APA (NASDAQ:APA) Given New $24.00 Price Target at Mizuho

APA (NASDAQ:APA) had its price target decreased by equities research analysts at Mizuho from $25.00 to $24.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s target price points to a potential upside of 4.99% from the stock’s current price.

Several other equities analysts have also commented on APA. Citigroup dropped their target price on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Truist Financial dropped their price objective on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Bernstein Bank decreased their target price on APA from $30.00 to $28.00 in a research note on Friday, October 18th. Evercore ISI lowered their price target on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a report on Monday, September 30th. Finally, Susquehanna cut their price objective on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, APA currently has an average rating of “Hold” and a consensus target price of $32.33.

APA Trading Down 0.3 %

NASDAQ:APA opened at $22.86 on Monday. APA has a 12-month low of $20.95 and a 12-month high of $37.82. The firm has a market cap of $8.46 billion, a PE ratio of 3.23 and a beta of 3.18. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average price of $23.51 and a 200 day moving average price of $26.56.

Insider Activity

In other APA news, Director Juliet S. Ellis acquired 4,391 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $22.78 per share, with a total value of $100,026.98. Following the purchase, the director now directly owns 12,436 shares in the company, 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 Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Woodstock Corp lifted its stake in shares of APA by 20.3% during the 3rd quarter. Woodstock Corp now owns 308,253 shares of the company’s stock worth $7,540,000 after purchasing an additional 51,993 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock worth $293,312,000 after acquiring an additional 485,291 shares during the period. HITE Hedge Asset Management LLC acquired a new position in APA during the third quarter worth approximately $7,238,000. Ellis Investment Partners LLC acquired a new position in APA during the second quarter worth approximately $2,499,000. Finally, Victory Capital Management Inc. raised its stake in APA by 13.5% during the third quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after purchasing an additional 149,762 shares during the period. Institutional investors and hedge funds 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.