Apergy (NYSE:APY) has been assigned a $32.00 price objective by investment analysts at Wolfe Research in a research note issued on Friday, TipRanks reports. The firm currently has a “buy” rating on the stock. Wolfe Research’s price objective would suggest a potential upside of 21.21% from the company’s previous close.
APY has been the subject of several other research reports. Zacks Investment Research downgraded shares of Apergy from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Piper Jaffray Companies downgraded shares of Apergy from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $27.00 in a research report on Thursday, October 10th. Citigroup reduced their price objective on shares of Apergy from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. ValuEngine raised shares of Apergy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays set a $39.00 price objective on shares of Apergy and gave the stock a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $37.32.
Apergy stock traded down $0.04 during mid-day trading on Friday, hitting $26.40. 892,170 shares of the stock were exchanged, compared to its average volume of 565,476. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.56. Apergy has a 12 month low of $23.62 and a 12 month high of $43.40. The firm’s fifty day simple moving average is $26.93 and its two-hundred day simple moving average is $31.26. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.58 and a beta of 2.29.
Apergy (NYSE:APY) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). The firm had revenue of $278.38 million for the quarter, compared to the consensus estimate of $306.68 million. Apergy had a return on equity of 9.89% and a net margin of 6.87%. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. As a group, analysts forecast that Apergy will post 1.33 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its position in Apergy by 136.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 925 shares of the company’s stock valued at $31,000 after purchasing an additional 533 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Apergy in the 2nd quarter valued at $35,000. Phocas Financial Corp. acquired a new stake in Apergy in the 2nd quarter valued at $37,000. Quadrant Capital Group LLC grew its position in Apergy by 77.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,844 shares of the company’s stock valued at $45,000 after purchasing an additional 803 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new stake in Apergy in the 2nd quarter valued at $47,000. 94.09% of the stock is owned by institutional investors and hedge funds.
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through two segments, Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts; and automation and digital equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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