISI reissued an “in-line” rating and issued a $39.00 price objective on shares of APA in a report on Thursday, September 12th.
Sanford C. Bernstein cut their price target on APA from $37.00 to $30.
00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Susquehanna cut their price target on APA from $57.00 to $52.
00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Piper Sandler cut their price target on APA from $34.00 to $29.
00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Finally, UBS Group cut their price target on APA from $38.00 to $35.
00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.
67. View Our Latest Analysis on APA APA Stock Performance APA ( NASDAQ:APA – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.
17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.22.
The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.28 billion.
APA had a return on equity of 35.95% and a net margin of 32.66%.
The company’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.
85 EPS. On average, equities analysts expect that APA will post 4.34 EPS for the current year.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of APA by 4.
7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after purchasing an additional 2,004,555 shares during the last quarter.
Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of APA by 10.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after purchasing an additional 1,938,335 shares during the last quarter.
Harris Associates L P boosted its holdings in shares of APA by 17.8% during the 4th quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock worth $563,520,000 after purchasing an additional 2,367,570 shares during the last quarter.
Dimensional Fund Advisors LP boosted its holdings in shares of APA by 131.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after purchasing an additional 2,736,041 shares during the last quarter.
Finally, Bank of New York Mellon Corp boosted its holdings in shares of APA by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock worth $98,865,000 after purchasing an additional 455,312 shares during the last quarter.
83.01% of the stock is currently owned by institutional investors and hedge funds. About APA ( Get Free Report ) 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. Read More Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.
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