Sanctuary Advisors LLC Purchases Shares of 22,791 APA Corporation $APA

Sanctuary Advisors LLC purchased a new position in shares of APA Corporation (NASDAQ:APA) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 22,791 shares of the company’s stock, valued at approximately $742,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of APA in the 2nd quarter valued at about $1,173,231,000. Arrowstreet Capital Limited Partnership grew its holdings in APA by 1,726.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock worth $205,176,000 after acquiring an additional 4,569,779 shares during the period. Bank of New York Mellon Corp acquired a new stake in APA during the second quarter worth about $134,558,000. Goldman Sachs Group Inc. raised its position in APA by 76.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock valued at $175,426,000 after acquiring an additional 3,117,032 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in APA by 157.1% during the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock valued at $55,970,000 after acquiring an additional 1,869,891 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Stock Performance

NASDAQ:APA opened at $42.54 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $36.80 and a two-hundred day moving average of $36.33. The stock has a market capitalization of $14.90 billion, a PE ratio of 8.99, a P/E/G ratio of 0.77 and a beta of 0.35. APA Corporation has a fifty-two week low of $21.57 and a fifty-two week high of $45.66.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a net margin of 19.48% and a return on equity of 24.84%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the business earned $0.87 EPS. As a group, research analysts forecast that APA Corporation will post 5.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Raymond James Financial lowered their price objective on APA from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Barclays decreased their target price on shares of APA from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Wells Fargo & Company increased their price target on shares of APA from $39.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. BMO Capital Markets dropped their price target on shares of APA from $47.00 to $45.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 13th. Finally, UBS Group cut their price objective on shares of APA from $45.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.50.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.