APA (NASDAQ:APA) Price Target Lowered to $27.00 at UBS Group

APA (NASDAQ:APA) had its price target cut by equities research analysts at UBS Group from $28.00 to $27.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 21.35% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Truist Financial cut their target price on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Mizuho lowered their price target on shares of APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. Finally, Citigroup decreased their price objective on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.52.

APA Stock Up 3.9 %

Shares of NASDAQ APA opened at $22.25 on Monday. APA has a 1 year low of $20.95 and a 1 year high of $37.82. The firm’s 50-day moving average is $23.80 and its 200-day moving average is $26.75. 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 has a market capitalization of $8.23 billion, a PE ratio of 3.14 and a beta of 3.19.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Synovus Financial Corp boosted its stake in shares of APA by 144.3% in the third quarter. Synovus Financial Corp now owns 30,925 shares of the company’s stock valued at $756,000 after buying an additional 18,268 shares during the period. Tidal Investments LLC grew its stake in APA by 154.2% during the third quarter. Tidal Investments LLC now owns 62,400 shares of the company’s stock worth $1,526,000 after buying an additional 37,855 shares in the last quarter. PVG Asset Management Corp acquired a new position in shares of APA in the 3rd quarter valued at approximately $757,000. Sanctuary Advisors LLC lifted its holdings in shares of APA by 23.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,678 shares of the company’s stock worth $266,000 after acquiring an additional 2,185 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the last quarter. 83.01% of the stock is owned by institutional investors.

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.