11,928 Shares in APA Corporation $APA Bought by one8zero8 LLC

one8zero8 LLC acquired a new position in APA Corporation (NASDAQ:APA) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 11,928 shares of the company’s stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APA. Hollencrest Capital Management boosted its position in shares of APA by 520.8% during the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of APA in the 1st quarter valued at about $28,000. MidFirst Bank purchased a new position in shares of APA in the 2nd quarter valued at about $33,000. Global Assets Advisory LLC acquired a new stake in shares of APA in the first quarter valued at about $44,000. Finally, Gables Capital Management Inc. acquired a new stake in shares of APA in the second quarter valued at about $36,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Price Performance

Shares of NASDAQ APA opened at $43.45 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $35.69 and its 200 day moving average price is $35.61. APA Corporation has a 52 week low of $19.96 and a 52 week high of $45.66. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 9.19 and a beta of 0.35.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). APA had a return on equity of 24.84% and a net margin of 19.48%.The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. As a group, research analysts forecast that APA Corporation will post 5.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of APA from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. KeyCorp set a $46.00 price target on shares of APA in a research report on Wednesday, August 12th. Benchmark boosted their price target on APA from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. BMO Capital Markets decreased their price target on APA from $47.00 to $45.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 13th. Finally, Mizuho upgraded APA to a “strong sell” rating in a report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.50.

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.