Versor Investments LP Makes New Investment in APA Co. (NASDAQ:APA)

Versor Investments LP purchased a new stake in APA Co. (NASDAQ:APAFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 22,918 shares of the company’s stock, valued at approximately $822,000.

A number of other institutional investors have also modified their holdings of the business. Daiwa Securities Group Inc. increased its holdings in shares of APA by 28.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 33,246 shares of the company’s stock worth $1,193,000 after acquiring an additional 7,461 shares during the period. Summa Corp. acquired a new position in shares of APA during the fourth quarter worth approximately $7,571,000. Ferguson Wellman Capital Management Inc. grew its holdings in APA by 3.2% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,237,787 shares of the company’s stock worth $44,412,000 after buying an additional 38,505 shares in the last quarter. GAMMA Investing LLC bought a new stake in APA during the 4th quarter valued at $95,000. Finally, AustralianSuper Pty Ltd boosted its position in APA by 14.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 726,126 shares of the company’s stock worth $26,053,000 after acquiring an additional 90,610 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Stock Performance

Shares of NASDAQ APA traded down $0.50 during trading hours on Friday, hitting $30.38. 4,247,787 shares of the company’s stock were exchanged, compared to its average volume of 6,505,329. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 3.40 and a beta of 3.29. The company’s 50-day moving average price is $32.56 and its 200-day moving average price is $33.71. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.16. APA Co. has a 1-year low of $28.90 and a 1-year high of $46.15.

APA (NASDAQ:APAGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. APA’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. On average, sell-side analysts expect that APA Co. will post 4.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank restated a “sector perform” rating and issued a $37.00 target price (down from $43.00) on shares of APA in a research report on Tuesday, January 16th. Mizuho decreased their target price on APA from $34.00 to $32.00 and set an “underperform” rating for the company in a research note on Thursday, May 2nd. Piper Sandler boosted their price target on shares of APA from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Raymond James reduced their price objective on shares of APA from $44.00 to $43.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Finally, Truist Financial reduced their target price on shares of APA from $59.00 to $53.00 and set a “buy” rating for the company in a report on Friday, April 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.20.

Check Out Our Latest Analysis on APA

APA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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