Analysts' ratings for APA APA over the last quarter vary from bullish to bearish, as provided by 13 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 7 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 2 | 0 | 0 |
| 2M Ago | 3 | 0 | 4 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 1 | 0 |
Analysts have recently evaluated APA and provided 12-month price targets. The average target is $39.46, accompanied by a high estimate of $52.00 and a low estimate of $29.00. Observing a downward trend, the current average is 10.48% lower than the prior average price target of $44.08.
Understanding Analyst Ratings: A Comprehensive 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 |
|---|---|---|---|---|---|
| Biju Perincheril | Susquehanna | Lowers | Positive | $52.00 | $57.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $29.00 | $34.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $49.00 | $50.00 |
| Josh Silverstein | UBS | Lowers | Neutral | $35.00 | $38.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $46.00 | $45.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $45.00 | $52.00 |
| Mark Lear | Piper Sandler | Raises | Neutral | $34.00 | $33.00 |
| Bob Brackett | Bernstein | Lowers | Market Perform | $30.00 | $37.00 |
| Paul Cheng | Scotiabank | Lowers | Sector Perform | $30.00 | $37.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $52.00 | $53.00 |
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $41.00 | $41.00 |
| Noah Hungness | B of A Securities | Announces | Underperform | $31.00 | - |
| Stephen Richardson | Evercore ISI Group | Lowers | In-Line | $39.00 | $52.00 |
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: Gaining insights, analysts provide estimates for the future value of APA's stock. This comparison reveals trends in analysts' expectations over time.
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.
All You Need to Know 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).
A Deep Dive into APA's Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: APA displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 41.59%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 21.27%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): APA's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 13.47%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.08%, the company showcases effective utilization of assets.
Debt Management: APA's debt-to-equity ratio surpasses industry norms, standing at 1.26. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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