UBS Group Issues Pessimistic Forecast for APA (NASDAQ:APA) Stock Price

APA (NASDAQ:APA) had its price target decreased by UBS Group from $28.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 21.29% from the company’s current price.

APA has been the topic of a number of other research reports. Piper Sandler decreased their target price on APA from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Evercore ISI decreased their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a report on Monday, September 30th. 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. Truist Financial decreased their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Scotiabank cut their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, APA currently has a consensus rating of “Hold” and an average target price of $32.52.

APA Stock Performance

NASDAQ APA opened at $22.26 on Monday. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 3.14 and a beta of 3.19. The stock has a 50-day moving average of $23.73 and a 200 day moving average of $26.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA has a twelve month low of $20.95 and a twelve month high of $37.82.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of APA by 25.4% in the 2nd quarter. CWM LLC now owns 11,604 shares of the company’s stock worth $342,000 after acquiring an additional 2,349 shares during the last quarter. QRG Capital Management Inc. lifted its stake in APA by 27.6% during the second quarter. QRG Capital Management Inc. now owns 15,947 shares of the company’s stock worth $469,000 after purchasing an additional 3,448 shares in the last quarter. Czech National Bank boosted its position in shares of APA by 28.6% during the second quarter. Czech National Bank now owns 68,613 shares of the company’s stock worth $2,020,000 after buying an additional 15,275 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of APA in the second quarter valued at $251,000. Finally, Wedmont Private Capital raised its holdings in shares of APA by 63.9% in the 2nd quarter. Wedmont Private Capital now owns 12,234 shares of the company’s stock valued at $367,000 after buying an additional 4,771 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

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.