APA’s (APA) “Sector Perform” Rating Reiterated at Royal Bank of Canada

APA (NASDAQ:APA)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $32.00 price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 27.24% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Susquehanna decreased their price target on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. JPMorgan Chase & Co. dropped their price objective on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. UBS Group cut their target price on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Scotiabank lowered their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, Citigroup dropped their price target on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.55.

APA Trading Down 1.2 %

Shares of APA stock opened at $25.15 on Wednesday. The stock has a 50-day simple moving average of $22.51 and a 200 day simple moving average of $25.58. The stock has a market capitalization of $9.30 billion, a P/E ratio of 3.55 and a beta of 3.16. APA has a fifty-two week low of $20.32 and a fifty-two week high of $36.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

Insider Buying and Selling at APA

In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the acquisition, the director now directly owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

Institutional Trading of APA

Several large investors have recently made changes to their positions in APA. Harris Associates L P raised its holdings in shares of APA by 20.8% in the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after buying an additional 4,293,932 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in APA by 12.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock valued at $745,341,000 after acquiring an additional 3,411,270 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of APA by 131.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after acquiring an additional 2,736,041 shares during the last quarter. Mizuho Securities USA LLC lifted its position in shares of APA by 3,450.8% during the third quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock worth $24,115,000 after purchasing an additional 958,141 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of APA by 112.6% during the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock worth $42,092,000 after purchasing an additional 767,557 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Company Profile

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.