APA (NASDAQ:APA) Price Target Raised to $32.00 at Capital One Financial

APA (NASDAQ:APA) had its target price lifted by stock analysts at Capital One Financial from $31.00 to $32.00 in a report released on Wednesday,MarketScreener reports. The firm currently has an “overweight” rating on the stock. Capital One Financial‘s price target points to a potential upside of 0.57% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup upped their price objective on shares of APA from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Raymond James Financial restated an “outperform” rating and issued a $31.00 target price on shares of APA in a research report on Monday, November 24th. Barclays set a $24.00 price target on APA in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on APA from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada boosted their price target on shares of APA from $26.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.63.

APA Price Performance

Shares of NASDAQ APA opened at $31.82 on Wednesday. APA has a 1-year low of $13.58 and a 1-year high of $33.78. The firm has a market capitalization of $11.24 billion, a PE ratio of 7.97, a P/E/G ratio of 16.90 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average price is $27.34 and its two-hundred day moving average price is $25.15.

APA (NASDAQ:APA) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.62 by $0.29. APA had a net margin of 15.55% and a return on equity of 19.89%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business earned $0.79 earnings per share. APA’s revenue was down 26.6% compared to the same quarter last year. On average, research analysts expect that APA will post 4.03 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. increased its holdings in shares of APA by 1.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 28,171 shares of the company’s stock valued at $689,000 after purchasing an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in APA by 3.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 14,648 shares of the company’s stock valued at $358,000 after acquiring an additional 461 shares in the last quarter. Howard Capital Management Inc. lifted its stake in APA by 0.5% in the third quarter. Howard Capital Management Inc. now owns 94,848 shares of the company’s stock valued at $2,303,000 after acquiring an additional 485 shares during the last quarter. one8zero8 LLC grew its position in APA by 1.2% in the third quarter. one8zero8 LLC now owns 42,254 shares of the company’s stock worth $1,026,000 after acquiring an additional 488 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of APA by 0.5% during the 3rd quarter. Arizona State Retirement System now owns 106,734 shares of the company’s stock worth $2,592,000 after purchasing an additional 517 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

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.