58,431 Shares in APA Corporation $APA Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in APA Corporation (NASDAQ:APA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 58,431 shares of the company’s stock, valued at approximately $1,903,000.

Several other large investors have also recently bought and sold shares of APA. Hollencrest Capital Management boosted its position in APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of APA during the first quarter worth $28,000. Summit Securities Group LLC raised its position in shares of APA by 115.1% during the fourth quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock worth $32,000 after acquiring an additional 710 shares during the last quarter. MidFirst Bank acquired a new position in shares of APA during the second quarter valued at $33,000. Finally, Gables Capital Management Inc. acquired a new position in shares of APA during the second quarter valued at $36,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on APA. Morgan Stanley lowered their price objective on APA from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Friday, June 26th. Susquehanna lifted their price target on shares of APA from $45.00 to $47.00 and gave the stock a “positive” rating in a research report on Tuesday, August 11th. Truist Financial boosted their price target on shares of APA from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Mizuho upgraded shares of APA to a “strong sell” rating in a report on Friday, July 31st. Finally, Zacks Research cut shares of APA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.50.

APA Stock Performance

Shares of APA stock opened at $42.96 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. APA Corporation has a 52 week low of $21.47 and a 52 week high of $45.66. The company’s 50 day moving average price is $36.14 and its two-hundred day moving average price is $35.98. The company has a market capitalization of $15.05 billion, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 0.78 and a beta of 0.35.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a net margin of 19.48% and a return on equity of 24.84%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the company earned $0.87 EPS. On average, analysts expect that APA Corporation will post 5.54 earnings per share for the current fiscal year.

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.