Providing a diverse range of perspectives from bullish to bearish, 19 analysts have published ratings on APA (NASDAQ:APA) in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 12 | 1 | 1 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 0 | 0 | 4 | 0 | 0 |
| 2M Ago | 1 | 1 | 3 | 0 | 0 |
| 3M Ago | 2 | 1 | 5 | 0 | 1 |
Analysts have set 12-month price targets for APA, revealing an average target of $30.74, a high estimate of $48.00, and a low estimate of $24.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 9.72%.
Investigating Analyst Ratings: An Elaborate Study
The perception of APA by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| William Janela | Mizuho | Lowers | Underperform | $24.00 | $25.00 |
| Josh Silverstein | UBS | Lowers | Neutral | $27.00 | $28.00 |
| Scott Gruber | Citigroup | Lowers | Neutral | $24.00 | $29.00 |
| Josh Silverstein | UBS | Lowers | Neutral | $28.00 | $29.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $26.00 | $28.00 |
| Arun Jayaram | JP Morgan | Lowers | Neutral | $25.00 | $29.00 |
| Scott Hanold | RBC Capital | Lowers | Sector Perform | $32.00 | $34.00 |
| Betty Jiang | Barclays | Lowers | Equal-Weight | $27.00 | $30.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $33.00 | $36.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $48.00 | $52.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $28.00 | $29.00 |
| Paul Cheng | Scotiabank | Lowers | Sector Perform | $27.00 | $30.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $36.00 | $34.00 |
| Neil Mehta | Goldman Sachs | Lowers | Sell | $26.00 | $30.00 |
| Betty Jiang | Barclays | Lowers | Equal-Weight | $30.00 | $35.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $47.00 | $49.00 |
| Stephen Richardson | Evercore ISI Group | Lowers | In-Line | $33.00 | $39.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $34.00 | $46.00 |
| Josh Silverstein | UBS | Lowers | Neutral | $29.00 | $35.00 |
Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to APA. This information offers a snapshot of how analysts perceive the current state of the company. Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of APA compared to the broader market. Price Targets: Analysts navigate through adjustments in price targets, providing estimates for APA's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
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.
Unveiling the Story Behind APA
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).
APA's Financial Performance
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: APA displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 9.66%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: APA's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -8.81%, the company may face hurdles in effective cost management.
Return on Equity (ROE): APA's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -4.23%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): APA's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -1.13%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.27, caution is advised due to increased financial risk.
What Are Analyst Ratings?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Latest Ratings for APA
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Piper Sandler | Maintains | Neutral | |
| Mar 2022 | Keybanc | Maintains | Overweight | |
| Mar 2022 | Keybanc | Maintains | Overweight |
View More Analyst Ratings for APA
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
