15,466 Shares in APA Co. (NASDAQ:APA) Purchased by PharVision Advisers LLC

PharVision Advisers LLC bought a new position in APA Co. (NASDAQ:APA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,466 shares of the company’s stock, valued at approximately $357,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of APA by 29.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company’s stock worth $122,328,000 after buying an additional 1,195,212 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in APA in the fourth quarter valued at about $19,796,000. Woodline Partners LP purchased a new position in APA in the fourth quarter worth about $513,000. Sovereign s Capital Management LLC purchased a new position in APA in the fourth quarter worth about $1,132,000. Finally, Tidal Investments LLC grew its stake in shares of APA by 49.1% during the 4th quarter. Tidal Investments LLC now owns 93,019 shares of the company’s stock valued at $2,148,000 after purchasing an additional 30,619 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Stock Performance

NASDAQ APA opened at $17.25 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 1-year low of $13.58 and a 1-year high of $33.41. The business has a 50 day simple moving average of $17.43 and a two-hundred day simple moving average of $20.63. The stock has a market capitalization of $6.24 billion, a PE ratio of 2.44 and a beta of 1.18.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.23. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.17 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. The business’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, research analysts predict that APA Co. will post 4.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APA has been the topic of several recent research reports. Morgan Stanley set a $20.00 price objective on APA and gave the stock an “underweight” rating in a research note on Tuesday, April 15th. Wells Fargo & Company decreased their target price on shares of APA from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Mizuho dropped their price target on shares of APA from $20.00 to $19.00 and set an “underperform” rating for the company in a research report on Tuesday, May 13th. Scotiabank reduced their price objective on shares of APA from $26.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, APA currently has an average rating of “Hold” and an average price target of $25.53.

APA 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.