In the latest quarter, 9 analysts provided ratings for APA APA, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 2 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts have set 12-month price targets for APA, revealing an average target of $45.67, a high estimate of $61.00, and a low estimate of $36.00. This current average has decreased by 11.75% from the previous average price target of $51.75.
Decoding Analyst Ratings: A Detailed Look
A clear picture of APA's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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 |
| Paul Cheng | Scotiabank | Lowers | Sector Perform | $37.00 | $43.00 |
| John Freeman | Raymond James | Lowers | Strong Buy | $44.00 | $61.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $61.00 | $59.00 |
| Charles Meade | Johnson Rice | Announces | Hold | $40.00 | - |
| Josh Silverstein | UBS | Lowers | Neutral | $41.00 | $48.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to APA. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of APA compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of APA's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on APA analyst ratings.
About APA
Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Understanding the Numbers: APA's Finances
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, APA faced challenges, resulting in a decline of approximately -20.06% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's 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: APA's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 19.89%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): APA's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 51.37% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.43%, the company showcases effective utilization of assets.
Debt Management: APA's debt-to-equity ratio is notably higher than the industry average. With a ratio of 5.28, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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