Two Sigma Securities LLC Acquires Shares of 25,634 APA Corporation $APA

Two Sigma Securities LLC bought a new position in APA Corporation (NASDAQ:APA) during the second quarter, HoldingsChannel.com reports. The fund bought 25,634 shares of the company’s stock, valued at approximately $835,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in shares of APA by 85.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 80,815 shares of the company’s stock worth $1,976,000 after purchasing an additional 37,180 shares during the last quarter. Prudential PLC lifted its holdings in APA by 753.2% during the 4th quarter. Prudential PLC now owns 136,744 shares of the company’s stock valued at $3,345,000 after buying an additional 120,717 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in APA by 20.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 193,102 shares of the company’s stock valued at $4,723,000 after buying an additional 32,357 shares during the period. Hoertkorn Richard Charles purchased a new stake in APA in the 1st quarter valued at about $2,429,000. Finally, Jupiter Asset Management Ltd. bought a new position in APA in the 4th quarter worth about $19,968,000. 83.01% of the stock is currently owned by institutional investors.

APA Trading Up 2.7%

NASDAQ APA opened at $44.30 on Wednesday. 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 market capitalization of $15.52 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.78 and a beta of 0.35. The company’s 50-day simple moving average is $37.18 and its two-hundred day simple moving average is $36.61. APA Corporation has a one year low of $21.57 and a one year high of $45.66.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of APA from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen upgraded APA from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Morgan Stanley dropped their price objective on APA from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Friday, June 26th. UBS Group reduced their price objective on APA from $45.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Finally, Barclays decreased their target price on APA from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Nine analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, APA has a consensus rating of “Hold” and a consensus target price 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.