Mizuho Boosts APA (NASDAQ:APA) Price Target to $24.00

APA (NASDAQ:APAGet Free Report) had its price objective lifted by investment analysts at Mizuho from $22.00 to $24.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has an “underperform” rating on the stock. Mizuho’s price objective points to a potential downside of 19.58% from the company’s previous close.

Other analysts also recently issued reports about the stock. Citigroup raised their price objective on shares of APA from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Susquehanna upped their price objective on APA from $30.00 to $32.00 and gave the stock a “positive” rating in a research note on Wednesday, November 12th. Johnson Rice raised APA from a “hold” rating to an “accumulate” rating and lifted their target price for the company from $35.00 to $40.00 in a research note on Thursday, December 4th. Benchmark reaffirmed a “buy” rating on shares of APA in a report on Monday, February 2nd. Finally, Roth Mkm increased their target price on APA from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday. Seven investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.39.

View Our Latest Stock Report on APA

APA Trading Up 2.5%

NASDAQ:APA opened at $29.84 on Thursday. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 12.72 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78. The business has a fifty day moving average price of $26.15 and a 200-day moving average price of $24.45. APA has a one year low of $13.58 and a one year high of $30.08.

APA (NASDAQ:APAGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.62 by $0.29. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.89 billion. APA had a return on equity of 20.08% and a net margin of 15.55%.The business’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. Sell-side analysts forecast that APA will post 4.03 EPS for the current year.

Institutional Trading of APA

Several institutional investors and hedge funds have recently made changes to their positions in APA. Allspring Global Investments Holdings LLC grew its stake in APA by 869.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 194,418 shares of the company’s stock worth $4,872,000 after buying an additional 174,369 shares during the last quarter. Prudential Financial Inc. boosted its holdings in APA by 38.8% in the second quarter. Prudential Financial Inc. now owns 284,275 shares of the company’s stock worth $5,199,000 after acquiring an additional 79,451 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of APA during the third quarter worth about $2,337,000. AE Wealth Management LLC grew its stake in shares of APA by 2,049.4% during the third quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock worth $9,797,000 after acquiring an additional 384,738 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of APA by 22.0% during the second quarter. Schroder Investment Management Group now owns 914,667 shares of the company’s stock valued at $16,729,000 after acquiring an additional 165,006 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

Key APA News

Here are the key news stories impacting APA this week:

About APA

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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.

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Analyst Recommendations for APA (NASDAQ:APA)

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