APA Co. (NASDAQ:APA) Stake Boosted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its stake in APA Co. (NASDAQ:APA) by 20.5% during the 4th quarter, HoldingsChannel reports. The firm owned 11,935 shares of the company’s stock after acquiring an additional 2,028 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in APA were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of APA in the third quarter valued at approximately $34,000. Rakuten Securities Inc. acquired a new stake in APA in the 4th quarter valued at approximately $34,000. Quent Capital LLC raised its stake in APA by 64.0% during the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after acquiring an additional 375 shares in the last quarter. Tobam acquired a new position in APA during the 4th quarter worth $52,000. Finally, CVA Family Office LLC acquired a new position in shares of APA during the fourth quarter valued at $56,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

APA has been the subject of several research analyst reports. Scotiabank reaffirmed a “sector perform” rating and issued a $37.00 price objective (down previously from $43.00) on shares of APA in a report on Tuesday, January 16th. Barclays lowered their price objective on shares of APA from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Piper Sandler upped their target price on APA from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. StockNews.com cut APA from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Finally, Truist Financial cut their price objective on APA from $59.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.20.

APA Trading Up 0.8 %

Shares of APA stock opened at $30.51 on Thursday. The business’s 50 day moving average is $32.54 and its two-hundred day moving average is $33.80. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. APA Co. has a 12 month low of $28.90 and a 12 month high of $46.15. The company has a market cap of $9.19 billion, a PE ratio of 3.41 and a beta of 3.29.

APA (NASDAQ:APA) last released its earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). APA had a return on equity of 45.32% and a net margin of 34.04%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. Equities analysts predict that APA Co. will post 5.03 EPS for the current year.

APA 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.