United Capital Financial Advisors LLC Purchases Shares of 48,041 APA Corporation $APA

United Capital Financial Advisors LLC purchased a new stake in APA Corporation (NASDAQ:APA) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 48,041 shares of the company’s stock, valued at approximately $1,565,000.

Other large investors have also recently modified their holdings of the company. Pacific Heights Asset Management LLC purchased a new stake in APA during the second quarter valued at approximately $19,542,000. Public Employees Retirement System of Ohio purchased a new position in APA in the second quarter worth $4,239,000. Corient Private Wealth LP acquired a new position in shares of APA during the second quarter worth $6,318,000. Bank of America Corp DE acquired a new position in shares of APA during the second quarter worth $46,998,000. Finally, Man Group plc purchased a new stake in shares of APA during the 2nd quarter valued at $1,695,000. Institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein boosted their price target on APA from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. increased their price objective on shares of APA from $38.00 to $41.00 in a research report on Friday, May 8th. UBS Group lowered their target price on shares of APA from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Barclays dropped their target price on shares of APA from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Finally, Wells Fargo & Company raised their price target on shares of APA from $39.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, APA currently has a consensus rating of “Hold” and a consensus target price of $41.50.

APA Trading Up 0.4%

Shares of NASDAQ:APA opened at $42.54 on Friday. APA Corporation has a 52-week low of $21.57 and a 52-week high of $45.66. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.77 and a beta of 0.35. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $36.80 and a 200-day moving average price of $36.33.

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

APA 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.