Raymond James Boosts APA (NASDAQ:APA) Price Target to $45.00

APA (NASDAQ:APA) had its price target upped by Raymond James from $44.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price objective points to a potential upside of 89.91% from the company’s previous close.

Other analysts have also issued research reports about the company. UBS Group lowered 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. JPMorgan Chase & Co. dropped their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Susquehanna cut their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Bernstein Bank decreased their price target on shares of APA from $30.00 to $28.00 in a research report on Friday, October 18th. Finally, Citigroup cut their price objective on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, APA has an average rating of “Hold” and an average target price of $30.65.

APA Stock Performance

Shares of NASDAQ:APA traded up $0.34 during midday trading on Thursday, hitting $23.70. The company’s stock had a trading volume of 3,076,367 shares, compared to its average volume of 6,138,897. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50 day simple moving average is $22.73 and its 200 day simple moving average is $25.40. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 3.34 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.

Insider Activity

In related news, Director Juliet S. Ellis bought 4,391 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now owns 12,436 shares of the company’s stock, valued at $283,292.08. This represents a 54.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of APA. Harris Associates L P boosted 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 period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of APA by 12.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after buying an additional 3,411,270 shares in the last quarter. Mizuho Securities USA LLC raised its position in APA by 3,450.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock valued at $24,115,000 after buying an additional 958,141 shares during the last quarter. AQR Capital Management LLC lifted its stake in APA by 112.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock valued at $42,092,000 after acquiring an additional 767,557 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of APA by 17.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company’s stock worth $100,351,000 after acquiring an additional 600,612 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.