Tidal Investments LLC Has $8.99 Million Stock Position in APA Corporation $APA

Tidal Investments LLC lifted its stake in APA Corporation (NASDAQ:APA) by 30.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 276,070 shares of the company’s stock after purchasing an additional 64,266 shares during the period. Tidal Investments LLC’s holdings in APA were worth $8,992,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Two Sigma Securities LLC acquired a new stake in shares of APA in the 2nd quarter valued at approximately $835,000. Thrivent Financial for Lutherans grew its holdings in APA by 85.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 80,815 shares of the company’s stock valued at $1,976,000 after purchasing an additional 37,180 shares during the period. PNC Financial Services Group Inc. increased its stake in APA by 20.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 193,102 shares of the company’s stock valued at $4,723,000 after purchasing an additional 32,357 shares in the last quarter. Prudential PLC raised its holdings in APA by 753.2% in the fourth quarter. Prudential PLC now owns 136,744 shares of the company’s stock worth $3,345,000 after purchasing an additional 120,717 shares during the period. Finally, Hoertkorn Richard Charles bought a new position in shares of APA during the first quarter worth $2,429,000. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on APA shares. Benchmark boosted their price target on shares of APA from $40.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Weiss Ratings downgraded APA from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. The Goldman Sachs Group reiterated a “sell” rating and set a $43.00 target price on shares of APA in a report on Monday, September 7th. Stephens boosted their target price on APA from $43.00 to $47.00 in a research note on Wednesday, June 10th. Finally, Raymond James Financial boosted their target price on APA from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Ten equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.76.

APA Stock Up 0.4%

APA stock opened at $44.73 on Friday. The stock has a market capitalization of $15.67 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.78 and a beta of 0.37. APA Corporation has a twelve month low of $21.63 and a twelve month high of $46.10. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $38.99 and a 200-day moving average of $37.44.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). APA had a return on equity of 24.84% and a net margin of 19.48%.The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. On average, equities research analysts anticipate that APA Corporation will post 5.71 EPS for the current fiscal year.

APA Profile

APA Corporation (NASDAQ: APA) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates through subsidiaries and manages upstream assets spanning exploration, drilling, production and related field-development activities.

APA’s principal producing operations are in the Permian Basin of the United States and in Egypt. The company has also pursued offshore exploration opportunities in Suriname, where it has participated in drilling and appraisal activities in the country’s offshore blocks.