| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Analysts' ratings for APA (NASDAQ:APA) over the last quarter vary from bullish to bearish, as provided by 15 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 1 | 6 | 2 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 3 | 0 | 3 | 1 | 1 |
| 2M Ago | 1 | 0 | 1 | 1 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $41.67, a high estimate of $59.00, and a low estimate of $28.00. Highlighting a 3.9% decrease, the current average has fallen from the previous average price target of $43.36.
A comprehensive examination of how financial experts perceive APA is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mark Lear | Piper Sandler | Raises | Neutral | $35.00 | $33.00 |
| Devin McDermott | Morgan Stanley | Announces | Underweight | $28.00 | - |
| Arun Jayaram | JP Morgan | Raises | Neutral | $40.00 | $38.00 |
| Betty Jiang | Barclays | Announces | Equal-Weight | $40.00 | - |
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $45.00 | - |
| Neal Dingmann | Truist Securities | Lowers | Buy | $53.00 | $59.00 |
| Leo Mariani | Roth MKM | Raises | Buy | $39.00 | $37.00 |
| Neil Mehta | Goldman Sachs | Lowers | Sell | $31.00 | $35.00 |
| Neal Dingmann | Truist Securities | Maintains | Buy | $59.00 | - |
| William Janela | Mizuho | Lowers | Underperform | $34.00 | $36.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $33.00 | $36.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $59.00 | $64.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $50.00 | $53.00 |
| John Freeman | Raymond James | Lowers | Strong Buy | $43.00 | $44.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $36.00 | $42.00 |
Capture valuable insights into APA's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on APA analyst ratings.
Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: APA's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -12.34%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 81.82%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): APA's ROE stands out, surpassing industry averages. With an impressive ROE of 94.99%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): APA's ROA stands out, surpassing industry averages. With an impressive ROA of 12.32%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: APA's debt-to-equity ratio stands notably higher than the industry average, reaching 2.0. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: APA
