APA (NASDAQ:APA) Given New $26.00 Price Target at Sanford C. Bernstein

APA (NASDAQ:APA) had its target price boosted by research analysts at Sanford C. Bernstein from $22.00 to $26.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 8.56% from the company’s current price.

APA has been the topic of several other research reports. Wolfe Research increased their target price on APA from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Evercore ISI reduced their target price on shares of APA from $21.00 to $16.00 in a report on Tuesday, November 4th. Morgan Stanley boosted their price objective on shares of APA from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Thursday. Raymond James Financial raised their price target on APA from $28.00 to $31.00 in a report on Tuesday, October 28th. Finally, Barclays upped their target price on shares of APA from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.25.

APA Trading Up 2.4%

APA opened at $23.95 on Friday. The business’s 50 day moving average price is $23.68 and its 200 day moving average price is $20.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $8.49 billion, a PE ratio of 8.01, a P/E/G ratio of 6.28 and a beta of 1.12. APA has a one year low of $13.58 and a one year high of $25.83.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. APA had a return on equity of 20.98% and a net margin of 10.53%.The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts expect that APA will post 4.03 EPS for the current year.

Hedge Funds Weigh In On APA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators grew its stake in shares of APA by 276.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock worth $29,000 after purchasing an additional 891 shares in the last quarter. TD Private Client Wealth LLC grew its position in APA by 144.9% in the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after buying an additional 1,104 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of APA by 6,096.7% during the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock valued at $34,000 after purchasing an additional 1,829 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in APA during the third quarter valued at about $34,000. Finally, Spire Wealth Management boosted its stake in APA by 179.6% in the 3rd quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock worth $37,000 after purchasing an additional 977 shares during the period. 83.01% of the stock is owned by institutional investors.

About APA

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.