Jupiter Topco LLC Invests $5.10 Million in APA Corporation $APA

Jupiter Topco LLC acquired a new stake in APA Corporation (NASDAQ:APA) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 156,789 shares of the company’s stock, valued at approximately $5,103,000.

Other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management grew its holdings in APA by 520.8% during the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of APA during the first quarter valued at $28,000. Summit Securities Group LLC lifted its holdings 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 purchasing an additional 710 shares during the period. MidFirst Bank bought a new stake in shares of APA in the second quarter worth $33,000. Finally, Compass Financial Management LLC bought a new stake in shares of APA in the second quarter worth $33,000. Institutional investors own 83.01% of the company’s stock.

APA Stock Up 1.4%

APA stock opened at $43.15 on Tuesday. APA Corporation has a 1-year low of $21.57 and a 1-year high of $45.66. The stock has a market cap of $15.12 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.77 and a beta of 0.35. The stock’s fifty day simple moving average is $36.98 and its two-hundred day simple moving average is $36.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47.

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 business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same quarter in the previous year, the firm earned $0.87 earnings per share. Analysts expect that APA Corporation will post 5.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on APA shares. JPMorgan Chase & Co. raised their target price on APA from $38.00 to $41.00 in a research report on Friday, May 8th. Raymond James Financial cut their price target on shares of APA from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Sanford C. Bernstein increased their price target on APA from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, May 20th. Weiss Ratings raised APA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Stephens boosted their price objective on APA from $43.00 to $47.00 in a research note on Wednesday, June 10th. Ten analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.50.

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.