16,794 Shares in APA Corporation $APA Bought by Bailard Inc.

Bailard Inc. purchased a new position in APA Corporation (NASDAQ:APA) in the fourth quarter, HoldingsChannel reports. The fund purchased 16,794 shares of the company’s stock, valued at approximately $411,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Capital Management of KS Inc. bought a new stake in shares of APA in the third quarter worth $1,214,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of APA in the third quarter worth $2,337,000. Allspring Global Investments Holdings LLC increased its stake in shares of APA by 57.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 306,195 shares of the company’s stock worth $7,765,000 after buying an additional 111,777 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of APA by 2,049.4% in the third quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock worth $9,797,000 after buying an additional 384,738 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in APA by 71.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 185,818 shares of the company’s stock valued at $4,437,000 after purchasing an additional 77,125 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Matthew Regis Bob sold 23,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total value of $833,290.00. Following the transaction, the director owned 6,634 shares in the company, valued at approximately $240,349.82. This represents a 77.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

APA Price Performance

Shares of NASDAQ APA opened at $38.98 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. APA Corporation has a twelve month low of $16.15 and a twelve month high of $45.66. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of 9.09 and a beta of 0.38. The firm has a 50-day moving average of $38.17 and a two-hundred day moving average of $30.03.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.27. APA had a net margin of 17.38% and a return on equity of 20.70%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, analysts expect that APA Corporation will post 5.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

APA has been the subject of several recent research reports. Mizuho boosted their target price on shares of APA from $29.00 to $32.00 and gave the company an “underperform” rating in a research note on Thursday, May 7th. Bank of America boosted their target price on shares of APA from $23.00 to $27.00 and gave the company an “underperform” rating in a research note on Monday, March 16th. Morgan Stanley boosted their target price on shares of APA from $22.00 to $43.00 and gave the company an “underweight” rating in a research note on Tuesday, April 28th. Barclays upgraded shares of APA from an “underweight” rating to an “equal weight” rating and set a $35.00 target price for the company in a research note on Monday, March 23rd. Finally, Wolfe Research boosted their target price on shares of APA from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.81.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.