APA (NASDAQ:APA – Get Free Report) had its price objective raised by equities research analysts at BMO Capital Markets from $35.00 to $47.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 21.29% from the stock’s current price.
A number of other research analysts have also commented on APA. Barclays upgraded APA from an “underweight” rating to an “equal weight” rating and set a $35.00 price objective on the stock in a research report on Monday, March 23rd. Evercore increased their price objective on APA from $25.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, March 24th. Scotiabank upgraded APA to a “hold” rating in a research report on Friday, March 27th. Truist Financial assumed coverage on APA in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective on the stock. Finally, Bank of America increased their price objective on APA from $23.00 to $27.00 and gave the company an “underperform” rating in a research report on Monday, March 16th. Seven equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, APA currently has a consensus rating of “Hold” and a consensus target price of $36.54.
Get Our Latest Analysis on APA
APA Stock Down 9.8%
APA (NASDAQ:APA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.29. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.89 billion. APA had a return on equity of 19.89% and a net margin of 15.55%.The business’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period last year, the company earned $0.79 EPS. On average, analysts predict that APA will post 4.03 earnings per share for the current year.
Insider Buying and Selling at APA
In other news, Director Matthew Regis Bob sold 23,000 shares of the stock in a transaction 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 transaction, the director owned 6,634 shares of the company’s stock, valued at $240,349.82. This represents a 77.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators raised its stake in APA by 276.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock worth $29,000 after buying an additional 891 shares during the period. Summit Securities Group LLC raised its stake in APA by 115.1% during the 4th quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock worth $32,000 after buying an additional 710 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in APA during the 3rd quarter worth $34,000. Spire Wealth Management raised its stake in APA by 179.6% during the 3rd quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock worth $37,000 after buying an additional 977 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in APA during the 4th quarter worth $37,000. Institutional investors and hedge funds own 83.01% of the company’s stock.
APA News Roundup
Here are the key news stories impacting APA this week:
- Positive Sentiment: Two brokers lifted targets: RBC raised its target to $45 (from $29) and BMO raised to $47 (from $35), providing upside vs. the recent price and signaling improved analyst confidence even while keeping neutral/market-perform ratings. RBC Raises Price Target BMO Raises Price Target
- Positive Sentiment: Wolfe Research expects APA’s stock to rise, adding another analyst voice that sees upside potential. This supports the case that some institutional research views the name as attractive despite recent gains. Wolfe Research Note
- Positive Sentiment: Zacks highlights APA as a top-ranked momentum stock, which can attract momentum-driven flows and ETFs that follow style/rankings. Zacks Momentum Coverage
- Positive Sentiment: Operational update: APA reported a new onshore gas discovery in Egypt’s Western Desert — a resource add that could influence future production mix and upside optionality in international assets. Egypt Gas Discovery
- Neutral Sentiment: Valuation/positioning write-up: Coverage asks whether APA’s large one‑year share gain (~222% in one article) leaves the stock stretched — useful context but not a direct catalyst. Investors should weigh growth/production outlook vs. valuation. Valuation Analysis
- Neutral Sentiment: Local business press release (APA Total Car Care) appears unrelated to APA Corporation (energy company); likely no material impact on APA stock. Local Press Release (Unrelated)
- Negative Sentiment: Geopolitical-driven commodity move: Investopedia flagged APA among stocks sliding after a US–Iran two‑week ceasefire — that headline reduced near‑term oil risk and pressured energy names, which helps explain today’s downside. Investopedia: Stocks Sliding After Ceasefire
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.
See Also
Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter.
