APA (NASDAQ:APA) Price Target Lowered to $25.00 at Barclays

APA (NASDAQ:APA) had its price target reduced by equities research analysts at Barclays from $27.00 to $25.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 24.81% from the company’s previous close.

A number of other brokerages have also recently weighed in on APA. Mizuho decreased their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research note on Monday, December 16th. UBS Group decreased their price target on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. The Goldman Sachs Group decreased their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, January 3rd. Raymond James cut shares of APA from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. Finally, Wells Fargo & Company cut shares of APA from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $42.00 to $25.00 in a research note on Tuesday, December 17th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.60.

APA Trading Up 2.1 %

Shares of APA stock opened at $20.03 on Tuesday. The company has a fifty day simple moving average of $22.22 and a 200-day simple moving average of $23.23. APA has a 12-month low of $17.66 and a 12-month high of $36.05. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 2.83 and a beta of 3.26.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.18). The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. On average, equities analysts forecast that APA will post 4.03 EPS for the current fiscal year.

Institutional Investors Weigh In On APA

A number of large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its stake in shares of APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 1,077 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Riverview Trust Co boosted its stake in shares of APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of APA during the 4th quarter worth about $35,000. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Company Profile

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.