UBS Group Lowers APA (NASDAQ:APA) Price Target to $28.00

APA (NASDAQ:APA) had its target price cut by research analysts at UBS Group from $29.00 to $28.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 23.78% from the company’s current price.

APA has been the topic of several other reports. JPMorgan Chase & Co. decreased 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. Scotiabank dropped their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Bernstein Bank lowered their price target on APA from $30.00 to $28.00 in a report on Friday, October 18th. Evercore ISI reduced their price target 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. Finally, Barclays cut their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, November 8th. Four 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.81.

APA Stock Performance

Shares of APA stock traded up $0.24 on Monday, reaching $22.62. 2,337,793 shares of the stock were exchanged, compared to its average volume of 6,251,673. 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 business has a fifty day moving average price of $24.51 and a two-hundred day moving average price of $27.65. The firm has a market capitalization of $8.37 billion, a PE ratio of 3.19 and a beta of 3.24. APA has a 1-year low of $21.15 and a 1-year high of $37.82.

Institutional Investors Weigh In On APA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APA. Vanguard Group Inc. increased its position in shares of APA by 4.7% during the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after acquiring an additional 2,004,555 shares during the last quarter. Woodstock Corp boosted 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 valued at $7,540,000 after buying an additional 51,993 shares during the last quarter. Ellis Investment Partners LLC acquired a new stake in APA in the second quarter valued at $2,499,000. AQR Capital Management LLC boosted its stake in APA by 112.6% during 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 during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of APA by 50.2% in the 2nd quarter. Hsbc Holdings PLC now owns 985,596 shares of the company’s stock worth $29,002,000 after purchasing an additional 329,462 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

About APA

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.