Mizuho Lowers APA (NASDAQ:APA) Price Target to $24.00

APA (NASDAQ:APA) had its price objective decreased by equities research analysts at Mizuho from $25.00 to $24.00 in a report issued on Monday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 14.01% from the company’s current price.

Several other brokerages also recently commented on APA. Scotiabank cut their target price on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Bernstein Bank cut their target price on APA from $30.00 to $28.00 in a research note on Friday, October 18th. Royal Bank of Canada cut their target price on APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Truist Financial lowered their price target on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Barclays lowered their price target on APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, APA presently has a consensus rating of “Hold” and an average price target of $31.14.

APA Stock Performance

Shares of APA opened at $21.05 on Monday. The business’s fifty day simple moving average is $23.30 and its two-hundred day simple moving average is $26.44. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA has a 12 month low of $20.45 and a 12 month high of $37.82. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 2.97 and a beta of 3.18.

Insider Activity at APA

In other APA news, Director Juliet S. Ellis acquired 4,391 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the transaction, the director now directly owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On APA

Several large investors have recently made changes to their positions in the business. Citizens Financial Group Inc. RI increased its holdings in shares of APA by 6.7% in the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after purchasing an additional 429 shares during the last quarter. Signaturefd LLC increased its holdings in shares of APA by 7.1% in the second quarter. Signaturefd LLC now owns 7,108 shares of the company’s stock worth $209,000 after purchasing an additional 472 shares during the last quarter. Washington Trust Bank increased its holdings in shares of APA by 5.9% in the second quarter. Washington Trust Bank now owns 8,794 shares of the company’s stock worth $259,000 after purchasing an additional 492 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock worth $765,000 after purchasing an additional 497 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of APA by 16.9% in the third quarter. UMB Bank n.a. now owns 3,556 shares of the company’s stock worth $87,000 after purchasing an additional 513 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

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.