APA (NASDAQ:APA) Stock Price Expected to Rise, Capital One Financial Analyst Says

APA (NASDAQ:APA) had its price target hoisted by stock analysts at Capital One Financial from $32.00 to $51.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Capital One Financial‘s target price would suggest a potential upside of 19.16% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Susquehanna raised their price target on APA from $32.00 to $37.00 and gave the stock a “positive” rating in a report on Tuesday, March 3rd. Citigroup increased their price objective on APA from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Jefferies Financial Group lifted their target price on APA from $22.00 to $26.00 in a research note on Monday, March 9th. Barclays raised APA from an “underweight” rating to an “equal weight” rating and set a $35.00 target price on the stock in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of APA in a research note on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, APA currently has a consensus rating of “Hold” and a consensus price target of $32.96.

APA Stock Up 3.6%

APA stock opened at $42.80 on Wednesday. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 10.73 and a beta of 0.67. The company has a fifty day moving average price of $30.33 and a 200 day moving average price of $26.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.82 and a quick ratio of 0.82. APA has a 12 month low of $13.58 and a 12 month high of $43.22.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.29. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 15.55% and a return on equity of 19.89%. APA’s revenue for the quarter was down 26.6% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. Sell-side analysts expect that APA will post 4.03 earnings per share for the current year.

Insider Activity at APA

In other news, Director Matthew Regis Bob sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total value of $833,290.00. Following the completion of the sale, the director directly owned 6,634 shares of the company’s stock, valued at $240,349.82. This trade represents a 77.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Deseret Mutual Benefit Administrators lifted its holdings in APA by 276.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock valued at $29,000 after acquiring an additional 891 shares during the period. Summit Securities Group LLC increased its holdings in shares of APA by 115.1% in the 4th quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock valued at $32,000 after purchasing an additional 710 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of APA in the 3rd quarter valued at about $34,000. Camelot Portfolios LLC acquired a new stake in shares of APA in the fourth quarter valued at about $37,000. Finally, Spire Wealth Management lifted its stake in shares of APA by 179.6% in the third quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after purchasing an additional 977 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA News Summary

Here are the key news stories impacting APA this week:

• Positive Sentiment: Capital One raised its price target on APA to $51 and kept an “overweight” rating — the new target implies meaningful upside from recent levels. Capital One adjusts price target on APA to $51 from $32; maintains overweight rating
• Positive Sentiment: Raymond James raised its target to $45 and kept an “outperform” rating, supporting near-term upside momentum. Raymond James adjusts price target on APA to $45 from $31; maintains outperform rating
• Positive Sentiment: Goldman Sachs commentary signaled expectations of a price rise, adding to bullish analyst tone supporting the rally. APA (NASDAQ:APA) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says
• Positive Sentiment: Operational news: APA reported a new gas discovery in Egypt that could accelerate production, reduce unit costs and support Egypt’s effort to cut imports — a clear fundamental positive. APA’s New Gas Discovery Strengthens Egypt’s Energy Outlook
• Positive Sentiment: APA hit a new 52-week high after analyst upgrades, reflecting strong market reaction to the above analyst and operational developments. APA (NASDAQ:APA) Sets New 52-Week High After Analyst Upgrade
• Neutral Sentiment: Barclays moved APA to Equal Weight — a mild vote of confidence but less incremental than the price-target raises. Barclays Upgrades APA to Equal Weight
• Neutral Sentiment: Truist initiated coverage with a Hold, which is neutral-to-slightly-cautious relative to the other bullish notes. Truist Financial Initiates Coverage on APA

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.