APA (NASDAQ:APA) Price Target Increased to $54.00 by Analysts at Susquehanna

APA (NASDAQ:APA) had its price objective upped by investment analysts at Susquehanna from $50.00 to $54.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 68.43% from the company’s current price.

Other research analysts have also issued research reports about the stock. Barclays began coverage on shares of APA in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $40.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of APA from $35.00 to $31.00 and set a “sell” rating for the company in a report on Tuesday, March 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price objective on shares of APA in a research note on Monday, April 8th. Raymond James cut their target price on shares of APA from $44.00 to $43.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.10.

APA Price Performance

NASDAQ APA opened at $32.06 on Monday. APA has a 12 month low of $29.47 and a 12 month high of $46.15. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $9.65 billion, a PE ratio of 3.45 and a beta of 3.27. The company’s 50 day simple moving average is $32.46 and its 200 day simple moving average is $34.53.

APA (NASDAQ:APA) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). APA had a net margin of 34.95% and a return on equity of 62.64%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business earned $1.48 EPS. APA’s revenue was down 12.3% compared to the same quarter last year. As a group, equities research analysts forecast that APA will post 4.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lido Advisors LLC lifted its position in APA by 1.2% during the 3rd quarter. Lido Advisors LLC now owns 21,901 shares of the company’s stock worth $900,000 after acquiring an additional 266 shares during the last quarter. DNB Asset Management AS raised its position in shares of APA by 0.6% during the fourth quarter. DNB Asset Management AS now owns 49,846 shares of the company’s stock valued at $1,788,000 after buying an additional 308 shares during the last quarter. HB Wealth Management LLC raised its position in shares of APA by 5.0% during the fourth quarter. HB Wealth Management LLC now owns 6,528 shares of the company’s stock valued at $234,000 after buying an additional 309 shares during the last quarter. NovaPoint Capital LLC raised its position in shares of APA by 5.8% during the third quarter. NovaPoint Capital LLC now owns 6,231 shares of the company’s stock valued at $256,000 after buying an additional 342 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of APA by 1.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,029 shares of the company’s stock valued at $898,000 after buying an additional 358 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Company Profile

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.