APA (NASDAQ:APA – Get Free Report) had its price objective increased by stock analysts at Wells Fargo & Company from $21.00 to $39.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 1.55% from the company’s current price.
Several other equities analysts have also weighed in on the company. Morgan Stanley raised their target price on APA from $22.00 to $43.00 and gave the company an “underweight” rating in a report on Friday, March 27th. Benchmark raised their target price on APA from $33.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Sanford C. Bernstein cut their target price on APA from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Monday, January 5th. Susquehanna raised their price target on APA from $32.00 to $37.00 and gave the company a “positive” rating in a research report on Tuesday, March 3rd. Finally, UBS Group boosted their price objective on shares of APA from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.23.
APA Price Performance
APA (NASDAQ:APA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.29. APA had a return on equity of 19.89% and a net margin of 15.55%.The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $0.79 earnings per share. APA’s quarterly revenue was down 26.6% compared to the same quarter last year. As a group, sell-side analysts predict that APA will post 4.03 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Matthew Regis Bob sold 23,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total value of $833,290.00. Following the sale, the director directly owned 6,634 shares of the company’s stock, valued at approximately $240,349.82. This represents a 77.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in APA by 869.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 194,418 shares of the company’s stock worth $4,872,000 after purchasing an additional 174,369 shares during the last quarter. United Capital Management of KS Inc. bought a new stake in APA during the third quarter worth $1,214,000. Jackson Creek Investment Advisors LLC bought a new stake in APA during the third quarter worth $2,337,000. AE Wealth Management LLC lifted its stake in APA by 2,049.4% during the third quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock worth $9,797,000 after purchasing an additional 384,738 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in APA during the third quarter worth $1,828,000. 83.01% of the stock is owned by institutional investors.
Key APA News
Here are the key news stories impacting APA this week:
- Positive Sentiment: Major analyst price-target lifts from RBC (to $45) and BMO (to $47) increase upside expectations and signal institutional support; both firms kept neutral/market‑perform ratings but raised targets materially. RBC raises price target on APA BMO raises price target on APA
- Positive Sentiment: APA reported a new onshore gas discovery in Egypt’s Western Desert — a production/resource development item that can improve medium‑term reserves and diversify production mix away from crude exposure. APA’s New Egypt Gas Find Raises Questions
- Positive Sentiment: Analyst commentary (Wolfe Research) and Zacks momentum ranking highlight continued analyst interest and positive technical/momentum factors that support further share strength. Wolfe Research bullish on APA Zacks: APA top-ranked momentum stock
- Neutral Sentiment: Analytical pieces assessing whether APA’s large one‑year rally (100%+ range) leaves it overextended — useful for investor positioning but not immediate catalysts. Is It Too Late To Consider APA
- Negative Sentiment: Short‑term sell pressure after a sharp drop in crude prices tied to a reported two‑week US‑Iran ceasefire led APA to fall sharply alongside peers; oil sensitivity remains the primary downside risk. APA Corp. Tumbles on Oil Plunge
- Negative Sentiment: Broader coverage noting that some energy stocks are sliding despite market rallies after the ceasefire — underscores sector correlation to geopolitics and oil moves. Investopedia: These Stocks Are Sliding
About APA
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.
Further Reading
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