APA (NASDAQ:APA) Price Target Cut to $25.00 by Analysts at Barclays

APA (NASDAQ:APA) had its target price decreased by Barclays from $27.00 to $25.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 20.13% from the stock’s current price.

A number of other analysts also recently commented on the company. Raymond James downgraded APA from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $45.00 to $32.00 in a research report on Monday, March 10th. Piper Sandler cut their price target on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Citigroup cut their price target on APA from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Monday. Susquehanna cut their price target on APA from $33.00 to $31.00 and set a “positive” rating for the company in a report on Monday, March 3rd. Finally, UBS Group cut their price target on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Four equities research 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, the stock currently has an average rating of “Hold” and an average price target of $28.60.

APA Stock Up 3.2 %

APA stock opened at $20.81 on Tuesday. APA has a twelve month low of $17.66 and a twelve month high of $36.05. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $22.09 and its 200-day moving average is $23.15. The firm has a market capitalization of $7.58 billion, a PE ratio of 2.94 and a beta of 3.26.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Sell-side analysts expect that APA will post 4.03 EPS for the current fiscal year.

Institutional Investors Weigh In On APA

Several hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in APA by 0.4% during the fourth quarter. ProShare Advisors LLC now owns 113,913 shares of the company’s stock worth $2,630,000 after purchasing an additional 449 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of APA by 0.6% in the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock worth $1,780,000 after buying an additional 469 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of APA by 1.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company’s stock worth $1,018,000 after buying an additional 517 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after buying an additional 540 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of APA by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock worth $3,070,000 after buying an additional 544 shares during the period. Institutional investors own 83.01% of the company’s stock.

About APA

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.