Capital One Financial Has Lowered Expectations for APA (NASDAQ:APA) Stock Price

APA (NASDAQ:APA) had its target price cut by stock analysts at Capital One Financial from $51.00 to $50.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Capital One Financial‘s target price suggests a potential upside of 39.90% from the company’s previous close.

APA has been the topic of a number of other reports. Benchmark lifted their target price on APA from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Royal Bank Of Canada lifted their target price on APA from $29.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Piper Sandler lifted their target price on APA from $30.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Truist Financial initiated coverage on APA in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price on the stock. Finally, Barclays raised APA from an “underweight” rating to an “equal weight” rating and set a $35.00 price objective for the company in a report on Monday, March 23rd. Seven investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.65.

APA Trading Down 5.7%

NASDAQ APA opened at $35.74 on Friday. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 8.96 and a beta of 0.49. APA has a one year low of $15.15 and a one year high of $45.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average is $34.86 and its 200-day moving average is $28.21.

APA (NASDAQ:APA) last released its earnings results on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.89 billion. APA had a return on equity of 19.89% and a net margin of 15.55%.The business’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. Equities research analysts predict that APA will post 4.03 EPS for the current year.

Insider Activity at APA

In related news, Director Matthew Regis Bob sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total transaction of $833,290.00. Following the sale, the director directly owned 6,634 shares in the company, valued at approximately $240,349.82. This represents a 77.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Institutional Trading of APA

Institutional investors have recently modified their holdings of the business. Deseret Mutual Benefit Administrators lifted its stake in shares of APA by 276.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock valued at $29,000 after buying an additional 891 shares in the last quarter. Summit Securities Group LLC grew its holdings in APA by 115.1% during the 4th quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock valued at $32,000 after buying an additional 710 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in APA during the 3rd quarter valued at about $34,000. Camelot Portfolios LLC purchased a new position in APA during the 4th quarter valued at about $37,000. Finally, Spire Wealth Management grew its holdings in APA by 179.6% during the 3rd quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after buying an additional 977 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Key APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Capital One cut its price target slightly to $50 (from $51) but kept an “overweight” rating — this signals continued bullish conviction and still implies ~40% upside from current levels. Read More.
• Positive Sentiment: UBS raised its price target to $45 (from $44) while staying neutral — a modestly firmer target that supports buyer interest above recent prices. Read More.
• Neutral Sentiment: AmericanBankingNews posted a $37 price-target update — a small upward revision that implies only modest upside and is unlikely to dramatically change sentiment by itself. Read More.
• Neutral Sentiment: Analysts expect APA’s Q1 results to show a single‑digit profit dip; upcoming earnings can increase volatility but the consensus view is for only a modest decline. Read More.
• Negative Sentiment: Citigroup cut its price target to $40 from $45 and that downgrade precipitated a gap-down opening — this is the most direct driver of today’s decline as it prompted immediate selling. Read More.
• Negative Sentiment: Macro/sector pressure: reports that the Strait of Hormuz has reopened to commercial traffic have weighed on oil-related names broadly, reducing near-term oil supply-risk premiums and pressuring exploration stocks like APA. Read More.

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.