Ratings for APA APA were provided by 21 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 4 | 8 | 5 | 1 |
| Last 30D | 0 | 0 | 1 | 1 | 0 |
| 1M Ago | 0 | 1 | 1 | 1 | 0 |
| 2M Ago | 0 | 3 | 3 | 3 | 0 |
| 3M Ago | 3 | 0 | 3 | 0 | 1 |
In the assessment of 12-month price targets, analysts unveil insights for APA, presenting an average target of $41.1, a high estimate of $59.00, and a low estimate of $28.00. This current average has decreased by 0.72% from the previous average price target of $41.40.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Noah Hungness | B of A Securities | Announces | Underperform | $31.00 | - |
| Stephen Richardson | Evercore ISI Group | Lowers | In-Line | $39.00 | $52.00 |
| Scott Gruber | Citigroup | Lowers | Neutral | $33.00 | $35.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $52.00 | $53.00 |
| William Janela | Mizuho | Raises | Underperform | $35.00 | $34.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $33.00 | $35.00 |
| William Janela | Mizuho | Raises | Underperform | $34.00 | $32.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $57.00 | $54.00 |
| Betty Jiang | Barclays | Lowers | Equal-Weight | $38.00 | $40.00 |
| William Janela | Mizuho | Lowers | Underperform | $32.00 | $34.00 |
| Roger Read | Wells Fargo | Announces | Overweight | $55.00 | - |
| Biju Perincheril | Susquehanna | Raises | Positive | $54.00 | $50.00 |
| 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 | - |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of APA compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of APA's stock. This analysis reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of APA's market standing. Stay informed and make data-driven 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 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).
Financial Milestones: APA's Journey
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.
Revenue Challenges: APA's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -2.84%. This indicates a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: APA's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 6.77%, the company may face hurdles in effective cost management.
Return on Equity (ROE): APA's ROE excels beyond industry benchmarks, reaching 5.02%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): APA's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.87%, the company may face hurdles in achieving optimal financial performance.
Debt Management: APA's debt-to-equity ratio stands notably higher than the industry average, reaching 2.03. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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