APA (NASDAQ:APA) Price Target Lowered to $25.00 at Barclays

APA (NASDAQ:APA) had its target price reduced by equities research analysts at Barclays from $27.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 24.81% from the stock’s current price.

A number of other brokerages also recently commented on APA. Piper Sandler reduced their target price on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Raymond James downgraded shares of APA from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. UBS Group reduced their price target on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Mizuho reduced their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research note on Monday, December 16th. Finally, The Goldman Sachs Group reduced their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, APA has a consensus rating of “Hold” and an average target price of $28.60.

APA Stock Performance

APA opened at $20.03 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm’s 50-day moving average price is $22.22 and its 200 day moving average price is $23.23. APA has a twelve month low of $17.66 and a twelve month high of $36.05. The firm has a market capitalization of $7.29 billion, a PE ratio of 2.83 and a beta of 3.26.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. As a group, sell-side analysts expect that APA will post 4.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in APA by 22.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company’s stock worth $1,503,000 after acquiring an additional 12,077 shares in the last quarter. US Bancorp DE grew its holdings in APA by 2.2% during the 4th quarter. US Bancorp DE now owns 47,719 shares of the company’s stock worth $1,102,000 after acquiring an additional 1,010 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock worth $293,312,000 after acquiring an additional 485,291 shares in the last quarter. Baader Bank Aktiengesellschaft grew its holdings in APA by 175.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company’s stock worth $543,000 after acquiring an additional 14,980 shares in the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new position in APA during the 3rd quarter worth approximately $7,238,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

About APA

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.