APA (NASDAQ:APA) Raised to “Hold” at TD Cowen

APA (NASDAQ:APA) was upgraded by TD Cowen to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

APA has been the subject of a number of other reports. Citigroup upped their price target on APA from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Wolfe Research restated an “outperform” rating and set a $35.00 price objective on shares of APA in a report on Wednesday, January 21st. Sanford C. Bernstein lowered their target price on shares of APA from $26.00 to $25.00 and set a “market perform” rating for the company in a research note on Monday, January 5th. Stephens lifted their price target on shares of APA from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Finally, UBS Group boosted their price target on shares of APA from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, APA has a consensus rating of “Hold” and an average price target of $26.35.

APA Price Performance

APA opened at $27.45 on Monday. The company has a fifty day moving average price of $25.55 and a two-hundred day moving average price of $23.75. The firm has a market capitalization of $9.74 billion, a PE ratio of 6.60, a P/E/G ratio of 12.56 and a beta of 0.74. APA has a 52 week low of $13.58 and a 52 week high of $27.92. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.78 and a current ratio of 0.78.

Institutional Trading of APA

A number of institutional investors have recently modified their holdings of APA. Charles Schwab Investment Management Inc. raised its position in APA by 2.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,208,961 shares of the company’s stock valued at $259,882,000 after buying an additional 275,981 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of APA by 13.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock worth $340,657,000 after acquiring an additional 1,674,739 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of APA by 76.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock valued at $175,426,000 after purchasing an additional 3,117,032 shares during the last quarter. Northern Trust Corp lifted its position in shares of APA by 29.6% in the third quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock worth $108,349,000 after purchasing an additional 1,018,326 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of APA by 157.1% in the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after purchasing an additional 1,869,891 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

About APA

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.