APA (NASDAQ:APA) Upgraded at TD Cowen

APA (NASDAQ:APA) was upgraded by analysts at TD Cowen to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on APA. Stephens upped their target price on APA from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Sanford C. Bernstein decreased their price objective on shares of APA from $26.00 to $25.00 and set a “market perform” rating for the company in a research note on Monday, January 5th. Zacks Research downgraded shares of APA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Morgan Stanley reduced their target price on APA from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Friday, January 23rd. Finally, Roth Mkm raised their target price on APA from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.35.

APA Price Performance

APA opened at $27.49 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $25.51 and its 200 day moving average price is $23.69. APA has a fifty-two week low of $13.58 and a fifty-two week high of $27.92. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 6.61, a price-to-earnings-growth ratio of 12.55 and a beta of 0.74.

Hedge Funds Weigh In On APA

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. boosted its stake 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 in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of APA by 3.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 14,648 shares of the company’s stock worth $358,000 after acquiring an additional 461 shares during the last quarter. Howard Capital Management Inc. raised its position in APA by 0.5% in the 3rd quarter. Howard Capital Management Inc. now owns 94,848 shares of the company’s stock worth $2,303,000 after purchasing an additional 485 shares during the last quarter. one8zero8 LLC raised its position in shares of APA by 1.2% during 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 during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of APA by 0.5% during the third quarter. Arizona State Retirement System now owns 106,734 shares of the company’s stock valued at $2,592,000 after acquiring an additional 517 shares during the period. 83.01% of the stock is owned by institutional investors.

APA Company Profile

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.